- RAIT Financial (RAS) introduces new metric - Cash available for distribution. In Q1 CAD per share of $0.22 was up 22.2% from a year ago. Dividend of $0.17.
- CRE loan portfolio: Investments in mortgages and loans of $1.24B up 11% from the end of 2013. Bridge loan originations of $175.6M up 35% exceeds all of 2013 action.
- CRE property portfolio: Average effective rent per unit of $767 up 4.2% Y/Y. Investments in real estate of $1.2B up 20%. Rental income of $35.2M up 29% (14 properties acquired).
- Adjusted book value of $6.50 per share.
- CC at 9 ET
- Source: Press Release
- Previously: RAIT Financial Trust misses by $0.05, beats on revenues