Last $9.07 USD
Change Today -0.12 / -1.31%
Volume 7.7K
REXI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

resource america inc-cl a (REXI) Snapshot

Open
$9.08
Previous Close
$9.19
Day High
$9.15
Day Low
$9.06
52 Week High
07/23/14 - $9.96
52 Week Low
02/3/14 - $7.99
Market Cap
207.3M
Average Volume 10 Days
33.8K
EPS TTM
$0.28
Shares Outstanding
22.9M
EX-Date
10/15/14
P/E TM
32.7x
Dividend
$0.24
Dividend Yield
2.32%
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.

721 Employees
Last Reported Date: 11/10/14
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 Mulls Acquisitions

Resource America, Inc. (NasdaqGS:REXI) intends to pursue acquisitions. "In 2015, we will continue to acquire assets for Op REIT I selectively selling stabilized properties and continuing to reinvest capital into properties that we implement a solid value-add strategy," Alan Feldman, Senior Vice President, said.

Resource America, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year of 2014

Resource America, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to common shareholders of $1,516,000 or $0.07 basic and diluted earnings per share on total revenue of $50,409,000 compared to net loss attributable to common shareholders of $3,442,000 or $0.16 diluted loss per share on total revenue of $43,025,000 for the same period a year ago. Operating income was $19,466,000 and income from continuing operations before income taxes was $17,223,000 compared to operating income of $12,806,000 and income from continuing operations before income taxes of $29,173,000 for the same period a year ago. Income from continuing operations attributable to common shareholders was $1,516,000 or $0.07 basic and diluted per share against $3,442,000 or $0.16 diluted per share a year ago. Income from continuing operations was $15,719,000 compared to $27,190,000 a year ago. Adjusted net income attributable to common shareholders was $2,834,000 or $0.13 diluted per share against $4,307,000 or $0.20 diluted per share a year ago. As of September 30, 2014, the company's GAAP book value per common share was $7.47. The company earned $5 million of adjusted cash earnings from operations. For nine months, the company reported net income attributable to common shareholders of $5,224,000 or $0.24 diluted earnings per share on total revenue of $152,175,000 compared to net income attributable to common shareholders of $5,051,000 or $0.23 diluted loss per share on total revenue of $119,837,000 for the same period a year ago. Operating income was $59,814,000 and income from continuing operations before income taxes was $58,340,000 compared to operating income of $37,803,000 and income from continuing operations before income taxes of $53,295,000 for the same period a year ago. Income from continuing operations attributable to common shareholders was $5,224,000 or $0.24 diluted per share against $5,053,000 or $0.23 diluted per share a year ago. Income from continuing operations was $54,016,000 compared to $49,470,000 a year ago. Adjusted net income attributable to common shareholders was $9,732,000 or $0.44 diluted per share against $7,205,000 or $0.33 diluted per share a year ago. The company earned $15.4 million of adjusted cash earnings, a 34% increase over the prior year period. For the year of 2014, the company remains on track to meet guidance of earning $20 million to $25 million of cash from adjusted earnings.

Resource America, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Resource America, Inc. announced that they will report Q3, 2014 results After-Market on Nov 05, 2014

 

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Industry Analysis

REXI

Industry Average

Valuation REXI Industry Range
Price/Earnings 30.7x
Price/Sales 1.0x
Price/Book 1.2x
Price/Cash Flow 24.5x
TEV/Sales NM Not Meaningful
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