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Profile - RAIT Investment Trust (AMEX:RAS)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Aug 23Price hit new 52-week high ($17.25)
Location
1845 Walnut Street, 10th Floor
Philadelphia, PA 19103
Phone: (215) 861-7900
Fax: (215) 861-7920
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Websites
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 ·Products & Services
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Ownership
·Insider and 5%+ Owners: 19%
·Over the last 6 months:
 · 15 insider buys; 544.0K shares (30.6% of insider shares)
·Institutional: 20% (24% of float)
(31 institutions)
·Net Inst. Selling: 103.0K shares (+4.36%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
RAIT Investment Trust (RAIT) is a real estate investment trust (REIT) that conducts its operations through RAIT Partnership, L.P., a limited partnership that owns substantially all of the Company's assets. RAIT has three principal business activities: making real estate loans directly to borrowers; acquiring real estate loans from others; and acquiring real properties or interests in real properties. The Company makes real estate loans directly to borrowers whose financing needs do not conform to the criteria of institutional lenders that securitize loans. RAIT acquires existing real property loans held by banks, other institutional lenders or third-party investors. The Company also acquires real property either directly or indirectly through ownership of an interest in an entity that itself owns real property.
More from Market Guide: Expanded Business Description

Financial Summary
RAS principal business activity is to provide or acquire loans secured by mortgages on commercial real estate property or similar instruments in situations, that, generally, do not conform to the underwriting standards. For the six months ended 6/30/01, revenues rose 24% to $22.9 million. Net income before extraordinary items increased 32% to $8 million. Results reflect increased rental income, and decreased interest expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Betsy Cohen, 59
Chairman, CEO, Trustee
$458K
Scott Schaeffer, 38
Pres, COO
46K
Ellen DiStefano, 35
CFO and Vice Pesident
218K
S. Peter Albert, 61
Trustee
--  
Edward Brown, 60
Trustee
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- AMEX:RASAs of 31-Aug-2001
Price and Volume
52-Week Low
on 19-Oct-2000
$11.25 
Recent Price$16.78 
52-Week High
on 23-Aug-2001
$17.25 
Beta0.41 
Daily Volume (3-month avg)52.1K
Daily Volume (10-day avg)35.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+41.3%
52-Week Change
relative to S&P500
+89.6%
Share-Related Items
Market Capitalization$208.4M
Shares Outstanding12.4M
Float10.1M
Dividends & Splits
Annual Dividend (indicated)$2.08 
Dividend Yield12.40%
Last Splitnone 
Per-Share Data
Book Value (mrq)$13.80 
Earnings (ttm)$1.95 
Earnings (mrq)$0.53 
Sales (ttm)$6.04 
Cash (mrq)$0.70 
Valuation Ratios
Price/Book (mrq)1.22 
Price/Earnings (ttm)8.60 
Price/Sales (ttm)2.78 
Income Statements
Sales (ttm)$43.0M
EBITDA (ttm)$29.9M
Income available to common (ttm)$14.0M
Profitability
Profit Margin (ttm)32.6%
Operating Margin (ttm)32.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)5.06%
Return on Equity (ttm)13.51%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.14 
Total Cash (mrq)$6.70M
Short Interest
As of 8-Aug-2001
Shares Short4,000 
Percent of Float0.0%
Shares Short
(Prior Month)
4,000 
Short Ratio0.09 
Daily Volume45.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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