Rait Financial Trust (RASF) Financial Statements (2025 and earlier)

Company Profile

Business Address TWO LOGAN SQUARE
PHILADELPHIA, PA 19103
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 42,45353,380110,531125,886121,72688,847
Cash and cash equivalent 42,45353,380110,531125,886121,72688,847
Total current assets: 42,45353,380110,531125,886121,72688,847
Noncurrent Assets
Intangible assets, net (including goodwill) 1,7175,37627,60941,52940,47721,554
Goodwill   8,3428,85411,014 
Intangible assets, net (excluding goodwill) 1,7175,37619,26732,67529,46321,554
Total noncurrent assets: 1,7175,37627,60941,52940,47721,554
Other undisclosed assets 689,5941,733,0772,268,7034,279,8813,351,2722,916,836
TOTAL ASSETS: 733,7641,791,8332,406,8434,447,2963,513,4753,027,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 665,2581,533,7031,947,4923,617,1602,846,3252,338,577
Total liabilities: 665,2581,533,7031,947,4923,617,1602,846,3252,338,577
Temporary equity, including noncontrolling interest  78,34381,58185,39579,30852,970
Equity
Equity, attributable to parent, including: 68,506176,155372,384404,528373,545601,563
Common stock 2,7762,7912,7692,7482,4732,143
Additional paid in capital 2,102,2742,094,8042,093,2572,087,1372,025,6831,920,455
Accumulated other comprehensive income (loss) 11,473  (4,699)(20,788)(63,810)
Accumulated deficit (2,048,117)(1,921,533)(1,723,735)(1,680,751)(1,633,911)(1,257,306)
Other undisclosed equity, attributable to parent 1009393938881
Equity, attributable to noncontrolling interest  3,6325,386340,213214,29734,127
Total equity: 68,506179,787377,770744,741587,842635,690
TOTAL LIABILITIES AND EQUITY: 733,7641,791,8332,406,8434,447,2963,513,4753,027,237

Income Statement (P&L) ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 49,26199,718173,607323,982289,714246,875
Revenue, net64,184112,836233,731162,325114,224
Net investment income 48,87270,21589,20398,432133,419 
Financial services revenue   4,191139,179
Cost of revenue (33,995)(130,409)(56,894)(109,001)(117,438)(94,482)
Cost of product and service sold  (37,198)(56,894)(109,001)(81,628)(60,887)
Provision for loan, lease, and other losses (32,875)
Financial services costs(45,614)  (35,810)(33,595)
Gross profit: 15,266(30,691)116,713214,981172,276152,393
Operating expenses (83,119)(54,445)(219,381)(341,042)(247,482)(181,972)
Other undisclosed operating income   56,894109,001117,43894,482
Operating income (loss): (67,853)(85,136)(45,774)(17,060)42,23264,903
Nonoperating income (expense) (6,188)5,955(427)63,595(237,202)(5,233)
Investment income, nonoperating (7,304)5,855 64,604(215,804) 
Other nonoperating income (expense) 1,116100(427)(1,009)(21,398)(5,233)
Interest and debt expense (5,773)4881,331(84,338)(52,970)(41,572)
Income (loss) from continuing operations before equity method investments, income taxes: (79,814)(78,693)(44,870)(37,803)(247,940)18,098
Other undisclosed income (loss) from continuing operations before income taxes (43,458)(73,971)9,541104,094(44,182)(306,395)
Income (loss) from continuing operations before income taxes: (123,272)(152,664)(35,329)66,291(292,122)(288,297)
Income tax expense (benefit) (186)861(2,550)(2,798)2,1472,933
Income (loss) from continuing operations: (123,458)(151,803)(37,879)63,493(289,975)(285,364)
Income (loss) before gain (loss) on sale of properties: (123,458)(151,803)2,26563,493(289,975)(285,364)
Income from discontinued operations   40,144   
Other undisclosed net income   47,808   
Net income (loss): (123,458)(151,803)50,07363,493(289,975)(285,364)
Net income (loss) attributable to noncontrolling interest  (76)(24,733)(23,505)464(28)
Other undisclosed net income (loss) attributable to parent   (35,160)  28
Net income (loss) attributable to parent: (123,458)(151,879)(9,820)39,988(289,511)(285,364)
Preferred stock dividends and other adjustments (9,662)(32,816) (32,830)(28,993)(22,616)
Other undisclosed net loss available to common stockholders, basic      (28)
Net income (loss) available to common stockholders, diluted: (133,120)(184,695)(9,820)7,158(318,504)(308,008)

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (123,458)(151,803)50,07363,493(289,975)(285,364)
Other comprehensive income 2,216 4,08416,08943,02231,363
Other undisclosed comprehensive loss      (28)
Comprehensive income (loss): (121,242)(151,803)54,15779,582(246,953)(254,029)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (76)(24,118)(23,505)46428
Comprehensive income (loss), net of tax, attributable to parent: (121,242)(151,879)30,03956,077(246,489)(254,001)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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