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RAIT Financial Trust (RAS.N)

RAS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RAIT board rejects unsolicited externalization of management proposal
Thursday, 20 Apr 2017 08:00am EDT 

April 20 (Reuters) - RAIT Financial Trust ::RAIT board unanimously rejects unsolicited externalization of management proposal from highland Capital Management, L.P..RAIT board unanimously rejects unsolicited externalization of management proposal from Highland Capital Management, L.P..RAIT Financial Trust - board of trustees unanimously determined that pursuing Highland's proposal "not in best interests of RAIT's shareholders".  Full Article

RAIT Financial Trust revises alternative minimum tax adjustment percentage of 2016 dividends
Thursday, 13 Apr 2017 04:05pm EDT 

RAIT Financial Trust - : RAIT Financial Trust revises alternative minimum tax adjustment percentage of 2016 dividends . RAIT Financial Trust-no amt adjustment (0.00%) to common shareholders, series a, series b, series c preferred shareholders for year ended dec 31,2016 .RAIT Financial Trust-changes do not impact tax characterization of 2016 dividends previously announced on jan 25, 2017 and reported on form 1099-dividend.  Full Article

RAIT Financial sells six properties for $95 mln in Q1
Tuesday, 4 Apr 2017 04:05pm EDT 

RAIT Financial Trust : RAIT Financial Trust sells six properties for $95.0 million in first quarter 2017 . RAIT Financial Trust - RAIT expects to recognize an aggregate gain of approximately $8.9 million associated with sales .RAIT Financial Trust - RAIT used approximately $88.1 million of gross proceeds to pay transaction costs and to repay related indebtedness.  Full Article

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

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BRIEF-RAIT Financial Trust says purported notice of nomination from HCM does not comply with bylaws

* Rait Financial Trust -board of trustees determined purported notice of nomination from Highland Capital Management does not comply with bylaws in various respects