Resource Capital (RSO) Reports Q3 FFO of $0.42; Non-CRE Businesses Being Reported as Discontinued Operations

Resource Capital Corp. Reports Results for Three and Nine Months Ended September 30, 2016

November 13, 2016 6:27 PM EST

NEW YORK, NY -- (Marketwired) -- 11/13/16 -- Resource Capital Corp. (NYSE: RSO)

Significant Items and Highlights

GAAP net loss allocable to common shares was $(1.69) and $(1.42) per share-diluted and Adjusted Funds From Operations ("AFFO") was $0.42 and $1.38 per share-diluted (see Schedule I). On September 8, 2016, Resource America, Inc., the parent company of Resource Capital Corp.'s ("RSO" or the "Company") external manager, was acquired by C-III Capital Partners LLC ("C-III"), a leading commercial real estate investment management and services company engaged in a broad range of activities. In... More