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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.
TypePublic
Founded1998
HQPhiladelphia, USMap
Websiterait.com
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Employees (est.) (Mar 2019)25(-88%)
Revenue (FY, 2018)$49.3 M(-50%)
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
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)
100 N 18th St
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RAIT Financial Trust Financials and Metrics

RAIT Financial Trust Revenue

RAIT Financial Trust's revenue was reported to be $49.26 m in FY, 2018
USD

Revenue (Q2, 2019)

5.8m

Net income (Q2, 2019)

827.0k

EBIT (Q2, 2019)

2.7m

Market capitalization (31-May-2018)

14.4m

Closing stock price (31-May-2018)

0.2

Cash (30-Jun-2019)

46.7m

EV

459.7m
RAIT Financial Trust's current market capitalization is $14.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

234.2m200.8m246.9m289.7m324.0m173.6m99.7m49.3m

Revenue growth, %

17%12%(46%)

Cost of goods sold

55.3m56.4m60.9m81.6m109.0m56.9m37.2m

Gross profit

178.9m144.3m186.0m208.1m215.0m116.7m62.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

58.9m60.1m54.2m56.3m60.3m58.3m58.6m62.4m67.3m73.3m75.3m75.9m79.4m75.0m89.5m85.1m43.2m29.6m22.8m24.6m18.3m16.6m9.3m6.2m5.8m

Cost of goods sold

13.8m14.6m13.8m13.5m14.3m14.4m14.9m15.5m18.1m19.7m20.9m26.0m26.4m25.9m30.7m30.0m14.6m10.6m9.5m8.3m5.8m

Gross profit

45.1m45.5m40.4m42.9m46.1m43.8m43.7m46.9m49.2m53.6m54.4m49.9m53.1m49.0m58.8m55.1m28.6m19.0m13.3m16.3m12.6m

Gross profit Margin, %

77%76%75%76%76%75%75%75%73%73%72%66%67%65%66%65%66%64%58%66%68%
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Annual
usdY, 2010FY, 2011Y, 2011FY, 2012Y, 2012Y, 2013FY, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018

Cash

25.0m29.7m29.7m100.0m100.0m88.8m88.8m121.7m121.7m125.9m125.9m110.5m53.4m42.5m

Accounts Receivable

1.1b48.3m51.6m47.3m2.2m

Prepaid Expenses

39.8m45.5m57.1m72.0m71.2m43.9m10.8m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

24.6m29.7m53.8m44.3m40.7m63.9m60.4m116.6m110.1m75.1m116.8m92.7m104.8m92.7m94.6m66.9m36.0m96.4m89.3m46.0m84.5m72.2m98.4m39.1m46.7m

Accounts Receivable

1.1b1.0b1.1b1.2b38.4m6.2m4.7m

Prepaid Expenses

42.4m43.9m42.6m44.9m45.9m48.2m54.2m51.6m70.5m72.2m78.9m84.6m77.7m76.2m73.7m68.8m81.5m49.1m36.8m34.9m25.3m17.7m14.1m13.6m8.8m

Total Assets

3.0b3.0b2.8b2.9b2.8b3.0b3.0b3.0b3.4b3.5b3.8b3.6b3.6b4.3b4.3b4.0b3.9b2.2b2.0b1.9b1.6b1.1b957.6m673.8m582.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(37.7m)(168.3m)(285.4m)(290.0m)63.5m50.1m(151.8m)(123.5m)

Depreciation and Amortization

29.5m31.3m36.1m56.8m73.9m28.2m9.7m

Accounts Payable

(5.1m)1.9m4.1m16.3m(23.1m)5.3m(5.4m)(1.6m)

Cash From Operating Activities

(2.0m)19.5m69.6m49.3m87.9m109.2m10.2m7.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(7.6m)(25.4m)(103.7m)(107.2m)(122.2m)(85.3m)(145.7m)(156.8m)(7.4m)(26.4m)(42.9m)266.0k26.7m51.5m(10.5m)15.9m25.3m(21.5m)(138.4m)(154.3m)(27.7m)(84.7m)(105.8m)(6.2m)(5.4m)

Depreciation and Amortization

14.4m21.7m7.7m15.3m23.2m8.6m17.2m26.0m12.0m25.5m38.7m19.0m36.0m51.2m24.3m47.1m9.8m17.6m23.7m3.4m6.3m8.2m1.4m2.7m

Accounts Payable

264.0k487.0k(2.7m)2.9m5.8m(2.2m)387.0k8.1m(10.6m)(6.8m)21.6m(6.5m)(1.6m)(19.5m)(9.5m)(7.2m)516.0k(5.2m)(3.5m)(1.8m)(1.4m)(568.0k)(314.0k)(695.0k)(527.0k)

Cash From Operating Activities

(38.0k)(1.3m)(942.0k)7.3m12.4m9.6m21.1m44.7m22.3m37.2m64.3m(13.0m)82.4m59.8m8.6m57.7m99.0m2.9m6.7m10.9m87.3m136.2m10.2m(5.7m)(8.0m)
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USDY, 2019

EV/EBIT

171.5 x

EV/CFO

-57.2 x

Financial Leverage

9 x
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RAIT Financial Trust Online and Social Media Presence

RAIT Financial Trust's Trends

Embed Graph

RAIT Financial Trust News and Updates

June 15, 2018

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

 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 25 employees.

  • What is RAIT Financial Trust revenue?

    Latest RAIT Financial Trust annual revenue is $49.3 m.

  • What is RAIT Financial Trust revenue per employee?

    Latest RAIT Financial Trust revenue per employee is $2 m.

  • Who are RAIT Financial Trust competitors?

    Competitors of RAIT Financial Trust include Trastor REIC, Washington Real Estate Investment Trust and American Assets Trust.

  • Where is RAIT Financial Trust headquarters?

    RAIT Financial Trust headquarters is located at 100 N 18th St, 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.