Last $8.59 USD
Change Today -0.07 / -0.81%
Volume 10.0K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$8.64
Previous Close
$8.66
Day High
$8.72
Day Low
$8.44
52 Week High
05/17/13 - $10.25
52 Week Low
08/28/13 - $7.31
Market Cap
175.0M
Average Volume 10 Days
57.2K
EPS TTM
$0.09
Shares Outstanding
20.4M
EX-Date
04/14/14
P/E TM
90.8x
Dividend
$0.20
Dividend Yield
1.98%
Current Stock Chart for RESOURCE AMERICA INC-CL A (REXI)

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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.

655 Employees
Last Reported Date: 03/17/14
Founded in 1966

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

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $843.8K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $987.5K
President of Resource Financial Fund Manageme...
Total Annual Compensation: $841.3K
Executive Vice President
Total Annual Compensation: $843.8K
Compensation as of Fiscal Year 2013.

resource america inc-cl a (REXI) Key Developments

Resource America, Inc. Announces Quarterly Cash Dividend, Payable on April 30, 2014

Resource America, Inc. announced that its Board of Directors has authorized the payment of a cash dividend on April 30, 2014 in the amount of $0.05 per share of the company's common stock to all holders of record at the close of business on April 16, 2014.

Resource America, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Resource America, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported adjusted net income attributable to common shareholders, a non-GAAP measure, of $3.6 million, or $0.16 per common share-diluted, as compared to adjusted net income attributable to common shareholders of $1.3 million, or $0.06 per common share-diluted, for the three months ended December 31, 2012. The company reported GAAP net income attributable to common shareholders of $1.4 million, or $0.06 per common share-diluted, as compared to a GAAP net loss attributable to common shareholders of $1.5 million, or $0.08 per common share-diluted, for the three months ended December 31, 2012. Included in GAAP net income attributable to common shareholders for the year ended December 31, 2012 was a $36.4 million gain, net of tax, on the sale of the Company's credit loan manager. Total revenues were $33,911,000 compared to $43,935,000 a year ago. Operating loss was $734,000 compared to operating income of $7,761,000 a year ago. Loss from continuing operations before taxes was $650,000 compared to income from continuing operations before taxes of $21,110,000 a year ago. Income from continuing operations was $2,559,000 compared to $13,727,000 a year ago. For the year, the company reported adjusted net income attributable to common shareholders, a non-GAAP measure, of $11.9 million, or $0.54 per common share-diluted, as compared to adjusted net income attributable to common shareholders of $335,000, or $0.02 per common share-diluted, for the year ended December 31, 2012. The company reported GAAP net income attributable to common shareholders of $6.4 million, or $0.29 per common share-diluted, as compared to GAAP net income attributable to common shareholders of $24.0 million, or $1.14 per common share-diluted, for the year ended December 31, 2012. Included in GAAP net income attributable to common shareholders for the year ended December 31, 2012 was a $36.4 million gain, net of tax, on the sale of the Company's credit loan manager. Total revenues were $153,748,000 compared to $167,631,000 a year ago. Operating income was $37,069,000 compared to $43,287,000 a year ago. Income from continuing operations before taxes was $52,645,000 compared to $114,908,000 a year ago. Income from continuing operations was $52,029,000 compared to $87,189,000 a year ago. Book value per common share of $7.87.

Resource America, Inc., Q4 2013 Earnings Call, Mar 11, 2014

Resource America, Inc., Q4 2013 Earnings Call, Mar 11, 2014

 

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Valuation REXI Industry Range
Price/Earnings 29.3x
Price/Sales 1.1x
Price/Book 1.1x
Price/Cash Flow 20.9x
TEV/Sales NM Not Meaningful
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