Financial Performance - GAAP net loss for Q2 2024 was $(12.7) million, or $(0.32) per diluted common share, an improvement from a net loss of $(74.3) million, or $(2.41) per diluted common share in Q1 2024[3][4] - Earnings available for distribution were $(9.6) million, or $(0.24) per diluted common share, compared to $(4.8) million, or $(0.16) per diluted common share in the previous quarter[3][4] - As of June 30, 2024, the net consolidated loss attributable to common stockholders was $12.742 million, compared to a loss of $74.319 million for the quarter ended March 31, 2024[17] - Earnings available for distribution for the quarter ended June 30, 2024, was $9.598 million, with a basic and diluted earnings per share of $0.24[28] Asset and Liability Management - Total assets decreased to $911.5 million from $1.3 billion at the end of 2023, primarily due to the net loss and equity issuance[14] - Total liabilities decreased to $657.0 million from $1.0 billion at the end of 2023, reflecting the company's strategic adjustments[14] - The balance for mortgage loans held-for-sale, net, was $487.3 million as of June 30, 2024, compared to $628.6 million as of December 31, 2023[1] Investment and Securities - The company reported a net unrealized loss of $9.5 million on investments in securities available for sale (AFS) as of June 30, 2024, compared to a loss of $8.0 million as of December 31, 2023[4] - The allowance for expected credit losses on investments in beneficial interests increased to $9.1 million as of June 30, 2024, from $6.9 million as of December 31, 2023[6] - The company transferred certain investments in securities AFS to held to maturity (HTM) on January 1, 2023, with a remaining discount of $4.4 million related to unamortized unrealized loss in accumulated other comprehensive income (AOCI) as of June 30, 2024[5] - The company reported zero allowance for expected credit losses on mortgage loans held-for-investment as of June 30, 2024, down from $3.4 million as of December 31, 2023[1] Dividends and Shareholder Returns - Common dividend declared was $2.2 million, or $0.06 per common share, down from $3.7 million, or $0.10 per common share in Q1 2024[3][4] Strategic Transactions - The company completed a strategic transaction with Rithm Capital, transitioning to a focus on commercial real estate and terminating the previous management agreement[7] - The company sold loans with an unpaid principal balance of approximately $305 million, generating net proceeds of about $45.1 million[7] - The company entered into a $70.0 million term loan with NIC RMBS LLC, which remains undrawn[7] - The company expects to leverage Rithm's operating platform to enhance its investment strategy and create shareholder value[7] Real Estate and Valuation - Real estate owned properties, net, included valuation allowances of $1.7 million as of June 30, 2024, compared to $1.2 million as of December 31, 2023[3] - Non-controlling interests included $0.8 million from a 50.0% owned joint venture as of June 30, 2024, consistent with the balance as of December 31, 2023[8] - The company had secured borrowings net of deferred issuance costs of $1.7 million as of June 30, 2024, down from $3.1 million as of December 31, 2023[7] Book Value - Book value per common share decreased to $5.56 from $6.87 in Q1 2024, with total book value at $253.6 million[3][4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction Maryland 46-5211870 ...

Exhibit 99.1 GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, 2024 First Quarter Highlights • Interest income of $15.7 million; net interest income of $1.6 million • Net loss attributable to common stockholders of $(74.3) million • Operating loss of $(4.8) million or $(0.16) per common share • Earnings per share ("EPS") per basic common share was a loss of $(2.41) of which $(0.50) per basic common share relates to the accrual of the manager termination fee • Taxable loss of $(0.67) per sha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (E ...

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 small-balance ...

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, as well as ...

Exhibit 99.1 GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2023 Fourth Quarter Highlights New York, NY—February 26, 2024 —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 c ...

Third Quarter Investor Presentation Safe Harbor Disclosure  We make forward‐looking statements in this presentation that are subject to risks and uncertainties. These forward‐looking statements include information about possible or future results ...

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. At this time, all participants are in a listen only mode and please be advised that this call is being recorded. Now, at this time, I'll turn things over ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction Maryland 46-5211 ...