RAIT Financial Trust ("RAIT") (NYSE: RAS) is an internally-managed real estate investment trust ("REIT") that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets. Since closing our initial public offering in January 1998, our management team has positioned RAIT as a vertically integrated commercial real estate company with a commercial real estate focused platform capable of originating commercial real estate loans, CMBS eligible loans, acquiring commercial real estate properties and investing in, managing, servicing, trading and advising on commercial real estate-related assets. Our management team is focused on producing attractive risk-adjusted returns while maximizing shareholder value over time.
TypePublic
HQPhiladelphia, US
Founded1998
Size (employees)226 (est)
Websiterait.com
RAIT Financial Trust was founded in 1998 and is headquartered in Philadelphia, US
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Key People/Management at RAIT Financial Trust

Michael J. Malter

Michael J. Malter

Chairman of the Board
John J. Reyle

John J. Reyle

Chief Executive Officer, President and Chief Legal Officer
Justin P. Klein

Justin P. Klein

Trustee
Jon C. Sarkisian

Jon C. Sarkisian

Trustee
Thomas D. Wren

Thomas D. Wren

Trustee
Alfred J. Dilmore

Alfred J. Dilmore

Chief Financial Officer and Treasurer
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RAIT Financial Trust Office Locations

RAIT Financial Trust has an office in Philadelphia
Philadelphia, US (HQ)
Two Logan Square 100 N. 18th Street, 23rd Floor
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RAIT Financial Trust Financials and Metrics

RAIT Financial Trust Revenue

RAIT Financial Trust's revenue was reported to be $99.72 m in FY, 2017
USD

Revenue (Q2, 2018)

34.9 m

Net income (Q2, 2018)

(84.7 m)

EBIT (Q2, 2018)

(38.8 m)

Market capitalization (10-May-2018)

14.4 m

Closing stock price (10-May-2018)

0.2

Cash (30-Jun-2018)

72.2 m
RAIT Financial Trust's current market capitalization is $14.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

246.9 m289.7 m324 m173.6 m99.7 m

Revenue growth, %

17%12%(46%)

General and administrative expense

25.2 m

Operating expense total

184.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

62.4 m67.3 m73.3 m75.3 m75.9 m79.4 m75 m89.5 m85.1 m43.2 m29.6 m22.8 m18.3 m34.9 m

General and administrative expense

6.2 m6.2 m9.3 m16.5 m

Operating expense total

44.7 m55.5 m59.6 m62.3 m79.1 m77.7 m87 m95.7 m90.7 m51.1 m42.1 m57.6 m35.4 m73.7 m

EBIT

17.7 m11.8 m13.6 m13 m(3.2 m)1.8 m(12.1 m)(6.2 m)(5.7 m)(7.8 m)(12.5 m)(34.8 m)(17 m)(38.8 m)
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

25 m29.7 m100 m88.8 m121.7 m125.9 m110.5 m53.4 m

Accounts Receivable

48.3 m51.6 m47.3 m2.2 m

Inventories

Total Assets

3 b3.5 b4.4 b2.4 b1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

116.6 m110.1 m75.1 m116.8 m92.7 m104.8 m92.7 m94.6 m66.9 m36 m96.4 m89.3 m84.5 m72.2 m

Total Assets

3 b3.4 b3.5 b3.8 b3.6 b3.6 b4.3 b4.3 b4 b3.9 b2.2 b2 b1.6 b1.1 b

Accounts Payable

32.9 m24.2 m28.7 m58.6 m48.5 m52.7 m42.2 m30 m32.5 m20.1 m14 m15.2 m8.2 m8.8 m

Total Liabilities

2.2 b2.5 b2.7 b2.9 b2.9 b2.9 b3.5 b3.5 b3.2 b3.1 b1.8 b1.8 b1.4 b1 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(285.4 m)(290 m)63.5 m50.1 m

Depreciation and Amortization

36.1 m56.8 m73.9 m78.8 m

Accounts Payable

4.1 m16.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(156.8 m)(7.4 m)(26.4 m)(42.9 m)266 k26.7 m51.5 m(10.5 m)15.9 m25.3 m(21.5 m)(138.4 m)

Depreciation and Amortization

26 m12 m25.5 m38.7 m19 m36 m51.2 m24.3 m47.1 m66.3 m9.8 m17.6 m

Accounts Payable

8.1 m(10.6 m)(6.8 m)21.6 m(6.5 m)

Cash From Operating Activities

44.7 m22.3 m37.2 m64.3 m(13 m)82.4 m59.8 m
USDY, 2018

Financial Leverage

10.5 x
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RAIT Financial Trust News and Updates

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RAIT Financial Trust Company Life and Culture

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