RAIT Financial Trust

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(FY, 2017)

$99.7 M

Market capitalization(2018-05-10)

$14.4 M

Type

Public

Philadelphia, US

Founded

1998

Size (employees)

226 (est)

Website

rait.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 Malter

Chairman of the Board

Andrew Batinovich

Trustee

Frank Farnesi

Trustee

S. Kim

Trustee

Justin Klein

Trustee

Nancy Kuenstner

Trustee

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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 Financials

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

Summary

USD
Revenue (Q1, 2018)	18.3 m
Net income (Q1, 2018)	(27.7 m)
EBIT (Q1, 2018)	(17 m)
Market capitalization (10-May-2018)	14.4 m
Closing share price (10-May-2018)	0.2
Cash (31-Mar-2018)	84.5 m

RAIT Financial Trust's current market capitalization is $14.4 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	246.9 m	289.7 m	324 m	173.6 m	99.7 m
Revenue growth, %		17%	12%	(46%)
General and administrative expense					25.2 m
Operating expense total					184.9 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	62.4 m	67.3 m	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	22.8 m	18.3 m
General and administrative expense											6.2 m	6.2 m	9.3 m
Operating expense total	44.7 m	55.5 m	59.6 m	62.3 m	79.1 m	77.7 m	87 m	95.7 m	90.7 m	51.1 m	42.1 m	57.6 m	35.4 m
EBIT	17.7 m	11.8 m	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)	(34.8 m)	(17 m)

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Balance Sheet

Annual

usd	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016	FY, 2017
Cash	25 m	29.7 m	100 m	88.8 m	121.7 m	125.9 m	110.5 m	53.4 m
Accounts Receivable				48.3 m	51.6 m	47.3 m	2.2 m
Inventories
Total Assets				3 b	3.5 b	4.4 b	2.4 b	1.8 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	116.6 m	110.1 m	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	89.3 m	84.5 m
Total Assets	3 b	3.4 b	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	2 b	1.6 b
Accounts Payable	32.9 m	24.2 m	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	15.2 m	8.2 m
Total Liabilities	2.2 b	2.5 b	2.7 b	2.9 b	2.9 b	2.9 b	3.5 b	3.5 b	3.2 b	3.1 b	1.8 b	1.8 b	1.4 b

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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 Payable	4.1 m	16.3 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	(156.8 m)	(7.4 m)	(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)	(138.4 m)
Depreciation and Amortization	26 m	12 m	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	17.6 m
Accounts Payable	8.1 m	(10.6 m)	(6.8 m)	21.6 m	(6.5 m)
Cash From Operating Activities	44.7 m	22.3 m	37.2 m	64.3 m	(13 m)	82.4 m	59.8 m