Great Ajax

Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.

Earnings data Q1 2024

AJX reports strong Q1 earnings, anticipates increase in market velocity

AJX reported strong net interest income and highlighted low leverage. The company's strategic advantage lies in the affiliated servicer Gregory Funding, and they anticipate an increase in market velocity. However, challenges exist in managing the potential increase in delinquency and default in the commercial real estate loan market. Despite this, AJX sees opportunities in the market's potential increase in velocity and the performance of non-performing loans.

AJX reports strong Q2 performance with robust cash position

AJX's Q2 2023 earnings call highlighted strong loan performance, robust cash position, and positive interest income. While challenges in managing leverage ratio and sustaining interest income performance exist, the company has opportunities for strategic investments and further growth through its economic interests.

Great Ajax Corporation faces loan performance challenges, explores strategic alternatives

Great Ajax Corporation faced challenges in loan performance and net income, leading to a reduction in dividend. However, the company maintains a strong cash position and is exploring strategic alternatives. The ongoing review process presents opportunities for potential restructuring or partnerships.

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Great Ajax Corp. is a real estate investment trust company, which engages in acquiring, investing in, and managing mortgage loans secured by single-family residences and, to a lesser extent, single-family properties themselves. It also invests in loans secured by multi-family residential and smaller commercial. The company was founded on January 30, 2014 and is headquartered in Tigard, OR.

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the “Meeting”) to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the “Transaction”) by and between the Company and Rithm Capital Corp. (together with its subsidiaries, “Rithm”). At the Meeting, the.

Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

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After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.

Losers Of REIT Earnings Season

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended December 31, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire s.

Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2023

Rithm Capital Corp

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, announced today that they have entered into a strategic transaction. As part of the strategic transaction, Great Ajax has entered into a one-year term loan agreement with a subsidiary of Rithm for up to $70 million. Great Ajax plans to use borrowings under the term loan,.

Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

Great Ajax Corp. (NYSE:AJX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen. Welcome to the Great Ajax Corporation Q3, 2023 Financial Results Conference call.

Great Ajax Corp. (AJX) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended September 30, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire.

Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2023; Provides Strategic Update

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NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the third quarter 2023 on Thursday, November 2, 2023 at approximately 4:05 p.m. ET. In conjunction with the release, Great Ajax will host a conference call at 5:00 p.m. ET on Thursday, November 2, 2023 to review its financial results for the third quarter 2023. A live webcast of this conference call will be a.

Great Ajax Corp. Schedules Its Third Quarter 2023 Financial Results Release For Thursday, November 2, 2023

OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("Ellington Financial"), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE: AJX) (“Great Ajax”), a real estate investment trust that invests primarily in residential mortgage loans, jointly announced today they have agreed to terminate the merger agreement announced on July 3, 2023, effective immediat.

Ellington Financial and Great Ajax Corp. Announce Mutual Termination of Merger Agreement

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Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many private equity funds and non-traded REITs were not designed for a period of sustained 5%+ rates or double-digit declines in property values. "Hope" is the only strategy for some highly-levered property owners amid a dearth of buying interest and dwindling refinancing options. CRE transactions and capital market activity has dipped to GFC-era-lows.

REITs Are Historically Cheap

Great Ajax Corp. (NYSE:AJX ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn – Chief Executive Officer Conference Call Participants Operator Good afternoon. My name is Rob, and I will be your conference operator today.

Great Ajax Corp. (AJX) Q2 2023 Earnings Call Transcript

Great Ajax (AJX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.25 per share a year ago.

Great Ajax (AJX) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended June 30, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire small.

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2023

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the second quarter 2023 on Thursday, August 3, 2023 at approximately 4:05 p.m. ET. In conjunction with the release, Great Ajax will host a conference call at 5:00 p.m. ET on Thursday, August 3, 2023 to review its financial results for the second quarter 2023. A live webcast of this conference call will be ava.

Great Ajax Corp. Schedules Its Second Quarter 2023 Financial Results Release For Thursday, August 3, 2023

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U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Great Ajax Corp. (NYSE: AJX) to Ellington Financial Inc. (NYSE: EFC). Under the terms of the proposed transaction, shareholders of Great Ajax will receive 0.5308 shares of Ellington for each share of Great Ajax that they own, subject to potential adjustment and payment of contingent cash consideration. KSF is.

GREAT AJAX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Great Ajax Corp. - AJX

The company is being bought out by a peer. The all-stock deal shakes out to a premium of 19% for Great Ajax shareholders.

Why Great Ajax Stock Was Surging This Week

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Great Ajax Corp. (NYSE: AJX) to Ellington Financial Inc. is fair to Great Ajax shareholders. Pursuant to the merger agreement, each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock. Upon the closing of the transaction, Great Ajax stockholders are expected to own approximately 16% of the combined company's stock. Halper Sadeh enco.

AJX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Great Ajax Corp. Is Fair to Shareholders

MILWAUKEE , July 3, 2023 /PRNewswire/ -- Ademi LLP is investigating Great Ajax (NYSE: AJX) for possible breaches of fiduciary duty and other violations of law in its private placement and its transaction with Ellington Financial.  Click here to learn how to join the action https://www.ademilaw.com/case/great-ajax-corp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Great Ajax Corp. has obtained a Fair Price in its Private Placement and its transaction with Ellington Financial

Great Ajax Corp. AJX, +2.00% stock is rallying 9% in premarket trades Monday after it agreed to be acquired by Ellington Financial Inc. EFC, +0.44% for about $173 million in stock. Ellington Financial said each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock, or approximately 12.5 million shares of Ellington Financial common stock valued at about $172.5 million.

Great Ajax stock rallies after Ellington Financial agrees to buy it at a premium in REIT merger

OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE: AJX) (“Great Ajax”), a real estate investment trust that invests primarily in residential mortgage loans, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acq.

Ellington Financial and Great Ajax Corp. Announce Definitive Merger Agreement

Great Ajax Corp. specializes in purchasing of poor-quality mortgage loans and making them perform - a strategy that may perform well during an economic recovery. AJX's earnings are most likely to recover due to favorable economic environment, strong mortgage pipeline, and an anticipated dip in funding cost. I'm expecting AJX to report earnings growth in another 12 to 18 months and continue to offer a double-digit yield along with a steady quarterly pay-out.

Great Ajax: An Otherwise Unimpressive High-Yielding mREIT Poised For Recovery

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