Company Quick10K Filing
RAIT Financial Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 2 $0
10-Q 2019-11-07 Quarter: 2019-06-30
10-Q 2019-11-07 Quarter: 2019-03-31
10-K 2019-03-26 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-16 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-13 Annual: 2016-12-31
10-Q 2016-11-10 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-17 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-07 Annual: 2013-12-31
10-Q 2013-11-05 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-18 Annual: 2012-12-31
10-Q 2012-08-06 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-02-24 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2020-01-30 Bankruptcy, Shareholder Rights, Officers, Other Events, Exhibits
8-K 2019-12-30 Other Events, Exhibits
8-K 2019-12-23 M&A
8-K 2019-12-10 Officers, Regulation FD
8-K 2019-12-06 Regulation FD, Exhibits
8-K 2019-12-02 Other Events, Exhibits
8-K 2019-11-19 Other Events, Exhibits
8-K 2019-10-03 Enter Agreement, Other Events
8-K 2019-08-27 Enter Agreement, Bankruptcy, Off-BS Arrangement, Officers, Regulation FD, Other Events, Exhibits
8-K 2019-08-20 Off-BS Arrangement
8-K 2019-06-06 Other Events
8-K 2019-01-18 Regulation FD
8-K 2018-12-21 Enter Agreement, Officers, Exhibits
8-K 2018-12-04
8-K 2018-10-05 Enter Agreement, Exhibits
8-K 2018-10-01 Other Events
8-K 2018-08-13 Enter Agreement, Exhibits
8-K 2018-08-13 Shareholder Rights, Other Events, Exhibits
8-K 2018-07-19 Officers, Shareholder Vote, Other Events, Exhibits
8-K 2018-06-27 Enter Agreement, Leave Agreement, M&A, Sale of Shares, Officers, Amend Bylaw, Regulation FD, Other Events, Exhibits
8-K 2018-06-14 Enter Agreement, Exhibits
8-K 2018-06-12 Enter Agreement, Other Events, Exhibits
8-K 2018-06-08 Enter Agreement, Exhibits
8-K 2018-06-05
8-K 2018-05-11
8-K 2018-05-11
8-K 2018-04-06 Enter Agreement, Exhibits
8-K 2018-03-30 Enter Agreement, Exhibits
8-K 2018-03-16 Earnings, Regulation FD, Exhibits
8-K 2018-02-21 Officers, Regulation FD
8-K 2018-02-20 Other Events, Exhibits
8-K 2018-01-19 Enter Agreement, Off-BS Arrangement, Exhibits

RAIT Financial Trust Financials

RAS Metrics, Comps, Filings

Annual | Quarterly

Business

We are an internally-managed Maryland real estate investment trust, or REIT, focused on managing a portfolio of commercial real estate (CRE) loans and properties. As explained further below, we are currently undertaking steps intended to increase RAIT's liquidity and better position RAIT to meet its financial obligations as they come due. We were formed in August 1997 and commenced operations in January 1998. We conduct our business through our real estate lending, owning and managing segment concentrated on lending, owning and managing commercial real estate assets throughout the United States. We incorporate the discussion of this business segment here from Note 17 of Notes to Consolidated Financial Statements set forth in Part II, Item 8, "Financial Statements and Supplementary Data."

RAIT's business strategy has been evolving from September 2017 through the filing of this annual report in response to developments in RAIT's business and financial situation. On September 7, 2017, we announced that our Board of Trustees, or the board, had formed a committee of independent trustees, or the special committee, to explore and evaluate a wide range of possible strategic and financial alternatives for RAIT. On February 20, 2018, we announced that the special committee review had concluded and did not identify a strategic or financial transaction with another counterparty that was preferable to the steps described below. This special committee review, conducted with the support of financial and legal advisors, evaluated a wide range of potential alternatives which included, but were not limited to, (i) refinements of RAIT's operations or strategy, (ii) financial transactions, such as a recapitalization or other change to RAIT's capital structure and (iii) strategic transactions, such as a sale of all or part of RAIT. As a result, the board, after considering the recommendations and advice of the special committee, RAIT's management and legal and financial advisors, determined that RAIT should focus on taking steps to increase RAIT's liquidity and better position RAIT to meet its financial obligations as they come due. We refer to these steps as the 2018 strategic steps and they include, but are not limited to:

• The suspension of our loan origination business along with the implementation of other steps to reduce costs within our other operating businesses;


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
DSG Global (DSGT) 1 59% 0.1 767% 1 1 1 4 4 1
Franchise Holdings International (FNHI) 1 32% -0.5 -199% 1 1 1 0 -1 -1 1
Amedica (AMDA) 0 25% 0.5 -47% 11 5 0 0 -5 -6 -3
Marijuana Co of America (MCOA) 0 74% -0.6 -275% 4 7 1 0 -12 -6 4
Petrogas (PTCO) 0 0% -3.7 0 0 0 0 -0 -0 0
GeoVax Labs (GOVX) 0 0% -0.1 -775% 0 2 1 0 -3 -3 0
USA Equities (USAQ) 0 -36.7 -903% 0 1 0 0 -0 -0 1
RAIT Financial Trust (RAS) 0 0% -5.9 -17% 734 665 49 0 -123 -90 537
Alpine 4 Technologies (ALPP) 0 30% -1.1 -40% 27 41 19 6 -11 -5 6
Kush Bottles (KSHB) 0 18% -0.2 -22% 161 57 102 18 -35 -31 7
Jubilant Flame (JFIL) 0 198% -1.6 -1,033% 0 1 0 0 -0 -0 0
AG&E Holdings (AGNU) 0 27% -0.1 -56% 4 4 12 3 -2 -2 0
EVO Transportation (EVOA) 0 -1% -3.4 -36% 23 33 34 -0 -8 -7 25
Stealth Technologies (STTH) 0 27% -1.2 -268% 1 4 3 1 -2 -1 1
Virtual Crypto Technologies (VRCP) 0 -0.1 -523% 0 1 0 0 -1 -1 0
HK Ebus (HKEB) 0 -8.5 -481% 0 0 0 0 -0 -0 0
Advanced Oxygen Technologies (AOXY) 0 0% 12.2 1% 1 0 0 0 0 0 0
Medifirst Solutions (MFST) 0 113% 0.1 -276% 0 2 0 0 -1 -1 -0
Gopher Protocol (GOPH) 0 5% -0.1 -347% 43 129 41 2 -148 -130 11
FalconStor Software (FALC) 0 96% -0.7 -11% 16 19 14 14 -2 -1 1

Balance Sheet ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash27989421319015863
Accounts Receivable
Inventory
PP&E8921,0041,6722,319716246108
Assets2,9033,0275504,4472,4071,792734
Accounts Payable
Long-Term Debt1,7482,5922,6393,3901,7511,390643
Liabilities1,9892,3393513,6171,9471,534665
Stockholders' Equity91060237440537217669
Income Statement ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2342472432417410049
Cost of Revenue
Gross Profit
R&D
SG&A1715121322526
Tax-1-3000-10
Net Income-38-285-2906350-152-123
Cash Flow ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-2704988109107
Cash Investing94-101-635-403609265510
Cash Financing-8920619319-734-333-623