Financial Performance - Consolidated net income attributable to common stockholders for the three months ended September 30, 2019, was $7.7 million, an increase of 17.3% compared to $6.6 million for the same period in 2018[13]. - The company reported a total income of $51.2 million for the nine months ended September 30, 2019, an increase of 15.7% from $44.3 million in the same period of 2018[13]. - Basic earnings per common share for the nine months ended September 30, 2019, was $1.44, up 24.1% from $1.16 in the same period of 2018[13]. - The company reported a gain on the sale of mortgage loans of $7.1 million for the nine months ended September 30, 2019, compared to no gain in the same period of 2018[13]. - Net income for the quarter ended September 30, 2019, was $7,691,000, an increase from $7,330,000 in the previous quarter[24]. - Total comprehensive income for the quarter was $1,012,000, reflecting a positive performance[26]. Assets and Liabilities - Total assets decreased to $1,553.7 million as of September 30, 2019, from $1,602.9 million at December 31, 2018, representing a decline of approximately 3.1%[9]. - The company’s total liabilities decreased to $1,195.7 million as of September 30, 2019, from $1,268.6 million at December 31, 2018, a reduction of approximately 5.7%[9]. - Total equity attributable to stockholders increased to $334.1 million as of September 30, 2019, from $300.8 million at December 31, 2018, representing an increase of 11.0%[9]. - The carrying value of the Company's mortgage loans was approximately $1.164 billion, a decrease from $1.310 billion as of December 31, 2018, representing a decline of about 11%[99]. Cash Flow and Dividends - Cash and cash equivalents increased to $57.9 million as of September 30, 2019, from $55.1 million at December 31, 2018, reflecting a growth of 5.0%[9]. - The company paid $19,462 thousand in dividends on common stock, an increase from $16,892 thousand in the previous period[19]. - The company declared dividends of $0.30 per share, with total distributions amounting to $(5,606) thousand, compared to $(7,673) thousand in the previous period[21]. - The company’s cash flows from operating activities showed a net cash outflow of $11.2 million for the nine months ended September 30, 2019, compared to an outflow of $2.6 million in the same period of 2018[18]. Investments and Acquisitions - The Company targets acquisitions of re-performing loans (RPLs) and small balance commercial loans (SBC loans) to enhance its portfolio[28]. - The Company acquired 539 RPLs with an unpaid principal balance (UPB) of $115.6 million during the nine months ended September 30, 2019, compared to 422 RPLs with a UPB of $104.5 million in the same period of 2018, reflecting a significant increase in acquisitions[102]. - The Company acquired $127.6 million in notes and beneficial interests issued by joint ventures during 2019, with senior notes valued at $93.6 million and subordinate notes at $12.6 million[118]. Debt and Borrowings - The total maximum borrowing capacity as of September 30, 2019, is $906,094,000, with outstanding amounts of $438,388,000 and collateral amounting to $588,974,000, resulting in a coverage ratio of 134%[145]. - The interest rate on the secured borrowings averages 4.26% as of September 30, 2019[145]. - The total secured borrowings as of September 30, 2019 amounted to $912.7 million, reflecting a 143% collateral coverage[161]. - The Company issued $87.5 million of 7.25% convertible senior notes due 2024, with net proceeds of approximately $84.9 million after expenses[165]. Management and Compensation - Management fees paid to Thetis rose to $2.2 million in Q3 2019, up from $1.5 million in Q3 2018, marking a 52% increase[10]. - Total stock-based management and director fees for the three months ended September 30, 2019, amounted to $1,026,000, a 26.3% increase from $813,000 in 2018[197]. - The annual retainer for independent directors increased to $100,000 effective April 1, 2019, with 40% payable in shares of common stock[16]. Real Estate and Property Management - The Company owned 23 rental properties with a carrying value of $38.3 million as of September 30, 2019, an increase from 21 properties valued at $17.6 million as of December 31, 2018[110]. - The net investments in REO held-for-sale were $16.5 million as of September 30, 2019, down from $19.4 million as of December 31, 2018, indicating a decrease in held-for-sale properties[111]. - The Company sold 30 and 32 REO properties during the three months ended September 30, 2019 and 2018, realizing a net gain of approximately $0.3 million and a net loss of $0.2 million, respectively[114]. Accounting and Compliance - The Company has maintained REIT status since 2014, which allows it to avoid U.S. federal income tax on distributed taxable income, provided certain tests are met[82]. - The Company has adopted several accounting standards, including ASU 2016-02 on leases, with no significant impact on consolidated financial statements[90]. - The Company is currently evaluating the impact of ASU 2016-13 on expected credit losses, but does not anticipate a material effect on its financial statements[94].

Great Ajax Corp. (NYSE:AJX) Q2 2019 Earnings Conference Call August 6, 2019 5:00 PM ET Company Participants Lawrence Mendelsohn - CEO Conference Call Participants Tim Hayes - B. Riley FBR Kevin Barker - Piper Jaffray Operator Good day, and welcome to the Great Ajax Second Quarter 2019 Financial Results Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Lawrence Mendelsohn, Chief Executive Officer. Please go ahead ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) Maryland State or other jurisdiction of incorpora ...

Great Ajax Corp. (NYSE:AJX) Q1 2019 Results Conference Call May 7, 2019 5:00 PM ET Company Participants Lawrence Mendelsohn - CEO Mary Doyle - CFO Conference Call Participants Mike Smyth - B. Riley FBR Scott Valentin - Compass Point Kevin Barker - Piper Jaffray Operator Good afternoon, and welcome to the Great Ajax First Quarter 2019 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbols Name of each exchange on which registered Common stock, par value $0.01 per share AJX New York Stock Exchange 7.25% Convertible Senior Notes due 2024 AJXA New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (E ...

Great Ajax Corp (NYSE:AJX) Q4 2018 Earnings Conference Call March 5, 2019 5:00 PM ET Company Participants Lawrence Mendelsohn - Chairman & CEO Mary Doyle - CFO Conference Call Participants Timothy Hayes - B. Riley FBR Steven Delaney - JMP Securities Peter Stettler - Piper Jaffray Operator Good day everyone and welcome to the Great Ajax Corp Fourth Quarter and Year-End 2018 Financial Results Conference Call. All participants will be listen only mode. [Operator Instructions] Please note that today's event is ...