RAIT sees positive trends in its portfolio

RAIT Financial Trust, a Philadelphia company that invests in real estate and lends money for real estate, reported positive trends in its loan portfolio.

The company said it had $91.8 million in troubled loans on Sept. 30, down from $143.2 million a year ago.

The occupancy rate for its apartment, office, and retail properties has improved steadily over the past year, to 84.5 percent on Sept. 30 from 74.8 percent a year ago.

RAIT's shares were up 15 percent, or 68 cents, to $5.30 on the New York Stock Exchange.    - Harold Brubaker