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Last $5.39 USD
Change Today 0.00 / 0.00%
Volume 386.4K
RAS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Key Developments

RAIT Financial Trust Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

RAIT Financial Trust announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $79,413,000 against $73,256,000 a year ago. Operating income was $1,760,000 against $13,634,000 a year ago. Income before taxes and discontinued operations was $27,156,000 against loss before taxes and discontinued operations was $19,031,000 a year ago. Net income allocable to common shares was $18,956,000 or $0.23 per diluted share against net loss allocable to common shares was $25,650,000 or $0.31 per diluted share a year ago. Funds from operations were $11,921,000 or $0.15 per share against funds used in operations was $16,335,000 or $0.20 per share a year ago. The company ended the quarter with an adjusted book value of $6.27 per share. For the six months, the company reported total revenue of $155,310,000 against $140,564,000 a year ago. Operating loss was $1,487,000 against operating income was $25,456,000 a year ago. Income before taxes and discontinued operations was $28,004,000 against loss before taxes and discontinued operations was $26,693,000 a year ago. Net income allocable to common shares was $11,859,000 or $0.14 per diluted share against net loss allocable to common shares was $40,237,000 or $0.50 per diluted share a year ago. Funds from operations were $16,022,000 or $0.20 per share against funds used in operations was $21,782,000 or $0.27 per share a year ago. With respect to the company's CAD guidance, for the third quarter of 2015, the company currently expecting CAD per share of approximately $0.26 to $0.27, which includes approximately $0.06 to $0.07 of gains on the sale of real estate properties.

RAIT Financial Trust Declares Third Quarter 2015 Preferred Dividends, Payable on September 30, 2015

RAIT Financial Trust's Board of Trustees declared a third 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 September 30, 2015 to holders of record on September 1, 2015.

RAIT Financial Trust to Report Q2, 2015 Results on Jul 30, 2015

RAIT Financial Trust announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 30, 2015

RAIT Financial Trust, Q2 2015 Earnings Call, Jul 30, 2015

RAIT Financial Trust, Q2 2015 Earnings Call, Jul 30, 2015

RAIT Financial Trust Declares Dividend for Second Quarter of 2015, Payable on July 31, 2015

RAIT Financial Trust declared a second quarter 2015 cash dividend on RAIT’s common shares of $0.18 per common share. The dividend will be paid on July 31, 2015 to holders of record on July 10, 2015. The ex-dividend date is July 8, 2015.

 

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RAS Competitors

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Company Last Change
AG Mortgage Investment Trust Inc $16.12 USD -0.12
iStar Inc $12.19 USD -0.10
New York Mortgage Trust Inc $6.38 USD -0.07
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Redwood Trust Inc $14.12 USD -0.30
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Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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