Exhibit 99.1 
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GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER
ENDED DECEMBER 31, 2018
 
Fourth Quarter Highlights
Purchased $63.3 million of re-performing mortgage loans ("RPLs") and $4.0 million of non-performing mortgage loans ("NPLs") with an unpaid principal balance (“UPB”) of $71.0 million and $4.3 million, respectively, and underlying collateral values of $102.8 million and $6.0 million, respectively; and originated $1.6 million of small-balance commercial mortgage loans ("SBCs")
Formed $586.2 million of joint ventures and retained $126.5 million of varying classes of related securities to end the quarter with $168.9 million of investments in debt securities and beneficial interests issued by these joint ventures
Acquired four commercial properties for $9.5 million
Gross interest income of $28.5 million; net interest income of $13.4 million before impairments
Net income attributable to common stockholders of $6.6 million
Basic earnings per share (“EPS”) of $0.35
Taxable income of $0.23 per share
Book value per share of $15.59 at December 31, 2018
Collected $57.1 million of cash from our portfolio and held $55.1 million of cash and cash equivalents at December 31, 2018

New York, NY—March 5, 2019 —Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces its results of operations for the quarter ended December 31, 2018. We focus primarily on acquiring, investing in and managing a portfolio of RPLs secured by single-family residences and commercial properties and, to a lesser extent, NPLs. In addition to our continued focus on residential RPLs, we also originate and acquire SBCs secured by multi-family retail/residential mixed use properties and acquire multi-family retail/residential mixed use and commercial properties.
 



The following information was filed by Great Ajax Corp. (AJX) on Tuesday, March 5, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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