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Last $7.61 USD
Change Today +0.06 / 0.79%
Volume 3.0K
As of 12:56 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$7.55
Previous Close
$7.55
Day High
$7.61
Day Low
$7.55
52 Week High
10/31/14 - $9.66
52 Week Low
08/13/15 - $6.70
Market Cap
171.4M
Average Volume 10 Days
26.0K
EPS TTM
$0.24
Shares Outstanding
22.5M
EX-Date
07/15/15
P/E TM
31.3x
Dividend
$0.24
Dividend Yield
3.15%
Current Stock Chart for RESOURCE AMERICA INC-CL A (REXI)

resource america inc-cl a (REXI) Related Businessweek News

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resource america inc-cl a (REXI) Details

Resource America, Inc. operates as an asset management company. The company, through its subsidiaries, operates in three segments: Financial Fund Management; Real Estate; and Equipment Finance. The Financial Fund Management segment engages in the formation and collateral management of structured financial products and of issuers of collateralized debt obligations, such as trust preferred securities, asset backed securities, leveraged loans, private equity, commercial mortgage backed securities, residential mortgage backed securities, collateralized debt obligations, and home equity loans. The Real Estate segment focuses on the acquisition of multifamily properties on behalf of the limited partnership investment funds it sponsors. The Equipment Finance segment offers small ticket equipment leases to the small to mid-sized business market through the formation of strategic marketing alliances. Resource America, Inc. was founded in 1966 and is based in Philadelphia, Pennsylvania.

743 Employees
Last Reported Date: 08/10/15
Founded in 1966

resource america inc-cl a (REXI) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $600.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $986.8K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $1.0M
Senior Vice President, Managing Director of R...
Total Annual Compensation: $1.2M
Executive Vice President and Senior Counsel
Total Annual Compensation: $986.8K
Compensation as of Fiscal Year 2014.

resource america inc-cl a (REXI) Key Developments

Resource America, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Resource America, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $45,996,000 against $42,335,000 a year ago. Operating loss was $25,837,000 against operating income of $11,759,000 a year ago. Loss from continuing operations before taxes was $19,866,000 against income $21,942,000 a year ago. Net loss attributable to common shareholders was $1,652,000 against net income attributable to common shareholders of $2,718,000 a year ago. Basic and diluted loss per share was $0.07 against diluted earnings per share of $0.12 a year ago. Adjusted net income attributable to common shareholders was $3,368,000 or $0.15 per diluted share against $4,615,000 or $0.21 per diluted share a year ago. When adjusted for items that are impacted by the consolidation of RSO, company's net income on a stand-alone basis was $201,000 or $0.01 per common share diluted for the second quarter ended June 30, 2015. For the six months, the company reported revenues of $88,185,000 against $84,951,000 a year ago. Operating loss was $20,564,000 against operating income of $27,729,000 a year ago. Income from continuing operations before taxes was $1,349,000 against $41,128,000 a year ago. Net loss attributable to common shareholders was $1,315,000 against net income attributable to common shareholders of $3,708,000 a year ago. Basic and diluted loss per share was $0.06 against diluted earnings per share of $0.17 a year ago. Adjusted net income attributable to common shareholders was $5,688,000 or $0.25 per diluted share against $6,946,000 or $0.32 per diluted share a year ago. The company earned $10.5 million of adjusted cash earnings. As of June 30, 2015, the company's GAAP book value per common share was $7.28.

Resource America, Inc. and Pearlmark Real Estate Partners, L.L.C. Announce Formation of a Joint Venture

Resource America, Inc. announced the formation of Pearlmark Real Estate, L.L.C., a 50/50 joint venture between the company and the principals of Pearlmark Real Estate Partners, L.L.C. (PREP).

Resource America, Inc. Announces Quarterly Cash Dividend, Payable on July 31, 2015

Resource America, Inc. announced that its Board of Directors has authorized the payment of a cash dividend on July 31, 2015 in the amount of $0.06 per share of the company's common stock to all holders of record at the close of business on July 17, 2015.

 

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Industry Analysis

REXI

Industry Average

Valuation REXI Industry Range
Price/Earnings 88.6x
Price/Sales 1.0x
Price/Book 1.0x
Price/Cash Flow 44.5x
TEV/Sales NM Not Meaningful
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