RAIT Financial Trust Announces 23% Rise In Q4 Earnings

(RTTNews) - RAIT Financial Trust (RAS) reported a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line came in at $25.68 million, or $0.28 per share. This was up from $20.96 million, or $0.26 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.8% to $94.34 million. This was up from $73.83 million last year.

RAIT Financial Trust earnings at a glance:

-Earnings (Q4): $25.68 Mln. vs. $20.96 Mln. last year. -Earnings Growth (Y-o-Y): 22.5% -EPS (Q4): $0.28 vs. $0.26 last year. -EPS Growth (Y-o-Y): 7.7% -Analysts Estimate: $0.22 -Revenue (Q4): $94.34 Mln vs. $73.83 Mln last year. -Revenue Change (Y-o-Y): 27.8%