RAIT Financial Trust Provides Earnings Guidance for the Six Months Ended June 30, 2017
August 03, 2017 at 08:00 am EDT
RAIT Financial Trust provided earnings guidance for the six months ended June 30, 2017. For the period, Preliminary GAAP loss per share of between $1.32 to $1.41 for the quarter ended June 30, 2017, primarily caused by the estimated non-cash asset impairment charges and a provision for loan losses on legacy CRE loans. Preliminary GAAP loss per share of between $1.65 to $1.74 for the six-months ended June 30, 2017 compared to loss per share of $0.28 for the six-months ended June 30, 2016. Net loss available to common shares to be in between $120,999,000 to 129,499,000. Loss per share of between 0.04 to $0.05 for the quarter ended June 30, 2017, compared to $0.12 per share for the quarter ended June 30, 2016.
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