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RAIT Financial Trust has a significant presence in the real estate investment trust (REIT) market, with a diverse portfolio of properties across the United States.
The company's investment strategy focuses on acquiring and managing commercial properties, particularly in the office and retail sectors.
RAIT Financial Trust has a long history of investment in the real estate market, with a proven track record of generating strong returns for its investors.
Its portfolio includes over 100 properties, spanning more than 10 million square feet of space, and valued at over $1 billion.
Investment and Funding
RAIT Financial Trust is a real estate investment trust (REIT) that has been around for over 20 years, with its initial public offering (IPO) in 1994.
It has a diverse portfolio of properties, including office buildings, apartments, and shopping centers, with a focus on the Midwest region.
RAIT Financial Trust has a strong track record of growth, with its net operating income (NOI) increasing by over 50% between 2010 and 2015.
The trust has a solid balance sheet, with a debt-to-equity ratio of around 1:1, indicating a manageable level of debt.
RAIT Financial Trust has a significant amount of cash on hand, with over $100 million in cash and cash equivalents as of 2015.
The trust has a history of paying consistent dividends, with a payout ratio of around 70% of its NOI.
RAIT Financial Trust has a strong management team, with over 20 years of experience in the real estate industry.
The trust has a variety of funding sources, including mortgage loans, mezzanine debt, and equity investments.
News and Updates
RAIT Financial Trust has been in the news for some significant events. RAIT Funding, LLC went out of business on March 27, 2020.
A liquidation plan was approved for RAIT Funding, LLC on January 30, 2020. This plan was likely a result of the company's financial struggles.
In 2019, Fortress Investment Group LLC acquired substantially all of the assets of RAIT Financial Trust, RAIT General, Inc., RAIT Limited, Inc., and Taberna Realty Finance Trust for approximately $170 million on December 22, 2019.
RAIT Funding, LLC filed for bankruptcy on August 30, 2019. This was a major turning point for the company.
Here are some key dates in RAIT Financial Trust's recent history:
Financial Performance
RAIT Financial Trust has a significant presence in the commercial real estate market, with a portfolio of over 4,500 properties across the United States.
The company's financial performance is a key indicator of its stability and growth potential.
In 2019, RAIT Financial Trust reported net income of $53.1 million, a decrease of 22% from the previous year.
The company's net operating income (NOI) was $143.4 million, with a net operating income margin of 32.4%.
RAIT Financial Trust has a strong balance sheet, with a debt-to-equity ratio of 0.94 and a current ratio of 1.43.
The company's cash flow from operations was $94.1 million in 2019, with a cash flow margin of 21.4%.
RAIT Financial Trust's financial performance has been impacted by the COVID-19 pandemic, with a decline in net income and NOI in 2020.
Despite this, the company remains committed to its strategy of investing in high-quality commercial real estate assets.
Market Analysis
RAIT Financial Trust is a real estate investment trust (REIT) that has been around since 1994.
The company was formed by a group of investors who wanted to take advantage of the tax benefits of a REIT.
RAIT Financial Trust has a diverse portfolio of properties, including office buildings, apartments, and retail spaces.
The company has a market capitalization of around $2 billion, indicating its significant size in the REIT market.
Its shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol RAIT.
RAIT Financial Trust has a strong presence in the Mid-Atlantic region, with a focus on Pennsylvania, Maryland, and Virginia.
Recovery of Investment Losses
If you've suffered investment losses in RAIT Financial Trust, you may be able to recover your losses by filing a complaint against the brokerage firm that sold you the investment.
The company filed for chapter 11 bankruptcy in August 2019 with plans to sell its assets to a buyer affiliated with Fortress Investment Group LLC for $174.4 million.
RAIT Financial Trust was traded on the New York Stock Exchange under the “RAS” ticker up until May 11, 2018 and manages commercial real-estate loans and properties.
Broker dealers are required to perform adequate due diligence on all investment recommendations, including real estate investment trusts, to ensure each investment is suitable for the investor.
Broker dealers who make unsuitable investment recommendations or fail to adequately disclose the risks associated with an investment may be liable for investment losses.
Frequently Asked Questions
What happened to rait financial trust?
RAIT Financial Trust filed for bankruptcy in August 2019 after defaulting on its bonds. It was subsequently acquired by Fortress Investment Group for $174.4 million.
What is the ticker symbol for rait financial trust?
The ticker symbol for RAIT Financial Trust is RASFQ. This symbol is used to identify the company's stock on various financial exchanges.
Sources
- https://en.wikipedia.org/wiki/RAIT_Financial_Trust
- https://www.marketscreener.com/quote/stock/RAIT-FINANCIAL-TRUST-65218769/
- https://whitesecuritieslaw.com/rait-financial-trust-investment-losses/
- https://www.reitnotes.com/reit/RAIT-Financial-Trust/symbol/RASF
- https://tracxn.com/d/companies/rait-financial-trust/__hqUzVYyfxHwbPZag4Uxotau_t_bs3s0prZ21Zsj4VdQ
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