Company Information

  

Address: TWO LOGAN SQUARE
100 N. 18TH STREET, 23RD FLOOR 
City: PHILADELPHIA 
State: PA 
Zip Code: 19103 
Telephone: 215-207-2100 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We are an internally-managed Maryland real estate investment trust, or REIT, focused on managing a portfolio of commercial real estate (CRE) loans and properties. As explained further below, we are currently undertaking steps intended to increase RAIT's liquidity and better position RAIT to meet its financial obligations as they come due. We were formed in August 1997 and commenced operations in January 1998. A discussion of our business lines as segments is incorporated by reference to Note 18 of Notes to Consolidated Financial Statements set forth in Part II, Item 8, "Financial Statements and Supplementary Data." Business Strategy On September 7, 2017, we announced that our Board of Trustees, or the board, had formed a committee of independent trustees, or the special committee, to explore and evaluate a wide range of possible strategic and financial alternatives for RAIT.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
There's no share overview data.

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.07Total Liab/Total Assets0.86
Net Inc/Total Assets-0.08Total Liab/Inv Cap0.86
Net Inc/Inv Cap-0.08Total Liab/Comm Equity0.73
Pretax Inc/Net Sales-2.17Interest Coverage Ratio-1.00
Net Inc/Net Sales-2.16Curr Debt/EquityNA
Cash Flow/Net Sales0.15LTD/Equity7.89
SG&A/NetSales0.41Total Debt/Equity7.89
Asset Utilization   Liquidity  
Net Receivables Turnover3.64Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.29  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 10.03 13.51 16.72 18.48
Cost of Goods Sold 7.72 10.82 10.22 12.16
Selling & Admin Exps 9.26 6.41 7.16 7.83
Operating Income -19.73 -14.48 -9.97 -103.55
Interest Exp 17.32 18.24 18.89 19.43
Pretax Income -27.71 1.86 -15.88 -116.86
Other Income 9.34 34.58 12.99 6.12
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -28.70 2.46 -15.84 -120.05

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 237.45 211.29 188.51 282.90
Receivables - Total 15.62 14.78 7.17 8.63
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 235.15 245.90 368.70 434.89
Total Assets 1,604.10 1,791.83 1,867.69 2,041.77
Liabilities        
Accounts Payable 13.95 14.33 25.98 24.39
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 1,272.01 1,390.19 1,427.95 1,588.07
Total Liabilities 1,384.01 1,537.34 1,610.02 1,758.07
Stockholder's Equity        
Minority Interest 0.13 3.63 3.88 3.88
Preferred Stock 0.09 0.09 0.09 0.09
Common Stock 2.78 2.79 2.79 2.79
Retained Earnings -1,964.23 -1,921.53 -1,916.91 -1,888.10
Treasury Stock NA NA NA NA
Total Stockholders' Equity 146.61 176.16 180.01 208.05
Total Liabilities and Stockholders' Equity 1,530.62 1,713.49 1,790.04 1,966.12

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 87.27 -0.63 4.11 4.85
Net Cash Provided by Investing Activities 76.46 40.82 82.47 103.35
Net Cash Provided by Financing Activities -137.58 -32.83 -129.88 -66.75

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013143.02-286.67--
12/2014135.10-289.98--
12/2015142.4363.49--
12/2016120.2150.07--
12/201770.44-151.80--
Growth Rates-16.23----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/189236,51139.45




Report Date : 5/14/2018

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