Axos Fights Back Against Short Seller's 'Evergreening' Allegations
Axos Fights Back Against Short Seller's 'Evergreening' Allegations
Axos Financial, Inc. (NYSE:AX) responded to Hindenburg Research's short report, stating the short seller made a series of misleading, incomplete and false allegations.
Axos Financial公司（紐交所：AX）回應Hindenburg Research的做空報告，稱做空方提出了一系列具有誤導性、不完整和虛假的指控。
The company said in a Tuesday SEC filing that its last earnings call provided a detailed credit update, and there have been no material changes in credit performance since then.
該公司在週二提交給美國證券交易委員會的文件中表示，上次的業績會提供了詳細的信貸更新，自那以後信貸表現沒有發生任何重大變化。
As disclosed in the investor presentation filed with the SEC on May 7, 2024, Axos' largest commercial real estate portfolio, CRE Specialty Lending, had $5.22 billion in outstanding balances as of March 31, 2024, according to the company.
根據該公司披露給美國證券交易委員會的2024年5月7日的投資者介紹，Axos最大的商業房地產投資組合CRE Specialty Lending截至2024年3月31日的未償餘額爲52.2億美元。
The company says that when collaborating with fund partners, it structures its credits to occupy the most senior secured position in these loans. This means that for Axos to incur any principal loss, the fund partners would first need to lose the entire principal value of their position.
該公司表示，與基金合作時，將結構化其貸款佔據這些貸款中最高的擔保位置。這意味着對於Axos而言，要承擔任何本金損失，基金合作方必須首先失去其持有頭寸的全部本金價值。
As per the company, the fund partners assume a significant risk of loss before it does and this structure ensures robust collateral protection for Axos, even in adverse market conditions.
據該公司透露，基金合作方在其之前承擔了重大的損失風險，而這種結構可以確保Axos在不利市場條件下具有強大的抵押品保護。
As of March 31, 2024, the weighted average LTV of the Axos CRE Specialty Portfolio is 40%.
截至2024年3月31日，Axos CRE Specialty Portfolio的加權平均貸款價值比爲40%。
On Tuesday, Hindenburg alleged that a former Axos credit review officer detailed the practice of loan "evergreening," or providing loans to non-performing or doubtful borrowers to avoid recognizing problems, per litigation records.
週二，Hindenburg聲稱一名前Axos信貸審查官詳細描述了貸款“永續”或向不良或可疑借款人提供貸款以避免出現問題的做法，根據訴訟記錄。
Hindenburg said Axos' seemingly favorable credit metrics suggest potential manipulation or distortion, with disclosed loan-to-value ratios in commercial real estate reported to be 17% lower than the median average of nine of its peers.
Hindenburg稱，Axos表面上良好的信貸指標暗示着潛在的操縱或扭曲，披露的商業房地產貸款價值比報告比其九個同行業的同行中位數平均值低17%。
Investors can gain exposure to the stock via The Acquirers Fund (NYSE:ZIG) and WisdomTree U.S. SmallCap Fund (NYSE:EES).
投資者可以通過The Acquirers Fund (NYSE:ZIG)和WisdomTree SmallCap Earnings Fund (NYSE:EES)獲得該股的收益。
AX Price Action: AX shares were up 2.89% at $51.70 at the time of writing Wednesday.
AX股票價格走勢：截至週三，AX股票價格上漲2.89％，報51.70美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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譯文內容由第三人軟體翻譯。