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RAIT Financial Trust Message Board

  • imjoel00 imjoel00 May 6, 2014 4:32 PM Flag

    Cramer Disses Ras

    Highlights from the ratings report include:
    ◾ RAS's revenue growth has slightly outpaced the industry average of 8.3%. Since the same quarter one year prior, revenues rose by 15.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
    ◾ Net operating cash flow has significantly increased by 253.63% to $24.97 million when compared to the same quarter last year. In addition, RAIT FINANCIAL TRUST has also vastly surpassed the industry average cash flow growth rate of -70.87%.
    ◾ RAIT FINANCIAL TRUST has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, RAIT FINANCIAL TRUST reported poor results of -$4.58 versus -$3.92 in the prior year. This year, the market expects an improvement in earnings ($1.14 versus -$4.58).
    ◾ The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has significantly decreased by 179.2% when compared to the same quarter one year ago, falling from -$46.09 million to -$128.71 million.
    ◾ Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, RAIT FINANCIAL TRUST's return on equity significantly trails that of both the industry average and the S&P 500.

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