RAIT Financial Trust Reports Q4 EPS of $0.29

RAIT Financial Trust RAS today announced results for the fourth quarter and year ended December 31, 2010. RAIT reported net income allocable to common shares for the three-month period ended December 31, 2010 of $29.5 million, or $0.29 total earnings per share - diluted based on 103.0 million weighted-average shares outstanding – diluted, as compared to net income allocable to common shares for the three-month period ended December 31, 2009 of $15.6 million, or $0.24 total earnings per share – diluted based on 66.3 million weighted-average shares outstanding – diluted. RAIT reported net income allocable to common shares for the year ended December 31, 2010 of $98.2 million, or $1.11 total earnings per share – diluted based on 88.3 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common shares for the year ended December 31, 2009 of $441.2 million, or $6.77 total loss per share – diluted based on 65.2 million weighted-average shares outstanding – diluted.