Last $7.81 USD
Change Today +0.10 / 1.30%
Volume 134.6K
RAS On Other Exchanges
Symbol
Exchange
New York
As of 9:34 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

Transactions by RAIT FINANCIAL TRUST (RAS) in the last 6 months

Announced 09/10/14
30.00M for Apartment Community in Memphis
Merger/Acquisition

Independence Realty Trust, Inc. (AMEX:IRT) a fund of RAIT Financial Trust (NYSE:RAS), entered into a contract to acquire apartment community in Memphis for $29.8 million in cash on September 10, 2014. The deal is expected to close in mid-September of 2014.


RAS's price was unchanged after the transaction was announced on 09/10/14.
Investor / Buyer
Independence Realty Trust, Inc.
RAIT Financial Trust
 
Announced 09/9/14
28.00M for Apartment Community Located in Memphis, Tennessee
Merger/Acquisition

Independence Realty Trust, Inc. (AMEX:IRT), a fund managed by RAIT Financial Trust (NYSE:RAS) acquired an apartment community located in Memphis, Tennessee for $27.9 million in cash and units on August 28, 2014. The purchase price was comprised of approximately $26.5 million cash and approximately 0.14 million Independence Realty Trust operating partnership units valued at approximately $1.4 million. IRT funded the cash portion of these purchase prices with a portion ...
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RAS's price was unchanged after the transaction was announced on 09/9/14.
Investor / Buyer
Independence Realty Trust, Inc.
RAIT Financial Trust
 
Announced 09/9/14
24.00M for Apartment Community Located in Raleigh, North Carolina
Merger/Acquisition

Independence Realty Trust, Inc. (AMEX:IRT), a fund managed by RAIT Financial Trust (NYSE:RAS) acquired an apartment community located in Raleigh, North Carolina for $24.3 million in cash on September 5, 2014. IRT funded the cash portion of these purchase prices with a portion of the net proceeds of IRT's offering of its shares of common stock completed in July 2014.


RAS's price was unchanged after the transaction was announced on 09/9/14.
Investor / Buyer
Independence Realty Trust, Inc.
RAIT Financial Trust
 
Announced 09/3/14
28.00M for 324-Unit Apartment Complex In Cordova
Merger/Acquisition

Independence Realty Trust, Inc. (AMEX:IRT) of RAIT Financial Trust (NYSE:RAS) acquired 324-unit apartment complex in Cordova from several California-based companies for $27.9 million on August 28, 2014. The purchase was funded with a portion of the net proceeds of IRT’s offering of its shares of common stock, completed in July 2014.


RAS's price was unchanged after the transaction was announced on 09/3/14.
Investor / Buyer
Independence Realty Trust, Inc.
RAIT Financial Trust
 
Announced 07/31/14
16 Properties
Merger/Acquisition

RAIT Financial Trust (NYSE:RAS) acquired 16 properties effective July 31, 2014.


RAS's price was unchanged after the transaction was announced on 07/31/14.
Investor / Buyer
RAIT Financial Trust
 
Announced 05/29/14
20.00M for Arbors at the Reservoir
Merger/Acquisition

Independence Realty Trust, Inc. (AMEX:IRT), a fund managed by RAIT Financial Trust (NYSE:RAS), entered into a contract to acquire Arbors at the Reservoir for $20.3 million on May 29, 2014. The purchase price was funded through $8.1 million cash and $20.25 million from revolving credit facility. The transaction is subject to the terms and conditions as defined in the contract. Arbors at the Reservoir reported revenue of $2.0 million for year ending 2013. McGladrey LLP ...
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RAS's price was unchanged after the transaction was announced on 05/29/14.
Investor / Buyer
Independence Realty Trust, Inc.
RAIT Financial Trust
 
 

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RAS:US $7.81 USD +0.10

RAS Competitors

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Company Last Change
American Capital Mortgage Investment Corp $20.06 USD +0.14
iStar Financial Inc $14.31 USD +0.05
New York Mortgage Trust Inc $7.84 USD +0.02
Resource Capital Corp $5.30 USD +0.01
Western Asset Mortgage Capital Corp $15.08 USD +0.0292
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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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