Resource Capital (NYSE: RSO) (the "Company") announces that it has closed a $44 million bridge loan secured by a 186,000 square foot grocery anchored retail center in Los Angeles, CA. Major tenants include a Ralph's supermarket, Orchard Supply,...
Resource Capital Corp. (NYSE: RSO) (the "Company") announces the full exercise of the underwriters' option to purchase an additional 2,437,500 shares of common stock in connection with the Company's recently announced public offering, with closing...
Resource Capital (NYSE: RSO) announced today that it has commenced a public offering of 16,250,000 shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to 2,437,500 additional shares of the...
Looking at the universe of stocks we cover at Dividend Channel, on 3/26/13, Resource Capital Corp (NYSE: RSO) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 4/26/13. As a percentage of RSO's recent stock price of $6.73,...
Deutsche Bank maintained Resource Capital (NYSE: RSO) with a Hold rating and raised the price target from $6.50 to $6.75.
Deutsche Bank noted, "RSO reported strong 4Q results, with AFFO beating our estimate and BVPS increasing roughly 2%...
Is a specialty finance company that is involved in commercial real estate assets and to a lesser extent commercial finance assets. The company invests in commercial real estate debt and other commercial finance assets. The company's investment strategy targets commercial real estate assets, commercial finance assets, and residential real estate and related assets.
Commercial real estate assets include:
first mortgage loans
Commercial finance assets include:
senior corporate loans
asset backed securities
private equity investments
The company's residential real estate assets include investments in residential mortgage backed securities (RMBS).
RSO earns money from the spread between revenues from assets less the cost to finance the assets.
RSO is externally managed by Resource Capital Manager, which is a wholly owned subsidiary of Resource America (Nasdaq:REXI), an asset management company involved in financial fund management, real estate, and commercial finance.
As of September 30, 2007
RSO had 75% of its equity capital invested in commercial real estate assets, 24% in commercial bank loans, and 1% in direct financing leases and notes.