Great Ajax Corp (AJX) Misses Q1 EPS

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Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2020

May 5, 2020 4:05 PM EDT

First Quarter Highlights

Formed a joint venture that acquired $184.8 million in unpaid principal balance (UPB) of mortgage loans with collateral values of $292.9 million and an aggregate purchase price of $170.4 million. As of March 31, 2020, the joint venture was prefunded with $132.6 million of cash for additional loan purchases of which 677 re-performing mortgage loans ("RPLs") with UPB of $123.2 million closed in April for a purchase price of $114.0 million. We retained $61.3 million of varying classes of related securities issued by the joint venture to end the quarter with $312.1 million of investments in debt securities and beneficial interests Purchased $0.2... More