Resource Capital (RSO) Misses Q3 EPS by 21c
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Resource Capital Corp. Reports Results for Three and Nine Months Ended September 30, 2015
November 3, 2015 9:39 PM ESTNEW YORK, NY -- (Marketwired) -- 11/03/15 -- Resource Capital Corp. (NYSE: RSO)
Highlights and Significant Items
Adjusted Funds from Operations ("AFFO") of $0.44 and $1.71 per share (see Schedule I). Closed a $312.9 million CRE securitization at a weighted average cost of LIBOR + 171 bps. From mid-August through November 2, 2015, RSO has repurchased $24.8 million of common stock, which includes $15.4 million repurchased through September 30, 2015. Net interest income increased $89,000, or 0.4% and $6.1 million, or 10.3%, as compared to the three and... More