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United States

RAIT Financial Trust (RAS.N)

RAS.N on New York Stock Exchange

2.89USD
24 Mar 2017
Change (% chg)

$-0.03 (-1.03%)
Prev Close
$2.92
Open
$2.94
Day's High
$2.96
Day's Low
$2.88
Volume
87,724
Avg. Vol
142,987
52-wk High
$3.91
52-wk Low
$2.41

Latest Key Developments (Source: Significant Developments)

RAIT Financial Trust Q4 FFO per share $0.05
Friday, 24 Feb 2017 07:35am EST 

Rait Financial Trust : RAIT Financial Trust announces fourth quarter and fiscal 2016 financial results . RAIT Financial Trust - qtrly FFO per share $0.05 . Q4 GAAP earnings per share $0.17 . RAIT Financial Trust - Assets Under Management declined 39.6% to $3.6 billion as of year ended December 31, 2016 . RAIT Financial -decline in 2017 earnings expected to be primarily impacted by disposition of non-core assets, reductions in debt levels, loan repayments . Qtrly total revenue $35.7 million versus $53.1 million . Board expects to declare a cash dividend of $0.09 per share on its common stock for q1 of 2017 . RAIT Financial Trust - Board expects to declare a cash dividend of $0.09 per share on its common stock for Q1 of 2017 when RAIT announces q1 earnings .RAIT Financial Trust - RAIT will not be providing earnings and CAD guidance for 2017.  Full Article

Rait Financial transforms strategy focused on divestiture
Friday, 24 Feb 2017 07:32am EST 

Rait Financial Trust : Rait financial trust provides update on comprehensive strategy and transformation initiative to enhance shareholder value .Transformational strategy focused on divest, maximize value of commercial property management business, legacy owned real estate portfolio.  Full Article

Rait Financial Trust names Paul Kopsky CFO
Tuesday, 21 Feb 2017 04:15pm EST 

Rait Financial Trust : Rait Financial Trust names Paul W. Kopsky, Jr. As chief financial officer and treasurer .Rait Financial Trust says Paul W. Kopsky assume CFO and treasurer roles upon Sebra's departure.  Full Article

RAIT Financial Trust sells four apartment properties for $109.2 mln
Tuesday, 10 Jan 2017 04:15pm EST 

RAIT Financial Trust - : RAIT Financial Trust sells four apartment properties for $109.2 million .Rait financial trust - after using about $94.4 million of gross proceeds to pay transaction costs , repay indebtedness, rait received net proceeds of about $14.8 million.  Full Article

Nexpoint sends follow-up letter to RAIT Financial Trust
Monday, 5 Dec 2016 10:14am EST 

Nexpoint Real Estate Advisors Reiterates Nexpoint’S Interest In Engaging In Discussions With Rait Financial Trust's : Nexpoint Real Estate Advisors, an affiliate of Highland Capital, sends follow-up letter to RAIT Financial Trust - SEC filing . Nexpoint Real Estate Advisors reiterates Nexpoint’s interest in engaging in discussions with RAIT Financial Trust's management and board . Nexpoint Real Estate Advisors says its plan includes merging RAIT Financial Trust into a newly-formed vehicle that is externally managed by Nexpoint .Nexpoint Real Estate Advisors says it will invest up to $30 million in the new co.  Full Article

Rait Financial Trust sells three apartment properties for $73.5 mln
Thursday, 1 Dec 2016 04:15pm EST 

Rait Financial Trust : Rait financial trust sells three apartment properties for $73.5 million .Expects to recognize aggregate gain of about $11.2 million associated with three sales in quarter ending december 31, 2016.  Full Article

Highland Capital Management LP reports 3.3 percent stake in RAIT Financial Trust
Friday, 7 Oct 2016 06:08am EDT 

RAIT Financial Trust : Highland Capital Management LP 3.3 percent stake in RAIT Financial Trust as of October 6, 2016 - SEC filing . Highland Capital Management LP says it intends to engage in discussions with RAIT Financial Trust .Believes that RAIT Financial Trust's common shares are undervalued.  Full Article

Independence realty trust says offering 25 mln common shares
Tuesday, 27 Sep 2016 06:45am EDT 

Independence Realty Trust Inc : Says offering 25.0 million common shares . Announces public offering of common stock . Intends to use net proceeds from offering to repay in full company's $40.0 million senior secured term loan facility . Also intends to use net proceeds from offering to pay $43.0 million for previously-announced internalization of co's management .Any remaining proceeds will be used to repay outstanding borrowings under co's $325 million senior secured credit facility.  Full Article

Independence Realty to enter into agreement with RAIT Financial Trust
Tuesday, 27 Sep 2016 06:40am EDT 

Independence Realty Trust Inc : Says purchase price for internalization is $43 million, subject to certain prorations at closing . Entered agreement with RAIT Financial Trust with respect to separation from RAIT and certain of RAIT's affiliates . James J. Sebra is expected to remain CFO of RAIT until later to occur of March 31, 2017 or filing of RAIT's form 10-K . Entered agreement with RAIT Financial Trust with respect to internalization of IRT's external management arrangements .Agreed to repurchase up to all of about 7.3 million shares of IRT common stock owned by certain of RAIT's subsidiaries.  Full Article

Rait Financial Q2 GAAP loss per share $0.08
Friday, 5 Aug 2016 07:45am EDT 

Rait Financial Trust : Rait financial trust announces second quarter 2016 financial results . Q2 GAAP loss per share $0.08 . Qtrly FFO loss per share $0.08 . Qtrly CAD per share $0.12 . Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S . Sees full-year 2016 loss per share $0.23 to $0.30 . Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S . Total assets under management of $5.5 billion at June 30, 2016 from $5.9 billion at december 31, 201 . Sees 2016 CAD per share is now projected to be in range of $0.48 - $0.55 per common share .Full-year 2016 earnings per share view $-0.44 -- Thomson Reuters I/B/E/S.  Full Article

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* RAIT Financial Trust announces fourth quarter and fiscal 2016 financial results