RAIT Financial (RAS) Tops Q3 EPS by 3c
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RAIT Financial Trust Announces Third Quarter 2015 Financial Results
November 5, 2015 7:45 AM ESTPHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (RAIT) (NYSE: RAS) today announced third quarter 2015 financial results.
Highlights:
Cash Available for Distribution (CAD) per share of $0.27 for the quarter ended September 30, 2015 compared to $0.00 for the quarter ended September 30, 2014. RAIT paid a third quarter dividend of $0.18 per common share on October 30, 2015. Investments in mortgages and loans, at cost, increased 14.4% to $1.59 billion at September 30, 2015 from $1.39 billion at December 31, 2014. RAIT originated $237.7 million of loans during the quarter ended September 30, 2015 and $675.1 million of loans during the nine-month... More