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For the six months ended 30 June 2019, RAIT Financial Trust revenues decreased 64% to $19.8M. Net loss applicable to common stockholders decreased 82% to $15.5M. Revenues reflect Investment Interest income decrease of 63% to $13M, Property income decrease of 62% to $6.6M, Fee and other income decrease of 92% to $187K. Lower net loss reflects Provision (benefit) for loan losses decrease from $22.8M (expense) to $10.1M (income).
Period Ending: | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 |
---|---|---|---|---|
Total Revenue | 9.48 | 10.32 | 10.08 | 15.27 |
Gross Profit | 4.04 | 4.15 | 1.74 | 4.48 |
Operating Income | -0.45 | -6.64 | -18.68 | -28.52 |
Net Income | 0.83 | -6.2 | -17.69 | -21.04 |
Period Ending: | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 |
---|---|---|---|---|
Total Assets | 582.58 | 673.78 | 733.76 | 957.6 |
Total Liabilities | 518.12 | 610.84 | 665.26 | 873.19 |
Total Equity | 64.45 | 62.94 | 68.51 | 84.41 |
Period Ending: | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -8.04 | -5.7 | 7.4 | 10.23 |
Cash From Investing Activities | 119.9 | 55.61 | 510.31 | 396.12 |
Cash From Financing Activities | -141.39 | -51.29 | -623.49 | -433.13 |
Net Change in Cash | -29.53 | -1.38 | -105.77 | -26.79 |
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