Symbol: RAS, new symbol: RASF
CIK: 1045425
Exchange: NYSE
Founded: 1997 (22 years)
HQ: Philadelphia, PA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage
See RAS on Google Finance
See RAS on Yahoo Finance
See RAS on SEC.gov
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N/A
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|
| Total Assets | 1,133,454,000.00 | 1,604,103,000.00 | 1,791,833,000.00 | 1,867,688,000.00 |
| Cash and Equivalents | 185,315,000.00 | 237,445,000.00 | 211,294,000.00 | 188,508,000.00 |
| Investments | 166,677,000.00 | 259,810,000.00 | 231,021,000.00 | 1,603,906,000.00 |
| Investments Current | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments Non-Current | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposit Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment Net | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade and Non-Trade Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade and Non-Trade Payables | 8,756,000.00 | 8,211,000.00 | 9,641,000.00 | 15,201,000.00 |
| Goodwill and Intangible Assets | 4,558,000.00 | 4,949,000.00 | 5,376,000.00 | 8,062,000.00 |
| Total Liabilities | 1,025,295,000.00 | 1,383,885,000.00 | 1,533,703,000.00 | 1,606,141,000.00 |
| Shareholders Equity | 108,159,000.00 | 146,612,000.00 | 176,155,000.00 | 180,014,000.00 |
| Accumulated Retained Earnings (Deficit) | -2,009,327,000.00 | -1,964,228,000.00 | -1,921,533,000.00 | -1,916,905,000.00 |
| Accumulated Other Comprehensive Income | 12,544,000.00 | 10,523,000.00 | 0.00 | 0.00 |
| Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Assets Non-Current | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Liabilities Non-Current | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Liabilities | 22,902,000.00 | 6,350,000.00 | 12,116,000.00 | 38,217,000.00 |
| Total Debt | 934,389,000.00 | 1,272,006,000.00 | 1,390,188,000.00 | 1,427,947,000.00 |
| Debt Current | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt Non-Current | 0.00 | 0.00 | 0.00 | 0.00 |
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|
| Revenues | 16,553,000.00 | 18,341,000.00 | 22,699,000.00 | 24,603,000.00 |
| Cost of Revenue | 7,141,000.00 | 7,721,000.00 | 10,823,000.00 | 10,221,000.00 |
| Selling, General and Administrative Expense | 7,198,000.00 | 9,263,000.00 | 6,405,000.00 | 6,427,000.00 |
| Research and Development Expense | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 49,669,000.00 | 30,999,000.00 | 34,217,000.00 | 21,960,000.00 |
| Interest Expense | 6,356,000.00 | 6,771,000.00 | 7,862,000.00 | 8,656,000.00 |
| Income Tax Expense | 0.00 | 0.00 | -600,000.00 | -34,000.00 |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Income | -57,023,000.00 | -27,705,000.00 | 2,463,000.00 | -15,843,000.00 |
| Net Income to Non-Controlling Interests | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -57,023,000.00 | -27,705,000.00 | 2,463,000.00 | -15,843,000.00 |
| Preferred Dividends Income Statement Impact | -6,861,000.00 | 6,389,000.00 | 7,086,000.00 | 8,387,000.00 |
| Net Income Common Stock | -50,162,000.00 | -34,094,000.00 | -4,623,000.00 | -24,230,000.00 |
| Earnings per Basic Share | -0.55 | -0.37 | -0.05 | -0.26 |
| Earnings per Diluted Share | -0.55 | -0.37 | -0.05 | -0.26 |
| Weighted Average Shares | 91,991,289.00 | 91,874,670.00 | 91,601,480.00 | 91,559,636.00 |
| Weighted Average Shares Diluted | 91,991,289.00 | 91,874,670.00 | 91,601,480.00 | 91,559,636.00 |
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow - Business Acquisitions and Disposals | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow - Investment Acquisitions and Disposals | 64,912,000.00 | 86,172,000.00 | -21,585,000.00 | 3,435,000.00 |
| Net Cash Flow from Financing | -170,407,000.00 | -137,582,000.00 | -32,834,000.00 | -129,877,000.00 |
| Issuance (Repayment) of Debt Securities | -113,198,000.00 | -121,163,000.00 | -1,868,000.00 | -123,603,000.00 |
| Issuance (Purchase) of Equity Shares | -3,000.00 | -71,000.00 | -10,000.00 | -16,000.00 |
| Payment of Dividends & Other Cash Distributions | 0.00 | -105,000.00 | 0.00 | -4,574,000.00 |
| Net Cash Flow from Investing | 69,331,000.00 | 76,464,000.00 | 40,823,000.00 | 82,470,000.00 |
| Net Cash Flow from Operations | 48,946,000.00 | 87,269,000.00 | -628,000.00 | 4,109,000.00 |
| Effect of Exchange Rate Changes on Cash | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow / Change in Cash & Cash Equivalents | -52,130,000.00 | 26,151,000.00 | 7,361,000.00 | -43,298,000.00 |
| Share Based Compensation | 262,000.00 | -539,000.00 | 779,000.00 | 779,000.00 |
| Depreciation, Amortization & Accretion | 2,887,000.00 | 3,443,000.00 | 4,461,000.00 | 6,139,000.00 |
RAIT Financial Trust ("RAIT") (NYSE: RAS) is an internally-managed real estate investment trust ("REIT") focused on providing debt financing options to owners of commercial real estate ("CRE") throughout the United States. Additionally, RAIT owns a portfolio of CRE properties located throughout the United States. Since RAIT was formed in 1997, we have built a reputation for consistently executing efficiently with borrowers and their intermediaries by maximizing our experience in commercial real estate, deal structuring, and structured finance to deliver effective property-level financing solutions. We work closely with our borrowers to meet their financing objectives. RAIT utilizes its in-house commercial real estate lending platform to originate, underwrite, close and service quality lending opportunities. These directly originated opportunities are vetted through RAIT’s credit and risk management processes. The loans we make are secured by income-producing properties, including apartment, office and light-industrial properties and neighborhood retail centers.
| REIT | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|
| Arbor Realty Trust, Inc. (ABR) | NYSE | Small-Cap | Mortgage | United States |
| Starwood Property Trust, Inc. (STWD) | NYSE | Mid-Cap | Mortgage | United States |
| Blackstone Mortgage Trust, Inc. (BXMT) | NYSE | Mid-Cap | Mortgage | United States |
| CIM Commercial Trust Corp (CMCT) | NASDAQ | Small-Cap | Office Hotel Residential | United States |