one can also lighten their position going into earnings.....................it's rarely an all or nothing deal...........
Thanks. I didn't know they fixed it. I had to get to it in a convoluted way in the past.
IRT is quickly rolling out their plan and if things continue they could have 10,000 units owned by year end.
$200 million is A LOT of money if it is not kept active. It is a little money if it is kept working for RAS..............it's Scott's job to keep it working.....................If he seems to do well with it he gets another pile to play with...............and we get a higher stock price to go with the dividends........
Assuming the cap rate is at the lower end of the range they claim they are buying and we are at 6.5%. Finance 65% of that at 4.67% and the ROE is over 10% before they try to "Push the Rents."
Q3 2013 conference call.
James Sebra says "We ended the quarter with $116 million of cash on hand, primarily due to the cyclical nature of our conduit loan business, plus the increased cash balance from the public offering." I guess accountants know, and anyone that read or listened to the Q3 2013 conference call, and now you, me and anyone reading this thread.
Presumably they are held in different funds and the funds have different boards, so it doesn't count as one entity.
I think the 8.5% is in the bylaws.
Schaefer will not be removed.
This will sound like DF, but I will say it anyway.
If it goes down to 7 town it may be a real buying opportunity. The institutional investors did their homework before they bought. The company is in a health spot to lend lots of money over the coming years. The daily weekly monthly movements of share price do not always properly reflect appropriate pricing.
Maybe, but the new shares are settling in the hands of institutional investors that are fully aware of where RAS is at and are patient long term investors. They don't buy millions of shares only to dump them a few months later.
When will RAS give us projections for 2014?
UBS and DB have projected a healthy near term, now I would like to hear it directly from management.......
The continuing low interests and excessive liquidity provided by the Fed are proving a very healthy environment for RAS to make money.
That would not be correct according to GAAP.
The reason the VIE's cash shows up as restricted is because it is contractually no available and not owned by RAS. Regular operating cash on the books of a regular subsidiary is not restricted. (Nonetheless, IRT does have it earmarked for a particular purpose.)
I'm not sure that it matters. Granted consolidation does distort some numbers. IRT's cash will show up as unrestricted on RAS's BS, but RAS wouldn't dream of using it.
Lots of extra book value for RAS. IRT is small enough and simple enough that one can back it's numbers out if one is interested.
You're probably right to throw in the towel on that prediction. Nonetheless, it appears that many/most of the new shares are in the hands of long term institutional investors. They will not instantly sell because the stock hits $9.95 at some point.
What does that work out to? $5 million per year.
I believe that might be the cheapest money ever for a REIT. RAIT 1 & 2 sure were good deals for RAS.
I wonder what the value of that cheap money would be if they marked to market the value of the cheap funding? No wonder RAS is able to pay out such a health dividend. No wonder Vanguard doubled their investment in RAS over the past few months....................Oh, yeh, Black Rock upped their investment too.