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AJX| Name | Value |
|---|---|
| Revenues | 0.5M |
| Cost of Revenue | 1.9M |
| Gross Profit | -1.3M |
| Operating Expense | 0.9M |
| Operating I/L | -22.2M |
| Other Income/Expense | 14.9M |
| Interest Income | 18.5M |
| Pretax | -7.3M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -7.4M |
Great Ajax Corp. is a real estate company that acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired through foreclosure or outright purchases. Additionally, it acquires and originates small balance commercial loans secured by multi-family residential and commercial mixed-use properties, and invests in single-family and smaller commercial properties through foreclosure events or direct acquisitions. Great Ajax Corp. elected to be taxed as a real estate investment trust, allowing it to avoid federal corporate income taxes by distributing at least 90% of its taxable income to stockholders.
