Last $7.19 USD
Change Today +0.03 / 0.42%
Volume 433.1K
RAS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

rait financial trust (RAS) Snapshot

Open
$7.25
Previous Close
$7.16
Day High
$7.29
Day Low
$7.13
52 Week High
12/24/13 - $9.21
52 Week Low
10/15/14 - $6.86
Market Cap
593.3M
Average Volume 10 Days
474.5K
EPS TTM
$-2.68
Shares Outstanding
82.5M
EX-Date
10/3/14
P/E TM
--
Dividend
$0.72
Dividend Yield
9.60%
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 Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

RAIT Financial Trust announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Total revenues grew 20.7% to $75.3 million for the quarter ended September 30, 2014 from $62.4 million for the quarter ended September 30, 2013. The company reported a net loss allocable to common shares for the three-month period ended September 30, 2014 of $23.3 million, or $0.28 total loss per share diluted as compared to net loss allocable to common shares for the three-month period ended September 30, 2013 of $17.1 million, or $0.24 total loss per share diluted. Operating income was $13.006 million against $17.728 million a year ago. Loss before taxes and discontinued operations was $18.656 million against $10.971 million a year ago. Loss from operations was $14.152 million or $0.17 per share against $8.398 million or $0.12 per share a year ago. Adjusted funds from operations were $2.621 million or $0.03 per share against $22.952 million or $0.33 per share a year ago. The company reported a net loss allocable to common shares for the nine-month period ended September 30, 2014 of $63.5 million, or $0.78 total loss per share diluted as compared to net loss allocable to common shares for the nine-month period ended September 30, 2013 of $173.5 million, or $2.60 total loss per share diluted. Operating income was $38.462 million against $46.826 million a year ago. Loss before taxes and discontinued operations was $45.349 million against $157.284 million a year ago. Loss from operations was $35.934 million or $0.44 per share against $147.458 million or $2.21 per share a year ago. Adjusted funds from operations were $42.055 million or $0.52 per share against $63.600 million or $0.95 per share a year ago.

RAIT Financial Trust Declares Fourth Quarter 2014 Preferred Dividends, Payable on December 31, 2014

RAIT Financial Trust announced that on October 28, 2014, RAIT's Board of Trustees declared a fourth 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 December 31, 2014 to holders of record on December 1, 2014.

RAIT Financial Trust to Report Q3, 2014 Results on Oct 30, 2014

RAIT Financial Trust announced that they will report Q3, 2014 results at 9:00 AM, US Eastern Standard Time on Oct 30, 2014

 

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RAS Competitors

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Company Last Change
AG Mortgage Investment Trust Inc $19.24 USD -0.14
American Capital Mortgage Investment Corp $19.77 USD -0.11
iStar Financial Inc $14.04 USD -0.08
New York Mortgage Trust Inc $7.86 USD -0.32
Resource Capital Corp $5.10 USD 0.00
View Industry Companies
 

Industry Analysis

RAS

Industry Average

Valuation RAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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