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)
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 Data and Metrics

RAIT Financial Trust Financial Metrics

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

Revenue (Q1, 2017)

29.6 m

Net income (Q1, 2017)

(21.5 m)

EBIT (Q1, 2017)

(12.5 m)

Market capitalization (22-Aug-2017)

93.3 m

Cash (31-Mar-2017)

96.4 m
RAIT Financial Trust's current market capitalization is $93.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

246.9 m289.7 m324 m173.6 m

Revenue growth, %

17%12%(46%)

EBIT

64.9 m42.2 m(17.1 m)(45.8 m)

EBIT margin, %

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

Interest income

1 m427 k

Net Income

(285.4 m)(290 m)63.5 m50.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

73.3 m75.3 m75.9 m79.4 m75 m89.5 m85.1 m43.2 m29.6 m

General and administrative expense

6.2 m

Operating expense total

6.2 m

EBIT

13.6 m13 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 m13.9 m19.7 m19.7 m19.6 m27 m22.9 m13.3 m10.1 m

Interest income

380 k61 k39 k70 k14 k

Income tax expense

21 k2.2 m(582 k)(715 k)(23 k)993 k1.8 m15.3 m249 k

Net Income

(26.4 m)(42.9 m)266 k26.7 m51.5 m(10.5 m)15.9 m25.3 m(21.5 m)
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

25 m29.7 m100 m88.8 m121.7 m125.9 m110.5 m

Accounts Receivable

48.3 m51.6 m47.3 m2.2 m

Total Assets

3 b3.5 b4.4 b2.4 b

Accounts Payable

32.4 m55 m39.7 m20 m

Total Liabilities

1.9 b

Additional Paid-in Capital

1.9 b2 b2.1 b2.1 b

Retained Earnings

(1.3 b)(1.6 b)(1.7 b)(1.7 b)

Total Equity

635.7 m587.8 m744.7 m377.8 m

Financial Leverage

4.8 x6 x6 x6.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

75.1 m116.8 m92.7 m104.8 m92.7 m94.6 m66.9 m36 m96.4 m

Total Assets

3.5 b3.8 b3.6 b3.6 b4.3 b4.3 b4 b3.9 b2.2 b

Accounts Payable

28.7 m58.6 m48.5 m52.7 m42.2 m30 m32.5 m20.1 m14 m

Additional Paid-in Capital

2 b2 b2 b2 b2.1 b2.1 b2.1 b2.1 b2.1 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 m759.8 m566.3 m583 m749.1 m712.5 m716.1 m708.7 m347 m

Financial Leverage

4.8 x4.9 x6.3 x6.1 x5.7 x6.1 x5.6 x5.5 x6.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(285.4 m)(290 m)63.5 m50.1 m

Depreciation and Amortization

36.1 m56.8 m73.9 m78.8 m

Accounts Receivable

(9.9 m)(10 m)5.1 m

Accounts Payable

4.1 m16.3 m

Cash From Operating Activities

69.6 m49.3 m87.9 m

Interest Paid

32.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(26.4 m)(42.9 m)266 k26.7 m51.5 m(10.5 m)15.9 m25.3 m(21.5 m)

Depreciation and Amortization

25.5 m38.7 m19 m36 m51.2 m24.3 m47.1 m66.3 m9.8 m

Accounts Receivable

(7.2 m)(7.9 m)(2 m)5.2 m5.7 m97 k

Accounts Payable

(6.8 m)21.6 m(6.5 m)

Cash From Operating Activities

37.2 m64.3 m(13 m)82.4 m59.8 m

Interest Paid

17.7 m29.1 m

Income Taxes Paid

62 k
USDY, 2017

Revenue/Employee

131 k

Financial Leverage

6.4 x

RAIT Financial Trust Market Value History

Traffic Overview of RAIT Financial Trust

RAIT Financial Trust Company Life and Culture

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