RAIT FINANCIAL TRUST
SymbolRAS

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RAIT Financial Trust Announces Third Quarter 2009 Financial Results

2009-11-04 08:46 ET - News Release


Company Website: http://www.raitft.com
PHILADELPHIA -- (Business Wire)

RAIT Financial Trust (“RAIT”) (NYSE: RAS) today announced results for the third quarter ended September 30, 2009.

Summary

  • Net loss allocable to common sharesof $24.7 million, or $0.38 total loss per share - diluted for the three months endedSeptember 30, 2009 and $456.8 million, or $7.03 total loss per share - diluted for the nine months ended September 30, 2009
  • Estimated REIT taxable income, a non-GAAP financial measure of $44.8 million, or $0.69 per share - diluted for the three months ended September 30, 2009 and estimated REIT taxable loss of $26.2 million, or $0.40 per share - diluted for the nine months ended September 30, 2009
  • Debt to equity ratio improved to 3.3 times at September 30, 2009 as compared to 5.4 times at December 31, 2008
  • Launched fixed income securities and commercial real estate advisory businesses
  • Book value was $8.57 per common share at September 30, 2009

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