Rait Financial Trust (RAS) 8-K Other Events

Exhibit 99.1

Item 6. Selected Financial Data

The following selected financial data information should be read in conjunction with Item 7 – “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our consolidated financial statements, including the notes thereto, included elsewhere herein.

	As of and For the Year Ended December 31,
	2006		2005		2004		2003		2002
	(Dollars in thousands except share and per share data)
Operating Data:
Net investment income	$	75,095	$	73,241	$	59,025	$	43,069	$	31,582
Total revenue		102,121		92,448		75,561		55,702		47,632
Total expenses		32,221		17,752		15,330		13,162		13,674
Income from continuing operations		72,036		75,041		63,068		45,413		41,331
Net income available to common shareholders		67,839		67,951		60,878		47,164		43,504
Earnings per share from continuing operations
Basic	$	2.12	$	2.48	$	2.36	$	2.16	$	2.38
Diluted	$	2.10	$	2.46	$	2.35	$	2.15	$	2.36
Earnings per share:
Basic	$	2.32	$	2.59	$	2.49	$	2.24	$	2.50
Diluted	$	2.30	$	2.57	$	2.48	$	2.23	$	2.48
Balance Sheet Data:
Investments in securities	$	5,138,311	$	—	$	—	$	—	$	—
Investments in residential and commercial loans		5,922,550		714,428		491,281		344,499		258,922
Total assets		12,060,506		1,024,585		729,498		534,555		438,851
Total indebtedness		10,452,191		329,859		101,288		154,986		144,835
Total liabilities		10,739,829		414,890		187,311		167,945		156,742
Minority interest		124,273		460		478		3,208		4,514
Shareholders’ equity		1,196,404		609,235		541,710		363,402		277,595

	As of and For the Year Ended December 31,
	2006		2005		2004		2003		2002
	(Dollars in thousands except share and per share data)
Other Data:
Common shares outstanding, at period end		52,151,412		27,899,065		25,579,948		23,207,298		18,803,471
Book value per share	$	20.54	$	17.34	$	16.27	$	15.66	$	14.76
Ratio of earnings to fixed charges		1.9x		3.8x		6.4x		10.8x		8.0x
Dividends declared per share	$	2.70	$	2.43	$	2.40	$	2.46	$	2.39

1