RAIT Financial Trust Expects 2015 CAD/shr Of $1.02-$1.20 - Quick Facts

(RTTNews) - RAIT Financial Trust (RAS) expects that its 2015 full year cash available for distribution CAD per share will be in a range of $1.02-$1.20 per common share. CAD guidance includes $0.26-$0.32 per share of previously announced gains on property sales expected during 2015.

Analysts polled by Thomson Reuters expect the company to report earnings of $1.10 per share for fiscal 2015. Analysts' estimates typically exclude special items.

The company expects 2015 results allocable to common shares to be in the range of loss $8.20 million - net income of $7.60 million.

On March 16, 2015, RAIT's Board of Trustees declared a first quarter 2015 cash dividend on RAIT's common shares of $0.18 per common share. The dividend will be paid on April 30, 2015 to holders of record on April 10, 2015. The ex-dividend date is April 8, 2015.