RAIT Financial (RAS) Tops Q2 EPS by 7c

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RAIT Financial Trust Announces Second Quarter 2015 Financial Results

July 30, 2015 7:30 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (RAIT) (NYSE: RAS) today announced second quarter 2015 financial results.

Highlights:

Financial Performance

Quarter over Quarter Highlights

Cash Available for Distribution (CAD) per share grew 95% to $0.37 for the quarter ended June 30, 2015 compared to $0.19 for the quarter ended March 31, 2015. Net interest margin increased 1.2% to $16.5 million for the quarter ended June 30, 2015 compared to $16.3 million for the quarter ended March 31, 2015. Fee and other income increased 32.1% to $7.4 million for the quarter ended June 30, 2015 from $5.6 million for the quarter ended March 31, 2015.... More