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Rait Financial Trust (RASFD) Com Stk USD0.03

Sell:$0.051 Buy:$0.051 Change: No change
Market closed |  Prices as at close on 14 October 2019 | Switch to live prices |
Sell:$0.051
Buy:$0.051
Change: No change
Deal now Deal for just £11.95 per trade in a SIPP or Fund and Share Account
Market closed |  Prices as at close on 14 October 2019 | Switch to live prices |
Sell:$0.051
Buy:$0.051
Change: No change
Market closed |  Prices as at close on 14 October 2019 | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

RAIT Financial Trust (RAIT) is a real estate investment trust (REIT). The Company focuses on providing commercial real estate (CRE) financing throughout the United States. The core of its business is a full service CRE lending platform focused on first lien loans. It offers customized lending solutions to meet borrower needs and internal credit goals. It offers personalized middle-market financing solutions and a complement of lending products for CRE. The Company may also offer mezzanine loans and preferred equity interests in limited circumstances to support first lien loans. It is engaged in floating rate securitization programs and has access to multiple sources of funding, including senior debt, convertible securities, preferred securities and common securities. The Company also owns and manages a portfolio of CRE properties, and manages real estate assets for third parties. The Company is engaged in lending, owning and managing CRE assets throughout the United States.

Contact details

Address:
100 N 18th St Fl 23
PHILADELPHIA
19103-2707
United States
Telephone:
+1 (215) 2072100
Website:
www.raitft.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
RASFD
ISIN:
US7492278640
Market cap:
$94,330
Shares in issue:
1.85 million
Sector:
Diversified REITs
Exchange:
OTC Bulletin Board
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel

  • Michael Malter
    Independent Chairman of the Board
  • Scott Davidson
    President, Chief Executive Officer, Trustee
  • Alfred Dilmore
    Interim Chief Financial Officer, Chief Accounting Officer, Interim Treasurer
  • John Reyle
    General Counsel, Senior Managing Director, Chief Legal Officer

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.