RAIT Financial (RAS) Misses Q1 EPS by 35c, FFO of -$0.30

RAIT Financial (NYSE: RAS) reported Q1 EPS of ($0.33), $0.35 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $29.6 million versus the consensus estimate of $20.18 million.

Financial Results for the Quarter

• GAAP loss per share of $(0.33) for the quarter ended March 31, 2017 compared to loss per share of $(0.20) for the quarter ended March 31, 2016. The GAAP loss per share for the quarter ended March 31, 2017 includes a $(0.17) per share, non-cash loss on deconsolidation of five properties which is expected to reverse in future periods as described below.
• Cash Available for Distribution (“CAD”) per share of $0.06 for the quarter ended March 31, 2017, compared to $0.14 per share for the quarter ended March 31, 2016.

For earnings history and earnings-related data on RAIT Financial (RAS) click here.

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