8-7-13 6:00 PM EDT | Email Article
http://media.marketwire.com/attachments/200610/289990_resourceamericalog.jpg http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=1040910&ProfileId=051205&sourceType=1

PHILADELPHIA, PA -- (Marketwired) -- 08/07/13 -- Resource America, Inc. (NASDAQ: REXI) (the "Company") reported adjusted income from continuing operations attributable to common shareholders, net of tax, a non-GAAP measure, of $3.2 million, or $0.15 per common share-diluted, and $8.5 million, or $0.39 per common share-diluted, for the third fiscal quarter and nine months ended June 30, 2013 as compared to an adjusted loss from continuing operations attributable to common shareholders, net of tax, of $496,000, or $0.03 per common share-diluted, and $8.0 million, or $0.41 per common share-diluted, for the third fiscal quarter and nine months ended June 30, 2012. A reconciliation of the Company's reported GAAP income (loss) from continuing operations before taxes to adjusted income (loss) from continuing operations attributable to common shareholders, net of tax, a non-GAAP measure, is included as Schedule I to this release.

The Company reported GAAP net income attributable to common shareholders of $1.5 million, or $0.07 per common share-diluted, and $819,000, or $0.04 per common share-diluted, for the third fiscal quarter and nine months ended June 30, 2013 as compared to GAAP net income attributable to common shareholders of $30.2 million, or $1.44 per common share-diluted, and $28.1 million, or $1.37 per common share-diluted, for the third fiscal quarter and nine months ended June 30, 2012. Included in GAAP net income attributable to common shareholders for the third fiscal quarter and nine months ended June 30, 2012, was a $34.5 million and $40.0 million gain, net of tax, respectively, on the deconsolidation and sale of the Company's credit loan manager and commercial finance subsidiary.

Jonathan Cohen, CEO and President, commented, "We are pleased with the solid results of our third fiscal quarter and our current position. During the quarter we increased assets under management to $16.1 billion from $15.0 billion a year ago. In our Real Estate Asset Management businesses, we raised a record $209 million of capital. In our Credit Asset Management businesses, CVC Credit Partners -- our joint venture with CVC Capital -- closed a $456 million listed fund (LSE: CCPE) (LSE: CCPG) as well as another $523 million CLO. We continue to work to grow and expand our existing businesses and to add new products to fuel additional growth, such as our Real Estate Diversified Income Fund, our first mutual fund product which launched at the very end of the second quarter. With increasing AUM, positive operating earnings, great products and a strong balance sheet we think we are in a very good position looking forward."

Assets Under Management

The following table details the Company's assets under management by operating segment, which increased by $1.1 billion (7%) from June 30, 2012 to June 30, 2013:


                                               June 30,         June 30,
                                                 2013             2012
                                           ---------------- ----------------
Financial fund management                  $   13.6 billion $   12.7 billion
Real estate                                     1.9 billion      1.7 billion
Commercial finance                              0.6 billion      0.6 billion
                                           ---------------- ----------------
                                           $   16.1 billion $   15.0 billion
                                           ================ ================

A description of how the Company calculates assets under management is set forth in Item 1 of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

Highlights for the Third Fiscal Quarter Ended June 30, 2013 and Recent Developments

REAL ESTATE ASSET MANAGEMENT:

Equity Asset Management
Resource Real Estate Opportunity REIT, Inc, a public non-traded REIT managed by the Company, specializing in acquiring and managing distressed real estate assets, had the following highlights:

  • Raised a record $74.2 million during the third fiscal quarter ended June 30, 2013. Subsequent to quarter end, raised a record $33.0 million in total equity capital for the month ended July 31, 2013.
  • Increased total assets to $288.8 million at June 30, 2013, an increase of $155.4 million, or 116%, from June 30, 2012. Highlights for the third fiscal quarter ended June 30, 2013:
    • Acquired three multifamily rental apartment properties totaling $45.8 million located in Hoover, AL, Spring, TX and Winter Park, FL.
    • Sold one multifamily rental apartment property in Birmingham, AL for $10.3 million.
  • In July 2013, entered into an agreement to acquire 10 multifamily assets totaling 2,513 units and two office properties that contain 75,518 rentable square feet for $52.7 million.

Debt Asset Management
Resource Capital Corp. ("RSO"), a publicly traded REIT managed by the Company, focusing on commercial real estate assets, had the following highlights:

  • Raised $134.6 million in equity capital, including $114.6 million, net of underwriting discounts and expenses, in connection with the April 2013 public offering of 18.7 million shares of its common stock at a price of $6.33 per share.
  • Increased total equity capital managed, including preferred equity, at June 30, 2013 to $821.9 million, an increase of $293.8 million, or 56%, from June 30, 2012.
  • Closed $91.3 million of new whole loans during the three months ended June 30, 2013.

