RAIT Financial Trust
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RAIT Financial Trust - Company Capsule
Reference Code: FS0461CC
Published Date: April 2011
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RAIT Financial Trust - Company Capsule Page 1
RAIT Financial Trust
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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
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RAIT Financial Trust
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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
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RAIT Financial Trust
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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.
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RAIT Financial Trust
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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
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RAIT Financial Trust
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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
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RAIT Financial Trust
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