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Resource Capital (RSO) |
Benzinga
Apr 29
Comment
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,...
Benzinga
Apr 25
Comment
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...
Benzinga
Apr 9
Comment
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...
Forbes
Mar 22
Comment
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,...
StreetInsider.com
Mar 20
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/Resource+Capital+%28RSO%29+Files+%24300M+Mixed+Shelf/8201577.html for the full story.
Forbes
Mar 18
Comment
Vermilion Energy Incorporated (VET) maintained its monthly dividend of 20 Canadian cents per share. The ex-dividend date for this payment is March 26 , 2013.
StreetInsider.com
Mar 15
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Resource+Capital+%28RSO%29+Declares+%240.20+Quarterly+Dividend%3B+11.8%25+Yield/8188812.html for the full story.
Benzinga
Mar 11
Comment
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%...
StreetInsider.com
Mar 5
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Resource+Capital+%28RSO%29+Reports+Q4+AFFO+of+%240.22Share/8154922.html for the full story.
Forbes
Jan 2
Comment
In trading on Wednesday, shares of Resource Capital Corp (NYSE: RSO) crossed above their 200 day moving average of $5.62, changing hands as high as $5.79 per share. Resource Capital Corp shares are currently trading up about 2.9% on the day. The...
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
Background
- Began operations as a REIT in March 2005.
- 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
- mezzanine debt
- CMBS
- A-Notes
- Commercial finance assets include:
- senior corporate loans
- asset backed securities
- equipment leases
- CDOs
- 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.
Competitors
References
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