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Last $6.24 USD
Change Today -0.09 / -1.42%
Volume 198.9K
RAS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 10:54 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Snapshot

Open
$6.36
Previous Close
$6.33
Day High
$6.42
Day Low
$6.19
52 Week High
07/1/14 - $8.43
52 Week Low
06/16/15 - $6.19
Market Cap
516.4M
Average Volume 10 Days
651.7K
EPS TTM
$-3.79
Shares Outstanding
82.9M
EX-Date
07/8/15
P/E TM
--
Dividend
$0.72
Dividend Yield
11.58%
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 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.

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.

 

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RAS:US $6.23 USD -0.10

RAS Competitors

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Company Last Change
American Capital Mortgage Investment Corp $16.17 USD +0.17
Apollo Residential Mortgage Inc $14.79 USD +0.03
iStar Financial Inc $13.36 USD +0.025
New York Mortgage Trust Inc $7.56 USD +0.055
Western Asset Mortgage Capital Corp $14.87 USD +0.1351
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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