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RAIT Financial Trust

OverviewSuggest Edit

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. ... Show more
TypePublic
Founded1998
HQPhiladelphia, USMap
Websiterait.com
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Recent NewsAll News

Latest Updates

Employees (est.) (Sep 2017)226
Revenue (FY, 2017)$99.7 M(-42%)
Share Price (May 2018)$0.2

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, 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 (Q3, 2018)

9.3m

Net income (Q3, 2018)

(21.0m)

EBIT (Q3, 2018)

(15.9m)

Market capitalization (10-May-2018)

14.4m

Closing stock price (10-May-2018)

0.2

Cash (30-Sep-2018)

98.4m
RAIT Financial Trust's current market capitalization is $14.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

246.9m289.7m324.0m173.6m99.7m

Revenue growth, %

17%12%(46%)

General and administrative expense

14.9m20.8m31.7m25.2m

Operating expense total

182.0m341.0m219.4m184.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

62.4m67.3m73.3m75.3m75.9m79.4m75.0m89.5m85.1m43.2m29.6m22.8m24.6m18.3m16.6m9.3m

General and administrative expense

3.2m4.2m4.9m4.8m5.1m4.5m5.1m5.6m3.7m6.2m6.2m6.4m9.3m7.2m5.3m

Operating expense total

44.7m55.5m59.6m62.3m79.1m77.7m87.0m95.7m90.7m51.1m42.1m57.6m37.7m35.4m38.3mwdxefcqufszuzezftuxetqsqxt25.2m

EBIT

17.7m11.8m13.6m13.0m(3.2m)1.8m(12.1m)(6.2m)(5.7m)(7.8m)(12.5m)(34.8m)(13.1m)(17.0m)(21.8m)(15.9m)
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Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

25.0m29.7m100.0m88.8m88.8m121.7m125.9m125.9m110.5m53.4m

Accounts Receivable

48.3m51.6m47.3m2.2m

Inventories

Total Assets

3.0b3.0b3.5b4.4b4.4b2.4b1.8b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

116.6m110.1m75.1m116.8m92.7m104.8m92.7m94.6m66.9m36.0m96.4m89.3m46.0m84.5m72.2m98.4m

Total Assets

3.0b3.4b3.5b3.8b3.6b3.6b4.3b4.3b4.0b3.9b2.2b2.0b1.9b1.6b1.1b957.6m

Accounts Payable

32.9m24.2m28.7m58.6m48.5m52.7m42.2m30.0m32.5m20.1m14.0m15.2m15.2m8.2m8.8m4.9m

Total Liabilities

2.2b2.5b2.7b2.9b2.9b2.9b3.5b3.5b3.2b3.1b1.8b1.8b1.6b1.4b1.0b873.2m
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(285.4m)(290.0m)63.5m50.1m

Depreciation and Amortization

36.1m56.8m73.9m78.8m

Accounts Payable

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

Net Income

(156.8m)(7.4m)(26.4m)(42.9m)266.0k26.7m51.5m(10.5m)15.9m25.3m(21.5m)(138.4m)

Depreciation and Amortization

26.0m12.0m25.5m38.7m19.0m36.0m51.2m24.3m47.1m66.3m9.8m17.6m

Accounts Payable

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

Cash From Operating Activities

44.7m22.3m37.2m64.3m(13.0m)82.4m59.8m
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USDY, 2018

Financial Leverage

11.3 x
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Competitors

Copenhagen Capital
Financial Services - Public
American Assets Trust
Financial Services - Public
Godewind Immobilien
Investment - Public
Merlin Properties
Investment - Public
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RAIT Financial Trust News and Updates

June 15, 2018

A Positive Development For RAIT Financial Trust's Baby Bond Holders

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RAIT Financial Trust Company Life and Culture

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 RAIT Financial Trust Frequently Asked Questions

  • When was RAIT Financial Trust founded?

    RAIT Financial Trust was founded in 1998.

  • Who are RAIT Financial Trust key executives?

    RAIT Financial Trust's key executives are Michael J. Malter, John J. Reyle and Justin P. Klein.

  • How many employees does RAIT Financial Trust have?

    RAIT Financial Trust has 226 employees.

  • What is RAIT Financial Trust revenue?

    Latest RAIT Financial Trust annual revenue is $99.7 m.

  • What is RAIT Financial Trust revenue per employee?

    Latest RAIT Financial Trust revenue per employee is $441.2 k.

  • Who are RAIT Financial Trust competitors?

    Competitors of RAIT Financial Trust include Copenhagen Capital, American Assets Trust and Godewind Immobilien.

  • Where is RAIT Financial Trust headquarters?

    RAIT Financial Trust headquarters is located at Two Logan Square 100 N. 18th Street, 23rd Floor, Philadelphia.

  • Where are RAIT Financial Trust offices?

    RAIT Financial Trust has an office in Philadelphia.

  • How many offices does RAIT Financial Trust have?

    RAIT Financial Trust has 1 office.