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Last $5.16 USD
Change Today +0.13 / 2.58%
Volume 746.2K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Snapshot

Open
$5.04
Previous Close
$5.03
Day High
$5.21
Day Low
$4.99
52 Week High
09/8/14 - $8.16
52 Week Low
08/25/15 - $4.83
Market Cap
469.0M
Average Volume 10 Days
777.9K
EPS TTM
$-3.26
Shares Outstanding
90.9M
EX-Date
07/8/15
P/E TM
--
Dividend
$0.72
Dividend Yield
13.95%
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 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

 

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RAS:US $5.16 USD +0.13

RAS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AG Mortgage Investment Trust Inc $16.56 USD -0.06
iStar Inc $12.45 USD +0.09
New York Mortgage Trust Inc $6.58 USD -0.02
Newcastle Investment Corp $4.93 USD -0.04
Redwood Trust Inc $14.75 USD -0.14
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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To contact RAIT FINANCIAL TRUST, please visit www.raitft.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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