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Article: RAIT Financial Trust Announces Third Quarter 2009 Financial Results.
- Article from:
- Business Wire
- Article date:
- November 4, 2009
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PHILADELPHIA -- RAIT Financial Trust ("RAIT") (NYSE: RAS) today announced results for the third quarter ended September 30, 2009.
Summary
* Net loss allocable to common shares of $24.7 million, or $0.38 total loss per share - diluted for the three months ended September 30, 2009 and $456.8 million, or $7.03 total loss per share - diluted for the nine months ended September 30, 2009
* Estimated REIT taxable income, a non-GAAP financial measure of $44.8 million, or $0.69 per share - diluted for the three months ended September 30, 2009 and estimated REIT taxable loss of $26.2 million, or $0.40 per share - diluted for the nine months ended ...