SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 24, 2003

                              RAIT INVESTMENT TRUST

             (Exact name of registrant as specified in its charter)




                                                     
     Maryland                       1-14760                    23-2919819
(State of incorporation           (Commission               (I.R.S. Employer
 or organization)                 File Number)             Identification No.)



             1818 Market Street, 28th Floor, Philadelphia, PA 19103
              (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (215) 861-7900





ITEM 5 OTHER EVENTS

On April 24, 2003, RAIT Investment Trust issued a press release regarding its
earnings for the first quarter of fiscal 2003. A copy of this press release is
furnished with this report as an exhibit to Form 8-K.

ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits





Exhibit Number            Description of Document
- --------------            -----------------------
                       
     99                        Press Release




ITEM 9. REGULATION FD DISCLOSURE (INCLUDING ITEM 12 INFORMATION)

On April 24, 2003, RAIT Investment Trust issued a press release regarding its
earnings for the first quarter of fiscal 2003. A copy of this press release is
furnished with this report as an exhibit to Form 8-K. The information contained
in this report on Form 8-K is being furnished pursuant to Item 12 under Item 9
of Form 8-K as directed by the U.S. Securities and Exchange Commission in
Release No. 33-8216.






                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                RAIT INVESTMENT TRUST





                                By:  /s/  Ellen J. DiStefano
                                     -------------------------------
                                     Ellen J. DiStefano
                                     Chief Financial Officer



Date: April 24, 2003