Exhibit 99.2

Second Quarter 2016 Investor Presentation August 2 , 2016

Safe Harbor Disclosure 2 □ We make forward - looking statements in this presentation that are subject to risks and uncertainties. These forward - looking statements include information about possible or assumed future results of our business, financial condition, liquidity, resu lts of operations, cash flow and plans and objectives. When we use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may” or similar expressions, we intend to identify forward - looking statements. □ Statements regarding the following subjects, among others, may be forward - looking: market trends in our industry, interest rates, real estate values, the debt financing markets or the general economy or the demand for residential real estate loans; our business and investment strategy; our projected operating results; actions and initiatives of the U.S. government and changes to U.S. government policies and the execution and impact of these actions, initiatives and policies; the state of the U.S. economy generally or in specific geographic regions; economic trends and economic recoveries; our ability to obtain and maintain financing arrangements; changes in the value of our mortgage portfolio; changes to our portfolio of properties; impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; our ability to satisfy the REIT qualification requirements for U.S. federal income tax purposes; availability of qualified personnel; estima tes relating to our ability to make distributions to our stockholders in the future; general volatility of the capital markets an d t he market price of our shares of common stock; and degree and nature of our competition. □ The forward - looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Forward - looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known t o us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward - looking statements. Furthermore, forward - looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10 - K for the year ended December 31, 2015, which can be accessed through the link to our SEC filings on our website ( www.great - ajax.com ) or at the SEC's website ( www.sec.gov ). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10 - Q, 10 - K and 8 - K. Any forward - looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward - looking statements, whether as a result of new information, future events or otherwise. Unless stated otherwise, financial information included in this presentation is as of June 30, 20 16.

Business Overview 3 □ Leverage long - standing relationships to acquire loans through privately negotiated transactions from a diverse group of customers – Over 90% of acquisitions by Great Ajax Corp. have been privately negotiated – Acquisitions made in 154 transactions since inception. 12 transactions in Q2 2016. □ Use our manager’s proprietary analytics to price each pool on an asset - by - asset basis □ Adjust individual loan bid price to accumulate clusters of loans in attractive demographic metropolitan areas – Typical acquisitions contain 25 – 100 loans with total market value between $5 – $20 million □ Our affiliated servicer services the loans asset - by - asset and borrower - by - borrower □ Objective is to maximize returns for each asset by utilizing full menu of loss mitigation and asset optimization techniques □ Use moderate non - mark - to - market leverage – Corporate leverage of 1.62x – Six securitizations since inception totaling $695.9 million of loan UPB. Approximate leverage of 2.89x from the sale of senior bonds

Highlights – Quarter Ended June 30, 2016 4 □ Invested $52.1 million in re - performing loans with an aggregate UPB of $70.3 million to end the quarter with $630.5 million in mortgage loans. □ RPLs constitute 88% of the portfolio □ Portfolio interest income of $16.4 million; net interest income of $10.3 million . □ RPL redefault rate is significantly less than expected □ Net income attributable to common stockholders of $6.6 million . □ EPS of $0.42 per diluted share for the three months ended June 30, 2016 . □ Taxable net income for the three months ended June 30, 2016 of $0.17 per diluted share. □ Raised $98.7 million, net, in secured borrowings and $32.0 million in a public equity offering. □ $ 68.4 million of cash and cash equivalents at June 30, 2016 . □ Book value per share of $14.94 at June 30, 2016.

Portfolio Overview – as of June 30, 2016 5 $805.6 MM $936.8MM 88% 12% Unpaid Principal Balance RPL NPL 87.2% 10.5% 2.3% Property Value RPL NPL REO

Portfolio Growth 6 $64 $481 $617 $712 $118 $111 $93 0 100 200 300 400 500 600 700 800 900 Initial Assets (07/08/14) 6/30/2015 12/31/2015 6/30/2016 Millions NPLs RPLs Unpaid Principal Balance

Portfolio Growth 7 Re - performing Loans $64 $481 $617 $712 $73 $541 $710 $817 $49 $375 $469 $543 0 100 200 300 400 500 600 700 800 900 Initial Assets (07/08/14) 6/30/2015 12/31/2015 6/30/2016 Millions UPB Property Value Price

Portfolio Growth 8 $118 $111 $93 $122 $117 $99 $66 $68 $58 0 20 40 60 80 100 120 140 Initial Assets (07/08/14) 6/30/2015 12/31/2015 6/30/2016 Millions UPB Property Value Price Non - performing Loans

Portfolio Concentrated in Attractive Markets 9 □ Clusters of loans in attractive, densely populated markets □ Stable liquidity and home prices □ Over 80% of the portfolio in our target markets Target States Target Markets Los Angeles San Diego Dallas Portland Phoenix Washington DC Metro Area Chicago Atlanta Orlando Tampa Miami, Ft. Lauderdale, W. Palm Beach New York / New Jersey Metro Area Las Vegas REIT, Servicer & Manager Headquarters Property Management Business Management

