RAIT Financial (RAS) Misses Q1 FFO by 6c
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RAIT Financial Trust Announces First Quarter 2015 Financial Results
April 30, 2015 8:05 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (RAIT) (NYSE: RAS) today announced first quarter 2015 financial results.
Highlights:
Financial Performance
Total revenues grew 12.8% to $75.9 million for the quarter ended March 31, 2015 from $67.3 million for the quarter ended March 31, 2014. Fee and other income increased 27.3% to $5.6 million at March 31, 2015 from $4.4 million for the quarter ended March 31, 2014. Cash Available for Distribution (CAD) per share was $0.19 for the quarter ended March 31, 2015 compared to $0.22 for the quarter ended March 31, 2014.CAD Guidance
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