RAIT Financial Trust Q4 Loss Widens - Quick Facts

(RTTNews) - RAIT Financial Trust (RAS) reported a fourth-quarter net loss to common shares of $255.00 million or $3.11 per share, compared to a loss of $134.49 million or $1.90 per share, prior year. The company noted that its fourth quarter 2014 net loss included $32.1 million of unrealized losses relating primarily to non-cash mark-to-market adjustments in RAIT's legacy Taberna portfolios and the associated hedges and the $215.8 million non-cash loss upon deconsolidation of the Taberna securitizations. CAD, a non-GAAP financial measure, was $21.0 million, or $0.26 per share, for the quarter. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items. Revenue increased to $73.86 million from $67.61 million last year. Investment Interest income was $30.54 million, compared to $39.18 million. Analysts expected revenue of $32.17 million for the quarter.