RAIT Financial Trust company profile - Office locations, jobs, key people, competitors, financial metrics, news, company life

Financial Services Real Estate & Construction investment real estate agency real estate investments

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.

Revenue(Q1, 2017)

$29.6 M

Market capitalization(2017-08-22)

$93.3 M

Company Growth (employees)

Type

Public

Philadelphia, US

Founded

1998

Size (employees)

226 (est)

Website

rait.com

Philadelphia, US (HQ)

Two Logan Square 100 N. 18th Street, 23rd Floor

RAIT Financial Trust Financial Metrics

RAIT Financial Trust's revenue was reported to be $29.6 m in Q1, 2017

Summary

USD

RAIT Financial Trust's current market capitalization is $93.3 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	246.9 m	289.7 m	324 m	173.6 m
Revenue growth, %		17%	12%	(46%)
EBIT	64.9 m	42.2 m	(17.1 m)	(45.8 m)
EBIT margin, %	26%	15%	(5%)	(26%)
Interest income			1 m	427 k
Net Income	(285.4 m)	(290 m)	63.5 m	50.1 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	73.3 m	75.3 m	75.9 m	79.4 m	75 m	89.5 m	85.1 m	43.2 m	29.6 m
General and administrative expense									6.2 m
Operating expense total									6.2 m
EBIT	13.6 m	13 m	(3.2 m)	1.8 m	(12.1 m)	(6.2 m)	(5.7 m)	(7.8 m)	(12.5 m)
EBIT margin, %	19%	17%	(4%)	2%	(16%)	(7%)	(7%)	(18%)	(42%)
Interest expense	13.2 m	13.9 m	19.7 m	19.7 m	19.6 m	27 m	22.9 m	13.3 m	10.1 m
Interest income					380 k	61 k	39 k	70 k	14 k
Income tax expense	21 k	2.2 m	(582 k)	(715 k)	(23 k)	993 k	1.8 m	15.3 m	249 k
Net Income	(26.4 m)	(42.9 m)	266 k	26.7 m	51.5 m	(10.5 m)	15.9 m	25.3 m	(21.5 m)

Balance Sheet

Annual

USD	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	25 m	29.7 m	100 m	88.8 m	121.7 m	125.9 m	110.5 m
Accounts Receivable				48.3 m	51.6 m	47.3 m	2.2 m
Total Assets				3 b	3.5 b	4.4 b	2.4 b
Accounts Payable				32.4 m	55 m	39.7 m	20 m
Total Liabilities							1.9 b
Additional Paid-in Capital				1.9 b	2 b	2.1 b	2.1 b
Retained Earnings				(1.3 b)	(1.6 b)	(1.7 b)	(1.7 b)
Total Equity				635.7 m	587.8 m	744.7 m	377.8 m
Financial Leverage				4.8 x	6 x	6 x	6.4 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	75.1 m	116.8 m	92.7 m	104.8 m	92.7 m	94.6 m	66.9 m	36 m	96.4 m
Total Assets	3.5 b	3.8 b	3.6 b	3.6 b	4.3 b	4.3 b	4 b	3.9 b	2.2 b
Accounts Payable	28.7 m	58.6 m	48.5 m	52.7 m	42.2 m	30 m	32.5 m	20.1 m	14 m
Additional Paid-in Capital	2 b	2 b	2 b	2 b	2.1 b	2.1 b	2.1 b	2.1 b	2.1 b
Retained Earnings	(1.3 b)	(1.4 b)	(1.7 b)	(1.7 b)	(1.7 b)	(1.7 b)	(1.7 b)	(1.7 b)	(1.8 b)
Total Equity	722.8 m	759.8 m	566.3 m	583 m	749.1 m	712.5 m	716.1 m	708.7 m	347 m
Financial Leverage	4.8 x	4.9 x	6.3 x	6.1 x	5.7 x	6.1 x	5.6 x	5.5 x	6.4 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(285.4 m)	(290 m)	63.5 m	50.1 m
Depreciation and Amortization	36.1 m	56.8 m	73.9 m	78.8 m
Accounts Receivable	(9.9 m)	(10 m)		5.1 m
Accounts Payable	4.1 m	16.3 m
Cash From Operating Activities	69.6 m	49.3 m	87.9 m
Interest Paid	32.7 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	(26.4 m)	(42.9 m)	266 k	26.7 m	51.5 m	(10.5 m)	15.9 m	25.3 m	(21.5 m)
Depreciation and Amortization	25.5 m	38.7 m	19 m	36 m	51.2 m	24.3 m	47.1 m	66.3 m	9.8 m
Accounts Receivable	(7.2 m)	(7.9 m)	(2 m)				5.2 m	5.7 m	97 k
Accounts Payable	(6.8 m)	21.6 m	(6.5 m)
Cash From Operating Activities	37.2 m	64.3 m	(13 m)	82.4 m	59.8 m
Interest Paid	17.7 m	29.1 m
Income Taxes Paid	62 k

RAIT Financial Trust

Company Growth (employees)

RAIT Financial Trust Office Locations

RAIT Financial Trust Data and Metrics

RAIT Financial Trust Financial Metrics

Summary

Revenue (Q1, 2017)

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (22-Aug-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

EBIT

EBIT margin, %

Interest income

Net Income

Revenue

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Total Assets

Accounts Payable

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Total Assets

Accounts Payable

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Interest Paid

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Interest Paid

Income Taxes Paid

Ratios

Revenue/Employee

Financial Leverage

RAIT Financial Trust Market Value History

Market Position of RAIT Financial Trust

Competitors

Traffic Overview of RAIT Financial Trust

RAIT Financial Trust Company Life and Culture

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