Great Ajax Q2 2024 Earnings Report

Great Ajax reported financial results for the second quarter of 2024, transitioning to a flexible commercial real estate focused investment strategy.

Key Takeaways

Great Ajax Corp. announced its financial results for the quarter ended June 30, 2024. The company is transitioning to a flexible commercial real estate focused investment strategy. Michael Nierenberg, Chief Executive Officer of Rithm Capital, expressed excitement about taking over the management of Great Ajax and repositioning the portfolio to capitalize on opportunities in the commercial real estate sector.

Great Ajax will host a conference call on July 24, 2024, to review its financial results for the second quarter of 2024.

Great Ajax is transitioning to a flexible commercial real estate focused investment strategy.

The Company expects to transition to a flexible commercial real estate focused investment strategy.

Great Ajax has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties.

Total Revenue

$10.1M

Previous year: $51.1M

Previous year: $40.3M

+78.7%