Great Ajax Corp (N:AJX)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 13190 Sw 68Th Parkway, Suite 110
TIGARD OR 97223
Tel: N/A
Website: https://www.greatajax.com
IR: See website
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Key People
Lawrence A. Mendelsohn
Chairman of the Board, Chief Executive Officer, Manager of Thetis Asset Management LLC 		Russell Schaub
President, Director, Vice President and Chief Operating Officer of Gregory Funding LLC 		Mary Doyle
Chief Financial Officer, Chief Financial Officer of Thetis Asset Management LLC and Gregory Funding LLC
Business Overview
Great Ajax Corp. is an externally managed real estate company. The Company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.
Financial Overview
For the fiscal year ended 31 December 2023, Great Ajax Corp revenues decreased 29% to $50.2M. Net loss applicable to common stockholders increased 72% to $48.7M. Revenues reflect Interest income decrease of 12% to $72.3M, Loss on joint venture refinancing on ben decrease of 80% to -$11M, Loss from equity method investments decrease of 7% to -$1.3M.
Reporting Currency: U.S. Dollars
Enterprise value: $1,106M as of Dec 31, 2023
Annual revenue (TTM): $50.25M as of Dec 31, 2023
EBITDA (TTM): -$42.35M as of Dec 31, 2023
Net annual income (TTM): -$48.72M as of Dec 31, 2023
Free cash flow (TTM): -$67.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: $944.48M as of Dec 31, 2023
Shares outstanding: 36,988,770 as of Apr 4, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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