RAIT Financial (RAS) Tops Q1 EPS by 1c

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RAIT Financial Trust Announces First Quarter 2016 Financial Results

May 9, 2016 8:00 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (RAIT) (NYSE: RAS) today announced first quarter 2016 financial results. All per share results are reported on a diluted basis.

Highlights

Cash Available for Distribution (CAD) per share of $0.14 for the quarter ended March 31, 2016 compared to $0.18 for the quarter ended March 31, 2015. We have changed our calculation of CAD to exclude the impact from real estate property sales. See Schedule VI for our definition of CAD and the rationale for this change. GAAP Earnings (loss) per share of $(0.20) for the quarter ended March 31, 2016... More