RAIT Financial Trust - Company Capsule by ICDResearch

VIEWS: 2 PAGES: 13

More Info
									RAIT Financial Trust

_________________________________________________________________________________




RAIT Financial Trust - Company Capsule
Reference Code: FS0461CC
Published Date: April 2011




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                              Page 1
RAIT Financial Trust

__________________________________________________________________________________________


RAIT Financial Trust - Company Overview

RAIT Financial Trust (RAIT) is a diversified real estate finance company based in the US. The company offers various
debt financing options to the real estate industry and conducts investment activities in real estate related assets. RAIT
engages in the provision of lending solutions under two categories namely, secured lending and unsecured lending. The
company invests and manages various assets, including mezzanine loans, commercial mortgages and other loans; trust
preferred securities and subordinated debentures; and residential mortgage loans. The company conducts its business
operations throughout the US including the states of California, New Jersey, Washington, Arizona, New York, Florida,
Maryland, Virginia, Nevada, Illinois and others. RAIT is headquartered in Philadelphia, Pennsylvania, the US.


Financial Performance

The company reported revenue of US$461.7 million during the fiscal year ended 2009. The company's revenue declined
at a compounded rate of 29.55% during the period 2007-2009 with a year on year decline of 36.91% over fiscal year
2008. During the fiscal year 2009, its operating margin was -15.08% as against the operating margin of -84.98% in fiscal
year 2008. During the fiscal year 2009, the company registered a net margin of -92.61% as against the net margin of -
58.71% in the fiscal year 2008.




RAIT Financial Trust - Key Facts

RAIT Financial Trust, Key Facts

                                  2929 Arch Street, Philadelphia,
                                  Pennsylvania (PA), 19104,         Ticker Symbol, Stock       RAS (New York Stock
Corporate Address:                                                                             Exchange)
                                                                    Exchange
                                  United States


Telephone                          + 1 215 2439000                  No. of Employees           329



Fax                                + 1 215 8617920                  Financial Year End         December



URL                               www.raitft.com                    Revenue (in USD Million)   461.70



Industry                          Financial Services



Locations                         United States

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                                                               Page 2
RAIT Financial Trust

__________________________________________________________________________________________


RAIT Financial Trust - Major Products and Services

RAIT Financial Trust is a self-managed and self-advised real estate investment trust (REIT) based in US. Key services of
the company include the following:

RAIT Financial Trust, Major Products and Services
Services:

Secured Lending:

Mezzanine Loans

Bridge Loans

Conduit Loans

Selected Transactions

Unsecured Lending:

TruPS
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                                                           Page 3
RAIT Financial Trust

__________________________________________________________________________________________


RAIT Financial Trust - Key Competitors

The following companies are the major competitors of RAIT Financial Trust:

Arbor Realty Trust, Inc.

NorthStar Realty Finance Corp.

Resource Capital Corp.

Alesco Financial Inc.

Dynex Capital, Inc.




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                              Page 4
RAIT Financial Trust

__________________________________________________________________________________________


RAIT Financial Trust - Key Employees


RAIT Financial Trust, Key Employees


          Name                             Job Title                      Board Level     Since   Age


Arthur Makadon             Trustee                                  Non Executive Board   2002    67


Daniel Promislo            Trustee                                  Non Executive Board   1997    77


Edward S. Brown            Trustee                                  Non Executive Board   1999    69


Frank A. Farnesi           Trustee                                  Non Executive Board   2006    62


Jack E. Salmon             Chief Financial Officer, Treasurer       Senior Management     2006    55


John F. Quigley            Trustee                                  Non Executive Board   2006    47


Murray Stempel             Trustee                                  Non Executive Board   2006    55


                           Executive Vice President - Asset
Plamen M. Mitrikov                                                  Senior Management     2006    36
                           Management


Raphael Licht              Chief Operating Officer, Secretary       Senior Management     2009    40


S. Kristin Kim             Trustee                                  Non Executive Board   2003    46


                           President, Chief Executive Officer,
Scott F. Schaeffer                                                  Executive Board       2010    48
                           Chairman
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                                                 Page 5
RAIT Financial Trust

__________________________________________________________________________________________


RAIT Financial Trust - Locations and Subsidiaries

Head Office

RAIT Financial Trust
2929 Arch Street
Philadelphia
Pennsylvania (PA)
Zip: 19104
United States
Tel: + 1 215 2439000
Fax: + 1 215 8617920



Other Locations & Subsidiaries

RAIT Financial Trust, Subsidiaries
1805 Old Alabama Road Manager, LLC                                  1805 Old Alabama Road, LLC
United States                                                       United States




210-218 The Promenade North LLC                                     Apartments of Mandalay Bay, LLC
United States                                                       United States


Aslan Centerpoint, LLC                                              Aslan Chalkville, LLC
United States                                                       United States




Aslan Terrace, LLC                                                  Autumn Grove Apartments Illinois, LLC
United States                                                       United States




Autumn Grove Member, LLC                                            Beachcomber Florida, LLC
United States                                                       United States




Belle Creek Apartments Colorado, LLC                                Belle Creek Member, LLC
United States                                                       United States




Belle Creek, LLC                                                    Boca Yamato, LLC
United States                                                       United States




Burton Holdings, LLC
United States


Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

RAIT Financial Trust - Company Capsule                                                                      Page 6
RAIT Financial Trust

_______________________________________
								
To top