RAIT Financial increases Q2 dividend 5.8% to 18c per share RAIT Financial Trust announced that on June 12, RAITís Board of Trustees declared a Q2 cash dividend on RAITís common shares of 18c per common share, representing a 5.8% increase from the prior quarter's dividend of 17c per common share. The dividend will be paid on July 31 to holders of record on July 11. The ex-dividend date is July 9.
News For RAS From The Last 14 Days
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RAIT 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.