Great Ajax Corp. is a publicly traded real estate investment trust (REIT) that specializes in acquiring and managing a diverse portfolio of residential mortgage and other real estate-related assets. The company is based in Beaverton, Oregon and was founded in 2014.
Great Ajax's primary business segments include acquiring and managing single-family homes and other residential properties that have been foreclosed upon or are in danger of foreclosure. The company also invests in non-performing and re-performing loans, which are loans that are past due on their payments.
One of the key strengths of Great Ajax is their expertise in managing distressed mortgage and real estate assets. The company has a team of experienced professionals who have a deep understanding of the real estate market, as well as the legal and regulatory environment in which the company operates. This expertise has allowed Great Ajax to identify attractive investment opportunities and generate strong returns for its investors.
In addition to their expertise in managing distressed assets, Great Ajax also places a strong emphasis on risk management. The company's investment strategy is designed to minimize risk by diversifying its portfolio across different asset classes, geographic regions, and borrower types. This approach has allowed Great Ajax to achieve strong returns while minimizing the potential for losses.
Financially, Great Ajax has a strong track record of growth and profitability. The company reported revenue of $153.3 million in 2020, representing a 7.4% increase over the previous year. Net income for the same period was $38.3 million, an increase of 14.1% over the previous year.
Great Ajax Corp. is a leading real estate investment trust that specializes in acquiring and managing distressed mortgage and real estate assets. The company's expertise in managing these assets, commitment to risk management, and strong financial performance make them an attractive investment option for those seeking exposure to the real estate market. With their extensive experience and investment in R&D, Great Ajax is well-positioned to continue to grow and succeed in the years ahead.