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Last $6.49 USD
Change Today +0.06 / 0.93%
Volume 8.3K
As of 9:35 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Snapshot

Open
$6.42
Previous Close
$6.48
Day High
$6.49
Day Low
$6.39
52 Week High
07/1/14 - $8.43
52 Week Low
05/1/15 - $6.21
Market Cap
537.4M
Average Volume 10 Days
601.3K
EPS TTM
$-3.79
Shares Outstanding
82.8M
EX-Date
04/8/15
P/E TM
--
Dividend
$0.72
Dividend Yield
11.18%
Current Stock Chart for RAIT FINANCIAL TRUST (RAS)

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rait financial trust (RAS) Details

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. It also offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services. In addition, RAIT Financial Trust owns and manages a portfolio of commercial real estate properties, and manages real estate-related assets for third parties. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. RAIT Investment Trust was founded in 1997 and is based in Philadelphia, Pennsylvania.

794 Employees
Last Reported Date: 03/17/15
Founded in 1997

rait financial trust (RAS) Top Compensated Officers

Chairman of the Board of Trustees and Chief E...
Total Annual Compensation: $1.7M
President
Total Annual Compensation: $1.5M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $625.0K
Chief Operating Officer and Secretary
Total Annual Compensation: $480.0K
Executive Vice President of Portfolio & Risk ...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

rait financial trust (RAS) Key Developments

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 Seeks Acquisitions

RAIT Financial Trust (NYSE:RAS) is looking for acquisitions. Scott Schaeffer, Chief Executive Officer of RAIT Financial Trust states, "We are always looking at opportunities to acquire assets and companies that could help us. But I have to tell you that I believe that our platform is very strong. We have good leadership at the top of each division and each division is easily scalable. So as the portfolio sits today and the different property types that we own and manage, I feel that the platform as it is is well positioned to continue to grow and take advantage of those portfolios."

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

 

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RAS:US $6.49 USD +0.06

RAS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AG Mortgage Investment Trust Inc $19.36 USD +0.08
American Capital Mortgage Investment Corp $17.60 USD -0.02
Apollo Residential Mortgage Inc $15.90 USD -0.04
iStar Financial Inc $13.79 USD +0.06
New York Mortgage Trust Inc $7.87 USD +0.01
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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