RAIT Financial Trust

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.
Company Growth (employees)
Type
Public
HQ
Philadelphia, US
Founded
1998
Size (employees)
226 (est)-74%
Website
rait.com
RAIT Financial Trust was founded in 1998 and is headquartered in Philadelphia, US

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

RAIT Financial Trust Metrics

RAIT Financial Trust Financial Metrics

RAIT Financial Trust's revenue was reported to be $173.6 m in 2016

Revenue (Y, 2016)

$173.6 m

Revenue growth (Y, 2015 - Y, 2016), %

(46%)

Net income (Y, 2016)

$50.1 m

EBIT (Y, 2016)

($45.8 m)

Market capitalization (19-May-2017)

$216.9 m

Closing share price (19-May-2017)

$2.3

Cash (31-Dec-2016)

$110.5 m
RAIT Financial Trust's current market capitalization is $216.9 m.
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$246.9 m$289.7 m$324 m$173.6 m

Revenue growth, %

17%12%(46%)

Operating expense total

$182 m$247.5 m$341 m$219.4 m

EBIT

$64.9 m$42.2 m($17.1 m)($45.8 m)

EBIT margin, %

26%15%(5%)(26%)

Interest expense

$40.3 m$55.4 m$84.3 m$55 m

Interest income

$1 m$427 k

Income tax expense

($2.9 m)($2.1 m)$2.8 m($2.6 m)

Net Income

($285.4 m)($290 m)$63.5 m$50.1 m
Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 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$36.3 m

Inventories

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

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 x6 x6 x6.4 x
FY, 2013FY, 2014FY, 2015FY, 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

Inventories

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
Y, 2016

Financial Leverage

6.4 x

RAIT Financial Trust Market Value History

RAIT Financial Trust Company Life

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