Entering text into the input field will update the search result below

Great Ajax Corp. (AJX) CEO Lawrence Mendelsohn on Q1 2020 Results - Earnings Call Transcript

May 10, 2020 4:18 AM ETGreat Ajax Corp. (AJX), AJXA
SA Transcripts profile picture
SA Transcripts

Great Ajax Corp. (NYSE:AJX) Q1 2020 Earnings Conference Call May 5, 2020 5:00 PM ET

Company Participants

Lawrence Mendelsohn - Chief Executive Officer

Conference Call Participants

Kevin Barker - Piper Sandler


Ladies and gentlemen, thank you for standing by, and welcome to the Great Ajax Corp First Quarter 2020 Earnings Call. [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lawrence Mendelsohn, CEO. Thank you. Please go ahead.

Lawrence Mendelsohn

Thank you very much. Thank you, everybody, for joining us on our first quarter 2020 earnings conference call. I want to point you to, on Page 2, the Safe Harbor disclosure and discussion of forward-looking statements. And with that, we can move on to Page 3 and the business overview.

Before I get into too much of the presentation, I want to do a brief introduction. First quarter of 2020 was a noisy one, predominantly because of the fixed income market conditions and the economic environment in the month of March. January and February were good net asset value-building months. In March, we navigated through the volatility, closed on joint venture loan investments that were purchased through a pre-funded securitization structure, and set ourselves up for Q2 and beyond.

And we'll discuss more about this later on the call. One thing I do want to add, though, is volatile environments like this that we've seen in the last few months really show how important it is and how strategic it is in having our directly aligned operating and loan servicing platform. And with that, I'll jump into Page 3. Our manager strength in analyzing loan characteristics and market metrics for reperformance probabilities and the pathways and its ability to source these mortgage loans in target locations through privately negotiated transactions

Recommended For You


To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.