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Great Ajax Priced, NYSE: AJX

Recently-formed REIT focusing on re-performing and non-performing mortgages.

Industry: Financials

First Day Return: -1.8%

Industry: Financials

Great Ajax Corp. focuses primarily on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and, to a lesser extent, of single-family properties themselves. We also invest in loans secured by multi-family residential and commercial mixed use retail/residential properties, as well as in the properties directly. The multi-family and commercial mixed-use properties generally have loan values (of up to approximately $5 million.
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Great Ajax (AJX) Performance