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March 19, 2014
08:33 EDTRASRAIT Financial increases Q1 cash dividend 6% to 17c
RAIT Financial Trust announced that on March 18, 2014, RAITís Board of Trustees declared a first quarter 2014 cash dividend on RAITís common shares of 17c per common share, representing a 6% increase from the prior quarter's dividend of 16c per common share and a 42% increase from the first quarter 2013 dividend of 12c per common share. The dividend will be paid on April 30, 2014 to holders of record on April 4, 2014. The ex-dividend date is April 2, 2014.
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September 18, 2014
16:22 EDTRASRAIT Financial acquires retail centers for $50.8M
RAIT Financial Trust announced RAITís recent acquisition of two retail centers for a purchase price of $50.8M, substantially below their replacement value. RAIT funded these purchases with $15.8M of available cash and $35M of property level debt. The acquisitions were sourced through Urban Retail Properties, which became a wholly owned subsidiary of RAIT in March. Urban Retail managed these properties for the previous owners and will continue to manage them.
September 16, 2014
16:44 EDTRASRAIT Financial lowers FY14 CAD guidance to 71c-81c from 97c-$1.07
May not compare to consensus $1.05.
16:42 EDTRASRAIT Financial to settle with SEC
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