Rochester, NY 9/1/2009 11:58:21 AM
RAIT Financial Trust RAS, Trading down 4.98% at closed market
RAIT Financial Trust RAS
RAIT Financial Trust a real estate investment trust originates secured and unsecured credit facilities including bridge and mezzanine loans preferred equity investments trust preferred securities and subordinated debt for private and corporate owners of commercial real estate REITs and real estate operating companies and their intermediaries throughout the United States.
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Last Trade: 2.86
Day's Range: 2.78 - 2.96
52wk Range: 0.45 - 7.47
Change: Down 0.15 (4.98%)
Volume: 1,081,872
Avg Vol (3m): 835,722
ABOUT RAIT Financial Trust
RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT) in the United States and Europe. The company, through its subsidiaries, provides a set of debt financing options to the real estate industry; and invests in real estate related assets. It manages and invests various assets, including commercial mortgages, mezzanine loans, and other loans; trust preferred securities and subordinated debentures; residential mortgage loans; and mortgaged-backed securities, including residential mortgage-backed securities, commercial mortgage-backed securities, unsecured REIT notes, and other real estate-related debt securities. The company also invests in real estate interests in entities that own real estate. RAIT Financial Trust qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. RAIT Investment Trust was founded in 1997 and is based in Philadelphia, Pennsylvania.
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