The following additional highlights contributed to our real estate asset management operations:

  • Resource Real Estate Management, Inc., the Company's property management subsidiary, increased the apartment units it manages to 19,010 units (at 65 properties) as of June 30, 2013 from 17,897 units (at 61 properties) as of June 30, 2012.
  • The Company's real estate operating segment increased its assets under management at June 30, 2013 to $1.9 billion, an increase of $193.0 million, or 11%, from June 30, 2012.
  • Real estate revenues increased 11% and 25% to $12.2 million and $36.6 million for the third fiscal quarter and nine months ended June 30, 2013, respectively, as compared to $10.9 million and $29.3 million for the third fiscal quarter and nine months ended June 30, 2012, respectively.

FINANCIAL FUND MANAGEMENT:

Credit Asset Management
CVC Credit Partners, L.P. ("CCP"), the Company's global joint venture with CVC Capital Partners SICAV-FIS, S.A. ("CVC") completed the following transactions:

  • Closed Apidos CLO XII (par value $523.0 million) and Apidos CLO XIV (par value $617.0 million) in April and July 2013, respectively. In connection with these Collateralized Loan Obligations, CCP expects to receive approximately $5.2 million annually in asset management fees in the future.
  • In June 2013, completed a public offering of CVC Credit Partners European Opportunities Limited, an investment vehicle providing investors access to the sub-investment grade European debt markets. The offering raised Euro 174.7 million and Sterling 150.8 million before transaction fees and expenses. Euro denominated shares will trade under the symbol "CCPE" and Sterling denominated shares will trade under the symbol "CCPG", both on the London Stock Exchange.

The following additional highlight contributed to our financial fund asset management operations:

  • The Company's financial fund management operating segment increased its assets under management at June 30, 2013 to $13.6 billion, an increase of $0.9 billion, or 7%, from June 30, 2012.

CORPORATE/OTHER:

Dividends

  • The Company's Board of Directors authorized the payment on July 31, 2013 of a $0.03 cash dividend per share on the Company's common stock to holders of record as of the close of business on July 19, 2013.
  • RSO's Board of Directors declared a cash dividend of $0.20 per common share for its second fiscal quarter ended June 30, 2013.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities for its own account and for outside investors in the real estate, financial fund management and commercial finance sectors as well as our joint ventures.

For more information, please visit our website at www.resourceamerica.com or contact investor relations at pkamdar@resourceamerica.com.

Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied in this release and its other reports filed with the Securities and Exchange Commission. For information pertaining to risks relating to these forward-looking statements, reference is made to the section "Risk Factors" contained in Item 1A of the Company's Annual Report on Form 10-K and in other of its public filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new or changing information or events except as may be required by law.

A registration statement relating to securities offered by RRE Opportunity REIT was declared effective by the SEC on June 16, 2010. A written prospectus relating to these securities may be obtained by contacting Resource Securities, Inc., 1845 Walnut Street, 18th Floor, Philadelphia, PA 19103.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The remainder of this release contains the Company's unaudited consolidated balance sheets, consolidated statements of operations and consolidated statements of cash flows and reconciliation of GAAP income (loss) from continuing operations before taxes to adjusted income (loss) from continuing operations attributable to common shareholders, net of tax.


                           RESOURCE AMERICA, INC.
                        CONSOLIDATED BALANCE SHEETS
                     (in thousands, except share data)

                                                 June 30,     September 30,
                                                    2013           2012
                                               -------------  -------------
                                                (unaudited)
ASSETS
  Cash                                         $      12,173  $      19,393
  Restricted cash                                        561            642
  Receivables                                          1,069          3,554
  Receivables from managed entities and
   related parties, net                               32,433         41,051
  Investments in real estate, net                     17,016         19,149
  Investment securities, at fair value                31,151         22,532
  Investments in unconsolidated loan manager          37,326         36,356
  Investments in unconsolidated entities              13,518         12,993
  Property and equipment, net                          2,496          2,732
  Deferred tax assets, net                            37,292         34,565
  Other assets                                         6,257          3,776
                                               -------------  -------------
    Total assets                               $     191,292  $     196,743
                                               =============  =============

LIABILITIES AND EQUITY
Liabilities:
  Accrued expenses and other liabilities       $      18,827  $      23,042
  Payables to managed entities and related
   parties                                             3,251          4,380
  Borrowings                                          22,062         23,020
                                               -------------  -------------
    Total liabilities                                 44,140         50,442
                                               -------------  -------------