Building Net Asset Value 10 This illustration has not been prepared in accordance with GAAP and is not intended to constitute a non - GAAP financial measure, but rather an additional tool for investors to consider. In evaluating our financial results, management regularly considers the following analysis, which is intended to arrive at a “ne t asset value” equivalent. Based on the leverage from the six securitizations, securitization investors value our loan portfolio at between $1 8.61 and $18.23 per share. As shown below, at June 30, 2016, if we were to lever our whole loan portfolio through a securitization, the face value of th e e quity tranche would be approximately $209.4MM under scenario 1 where the senior attachment point is 64% (similar to our two most recent sec uri tizations) and $217.5 MM under scenario 2 where the senior attachment point is 63% (similar to a previous securitization). Given that our securitization investors currently value the equity tranche at between 30% - 50%, using the average 40%, the value of our equity tranche would be $83.8MM under scenario 1, which is $68.2MM or $3.68 per share over the remaining basis of $15.5MM. Our current book value per share is $14.94. By contrast, our current NAV based on this securitization analysis would be the sum of $14.94 and $3.68, or $18.61 per share. Entire Portfolio 6/30/2016 UPB $805,571,346 Price $600,418,042 Book Value / Share $14.94 Leverage (Bond Face/UPB) Bond Face Value Bond Price Net Proceeds Equity Basis Implied value/Share Implied NAV Per Share Senior 64% $515,565,661.17 98.8% $509,282,205 B1 5% $40,278,567.28 97.7% $39,347,125 B2 5% $40,278,567.28 90% $36,250,711 Equity-Trust Certificate $209,448,550 40% $83,779,420 $15,538,001 $3.68 $18.61 Leverage (Bond Face/UPB) Bond Face Value Bond Price Net Proceeds Equity Basis Implied value/Share Implied NAV Per Share Senior 63% $507,509,947.72 98.3% $498,988,500 B1 5% $40,278,567.28 97.7% $39,347,125 B2 5% $40,278,567.28 90% $36,250,711 Equity-Trust Certificate $217,504,263 40% $87,001,705.32 $25,831,706 $3.29 $18.23

Subsequent Events 11 * While these acquisitions are expected to close , there can be no assurance that these acquisitions will close or that the terms thereof may not change. □ July Acquisitions □ RPL □ Residential □ UPB: $148.6MM □ Collateral Value: $210.0MM □ Price/UPB: 83.6% □ Price/Collateral Value: 59.1% □ 880 loans in 4 transactions □ Pending Acquisitions* □ RPL □ UPB: $ 124.0 MM □ Collateral Value: $ 171.0 MM □ Price/UPB: 82.6 % □ Price/Collateral Value: 59.9% □ 626 loans in 8 transactions A dividend of $0.25 per share will be paid on August 31, 2016 to stockholders of record as of August 16, 2016. □ Small - Balance Commercial □ UPB: $0.7MM □ Collateral Value: $1.2MM □ Price/UPB: 90.6% □ Price/Collateral Value: 50.4% □ 2 loans in 1 transaction

Consolidated Statements of Income 12 (Dollars in thousands except share and per share amounts) (Unaudited) Three months ended Six months endedJune 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 INCOME: Loan interest income 16,378$ 10,793$ 32,192$ 17,677$ Interest expense (6,063) (2,269) (11,050) (3,344) Net interest income 10,315 8,524 21,142 14,333 Income from investment in Manager 46 64 90 104 Other income 327 222 867 406 Total income 10,688 8,810 22,099 14,843 EXPENSE: Related party expense - management fee 937 856 1,843 1,603 Related party expense - loan servicing fees 1,453 851 2,856 1,507 Loan transaction expense 574 729 787 989 Professional fees 407 356 821 741 Real estate operating expenses 113 54 275 64 Other expense 317 289 670 449 Total expense 3,801 3,135 7,252 5,353 Income before provision for income tax 6,887 5,675 14,847 9,490 Provision for income tax 26 16 23 16 Consolidated net income 6,861 5,659 14,824 9,474 256 223 568 398 6,605$ 5,436$ 14,256$ 9,076$ Basic earnings per common share 0.42$ 0.36$ 0.92$ 0.64$ Diluted earnings per common share 0.42$ 0.36$ 0.92$ 0.64$ Weighted average shares - basic 15,742,932 15,237,739 15,524,725 14,129,162 Weighted average shares - diluted 16,389,126 15,909,634 16,174,164 14,801,319 Less: consolidated net income attributable to the noncontrolling interest Consolidated net income attributable to common stockholders

Consolidated Balance Sheets 13 (1) Mortgage loans includes $504,885 and $398,696 of loans transferred to securitization trusts at June 30, 2016 and December 31, 2015, re spe ctively, that are variable interest entities (“VIEs”) that can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that ca n o nly be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). (2) Net book value per diluted share was $14.94 and $14.92 at June 30, 2016 and December 31, 2015, respectively. (Dollars in thousands except share and per share amounts) (unaudited) ASSETS June 30, 2016 December 31, 2015 Cash and cash equivalents 68,359$ 30,795$ Cash held in trust 382 39 Mortgage loans, net (1) 630,534 554,877 Property held-for-sale 16,551 10,333 Rental property, net 760 58 Receivable from servicer 6,949 5,444 Investment in affiliate 3,900 2,625 Prepaid expenses and other assets 2,320 5,634 Total Assets 729,755$ 609,805$ LIABILITIES AND EQUITY Liabilities: Secured borrowings (1) 346,070$ 265,006$ Borrowings under repurchase agreement 102,240 104,533 Management fee payable 703 667 Accrued expenses and other liabilities 3,443 1,786 Total liabilities 452,456 371,992 Equity: - - Common stock $.01 par value; 125,000,000 shares authorized, 17,924,523 and 15,301,946 shares issued and outstanding 179 152 Additional paid-in capital 244,180 211,729 Retained earnings 22,666 15,921 Equity attributable to common stockholders 267,025 227,802 Noncontrolling interests 10,274 10,011 Total equity 277,299 237,813 Total Liabilities and Equity 729,755$ 609,805$ Preferred stock $.01 par value; 25,000,000 shares authorized, none issued or outstanding