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Last $6.36 USD
Change Today -0.09 / -1.40%
Volume 734.1K
RAS On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Key Developments

RAIT Financial Trust Declares Second Quarter 2015 Preferred Dividends, Payable on June 30, 2015

RAIT Financial Trust announced that on May 20, 2015, RAIT’s Board of Trustees declared a second quarter 2015 cash dividend of $0.484375 per share on RAIT’s 7.75% Series A Cumulative Redeemable Preferred Shares, $0.5234375 per share on RAIT’s 8.375% Series B Cumulative Redeemable Preferred Shares and $0.5546875 per share on RAIT’s 8.875% Series C Cumulative Redeemable Preferred Shares. The dividends will be paid on June 30, 2015 to holders of record on June 1, 2015.

RAIT Financial Trust Prices $223.0 Million Non-Recourse, Floating-Rate CMBS Transaction

RAIT Financial Trust announced the pricing of a non-recourse, floating-rate CMBS transaction collateralized by floating rate commercial real estate first lien mortgage loans, all of which were originated by subsidiaries of RAIT. The transaction involves the issuance and sale by a RAIT subsidiary of investment grade notes totaling approximately $181.2 million with a weighted average cost of LIBOR plus 1.84%, which provides an advance rate to the RAIT subsidiary of approximately 81.2%. RAIT affiliates will retain all of the below investment grade and un-rated subordinated interests totaling approximately $41.8 million. RAIT expects the transaction to close on May 22, 2015, subject to customary closing conditions. RAIT is entering into the transaction to obtain non-recourse, matched-term financing for the loans serving as collateral. RAIT expects to earn a high teens return on its retained interest in the affiliated issuing entity, inclusive of fees less transaction expenses, assuming all of the underlying loans are repaid at their stated maturity and not prepaid, in default or sold.

RAIT Financial Trust Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

RAIT Financial Trust reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $75,897,000 against $67,308,000 a year ago. Operating loss was $3,247,000 against operating income of $11,822,000 a year ago. Income before taxes and discontinued operations was $848,000 against loss before taxes and discontinued operations of $7,662,000 a year ago. Net loss allocable to common shares was $7,097,000 or $0.09 per diluted share against $14,587,000 or $0.18 per diluted share a year ago. Book value per share as of March 31, 2015 was $4.32. Adjusted book value per share as of March 31, 2015 was $6.22. Funds from operations were $4,101,000 or $0.05 per share against funds used in operations of $5,447,000 or $0.07 per share a year ago.

RAIT Financial Trust to Report Q1, 2015 Results on Apr 30, 2015

RAIT Financial Trust announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 30, 2015

RAIT Financial Trust, Q1 2015 Earnings Call, Apr 30, 2015

RAIT Financial Trust, Q1 2015 Earnings Call, Apr 30, 2015

 

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RAS:US $6.36 USD -0.09

RAS Competitors

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Company Last Change
American Capital Mortgage Investment Corp $17.47 USD +0.04
Apollo Residential Mortgage Inc $15.92 USD +0.03
iStar Financial Inc $14.21 USD -0.14
New York Mortgage Trust Inc $7.92 USD -0.02
Western Asset Mortgage Capital Corp $15.20 USD -0.03
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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