RAIT Financial Trust
Real Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | |
|---|---|---|---|---|---|---|
| Revenue | $4.0M | $9.5M | $48.7M | $211.6M | $238.2M | $246.9M |
| Operating income | −$67.9M | −$85.1M | −$45.8M | −$8.4M | $42.3M | $64.9M |
| Net income | −$27.7M | −$21.5M | −$9.8M | $7.2M | −$318.5M | −$285.4M |
| Total assets | $733.8M | $1.79B | $2.41B | $4.42B | $3.51B | $3.03B |
| Total liabilities | $665.3M | $1.53B | $1.95B | $3.59B | $2.85B | $2.34B |
| Equity | $68.5M | $176.2M | $372.4M | $404.5M | $373.5M | $601.6M |
| EPS (diluted) | $-18.55 | $-16.48 | $-0.20 | $0.08 | $-3.92 | $-4.54 |
| Shares out. | 93.0M | 92.5M | 91.6M | 82.8M | 81.9M | 60.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2018- Operating margin
- −1709.1%
- Net margin
- −697.9%
- Return on equity
- −40.4%
- Return on assets
- −3.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 90.7%
- Debt / equity
- 9.71×
- Book value / share
- $0.74
- Revenue growth (YoY)
- −58.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2018- Accruals / assets
- −4.8%clean
- Piotroski F-Score
- 3/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 15, 2019
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2019
- NT 10-Qmissed a reporting deadline ↗May 16, 2019
- NT 10-Qmissed a reporting deadline ↗Nov 13, 2017
- NT 10-Qmissed a reporting deadline ↗Nov 10, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventMar 27, 2020
- Other material eventMar 25, 2020
- Other material eventMar 4, 2020
- Bankruptcy or receivership · Modified shareholder rights · Director / officer change · Other material eventJan 31, 2020
- Other material eventJan 3, 2020
- Completed an acquisition or dispositionDec 26, 2019
- Director / officer change · Regulation FD disclosureDec 13, 2019
- Regulation FD disclosureDec 11, 2019
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12BMar 27, 2020
- 8-KMar 27, 2020
- 8-K8-K - FEBRUARY MORMar 25, 2020
- 8-KMar 4, 2020
- 8-KJan 31, 2020
- 8-KJan 3, 2020
- 8-KFORM 8-KDec 26, 2019
- EFFECTDec 19, 2019
- 8-KFORM 8-KDec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-151627)Dec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-67452)Dec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-125480)Dec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-218983)Dec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-100766)Dec 13, 2019
- S-8 POSPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 (333-182094)Dec 13, 2019
Event-driven situations (1)
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