BeaconEquity.com - RAIT Investment Trust (RAS) Posts Higher Q1 Profit of $133.5 Million, $2.14 per Share
Confidence in the U.S. commercial real estate industry remains strong despite a softening economy and turmoil in the capital markets. People purchase real estate either as mere ownership or as an investment. However, a report by the 2008 Real Estate Inv
(EMAILWIRE.COM, May 08, 2008 ) BeaconEquity.com announces the publication of ‘RAIT Investment Trust (RAS) Posts Higher Q1 Profit of $133.5 Million, $2.14 per Share’
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RAIT Investment Trust (RAS) Posts Higher Q1 Profit of $133.5 Million, $2.14 per Share
Confidence in the U.S. commercial real estate industry remains strong despite a softening economy and turmoil in the capital markets. People purchase real estate either as mere ownership or as an investment. However, a report by the 2008 Real Estate Investor Outlook reveals that availability and cost of financing moved up as the top concern for 2008. This poses a timely opportunity for real estate financing firms.
RAIT Investment Trust operates as a self-managed and self-advised real estate investment trust (REIT). Through its subsidiaries, the company provides a set of debt financing options to the real estate industry in the United States and Europe.
Shares of RAIT Investment recently surged after the company reported a higher profit in the first quarter. The company earned $133.5 million, or $2.14 per share, in the first quarter, compared with profit of $20.3 million, or 34 cents per share, for the first quarter last year.
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