Last $7.75 USD
Change Today +0.04 / 0.52%
Volume 345.9K
RAS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Snapshot

Open
$7.69
Previous Close
$7.71
Day High
$7.79
Day Low
$7.67
52 Week High
12/24/13 - $9.21
52 Week Low
10/8/13 - $6.50
Market Cap
639.4M
Average Volume 10 Days
450.0K
EPS TTM
$-2.64
Shares Outstanding
82.5M
EX-Date
10/3/14
P/E TM
--
Dividend
$0.72
Dividend Yield
8.52%
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.

394 Employees
Last Reported Date: 03/7/14
Founded in 1997

rait financial trust (RAS) Top Compensated Officers

Chairman of the Board of Trustees and Chief E...
Total Annual Compensation: $1.8M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $588.0K
Chief Operating Officer and Secretary
Total Annual Compensation: $655.0K
Executive Vice President of Portfolio & Risk ...
Total Annual Compensation: $635.0K
Compensation as of Fiscal Year 2013.

rait financial trust (RAS) Key Developments

RAIT Financial Trust Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014

RAIT Financial Trust announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $73.256 million against $58.622 million a year ago. Operating income was $13.634 million against $14.716 million a year ago. Loss before taxes and discontinued operations was $19.031 million against $61.011 million a year ago. Net loss allocable to common shares was $25.650 million or $0.31 per diluted share against $65.877 million or $0.94 per diluted share a year ago. Funds used in operations was $16.335 million or $0.20 per share against $56.501 million or $0.81 per share a year ago. Adjusted funds from operations was $16.059 million or $0.20 per share against $22.054 million or $0.32 per share a year ago. For the six months, the company reported total revenue of $140.564 million against $116.873 million a year ago. Operating income was $25.456 million against $29.098 million a year ago. Loss before taxes and discontinued operations was $26.693 million against $146.313 million a year ago. Net loss allocable to common shares was $40.237 million or $0.50 per diluted share against $156.409 million or $2.40 per diluted share a year ago. Funds used in operations was $21.782 million or $0.27 per share against $139.060 million or $2.14 per share a year ago. Adjusted funds from operations was $39.434 million or $0.49 per share against $40.648 million or $0.62 per share a year ago.

RAIT Financial Trust Declares Preferred Dividends for the Third Quarter of 2014, Payable on September 30, 2014

RAIT Financial Trust announced that on July 29, 2014, RAIT's Board of Trustees declared a third quarter 2014 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, 2014 to holders of record on September 2, 2014.

RAIT Financial Trust to Report Q2, 2014 Results on Jul 31, 2014

RAIT Financial Trust announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

 

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RAS:US $7.75 USD +0.04

RAS Competitors

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Company Last Change
AG Mortgage Investment Trust Inc $19.24 USD -0.03
American Capital Mortgage Investment Corp $20.00 USD +0.13
iStar Financial Inc $14.04 USD +0.13
New York Mortgage Trust Inc $7.83 USD +0.04
Western Asset Mortgage Capital Corp $15.07 USD +0.35
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.9x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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