Commitments and contingencies

Equity:
  Preferred stock, $1.00 par value, 1,000,000
   shares authorized; none outstanding                     -              -
  Common stock, $.01 par value, 49,000,000
   shares authorized; 30,330,554 and
   29,866,664 shares issued (including
   nonvested restricted stock of 422,013 and
   403,195), respectively                                299            294
  Additional paid-in capital                         287,907        285,844
  Accumulated deficit                                (26,076)       (24,508)
  Treasury stock, at cost; 9,910,144 and
   9,756,955 shares, respectively                   (103,392)      (102,457)
  Accumulated other comprehensive loss               (11,764)       (13,080)
                                               -------------  -------------
    Total stockholders' equity                       146,974        146,093
  Noncontrolling interests                               178            208
                                               -------------  -------------
    Total equity                                     147,152        146,301
                                               -------------  -------------
                                               $     191,292  $     196,743
                                               =============  =============



                           RESOURCE AMERICA, INC.
                   CONSOLIDATED STATEMENTS OF OPERATIONS
                   (in thousands, except per share data)
                                (unaudited)

                                  Three Months Ended     Nine Months Ended
                                       June 30,              June 30,
                                 --------------------  --------------------
                                    2013       2012       2013       2012
                                 ---------  ---------  ---------  ---------
REVENUES:
Real estate                      $  12,153  $  10,921  $  36,647  $  29,303
Financial fund management            2,445      2,991      9,407     15,874
Commercial finance                     (35)      (128)      (337)     2,051
                                 ---------  ---------  ---------  ---------
                                    14,563     13,784     45,717     47,228
                                 ---------  ---------  ---------  ---------
COSTS AND EXPENSES:
Real estate                          8,896      7,386     26,334     21,985
Financial fund management            1,694      2,994      5,239     13,177
Commercial finance                    (219)       118       (223)     2,311
Restructuring expenses                   -          -          -        365
General and administrative           2,153      2,567      6,566      7,930
Gain on sale of leases and loans         -          -          -        (37)
Provision for credit losses          1,647      5,698      7,137     10,910
Depreciation and amortization          489        528      1,397      3,124
                                 ---------  ---------  ---------  ---------
                                    14,660     19,291     46,450     59,765
                                 ---------  ---------  ---------  ---------
OPERATING LOSS                         (97)    (5,507)      (733)   (12,537)
                                 ---------  ---------  ---------  ---------

OTHER INCOME (EXPENSE):
Gain on deconsolidation and sale
 of subsidiaries                         -     54,682          -     63,431
Loss on extinguishment of debt           -          -          -     (2,190)
Gain on sale of investment
 securities, net                         -          -          -         63
Other-than-temporary impairment
 on investments                                     -       (214)       (74)
Interest expense                      (501)      (578)    (1,517)    (4,197)
Other income, net                      635        362      1,963      1,546
                                 ---------  ---------  ---------  ---------
                                       134     54,466        232     58,579
                                 ---------  ---------  ---------  ---------
Income (loss) from continuing
 operations before taxes                37     48,959       (501)    46,042
Income tax (benefit) provision      (1,511)    18,665     (1,898)    17,496
                                 ---------  ---------  ---------  ---------
Income from continuing
 operations                          1,548     30,294      1,397     28,546
Loss from discontinued
 operations, net of tax                  -        (14)        (8)       (50)
                                 ---------  ---------  ---------  ---------
Net income                           1,548     30,280      1,389     28,496
Net income attributable to
 noncontrolling interests              (26)       (45)      (570)      (384)
                                 ---------  ---------  ---------  ---------
Net income attributable to
 common shareholders             $   1,522  $  30,235  $     819  $  28,112
                                 =========  =========  =========  =========

Amounts attributable to common
 shareholders:
Income from continuing
 operations                      $   1,522  $  30,249  $     827  $  28,162
Discontinued operations                  -        (14)        (8)       (50)
                                 ---------  ---------  ---------  ---------
Net income                       $   1,522  $  30,235  $     819  $  28,112
                                 =========  =========  =========  =========

Basic earnings per share:
Continuing operations            $    0.07  $    1.53  $    0.04  $    1.43
Discontinued operations                  -          -          -          -
                                 ---------  ---------  ---------  ---------
Net income                       $    0.07  $    1.53  $    0.04  $    1.43
                                 =========  =========  =========  =========
Weighted average shares
 outstanding                        20,297     19,815     20,165     19,618
                                 =========  =========  =========  =========

Diluted earnings per share:
Continuing operations            $    0.07  $    1.44  $    0.04  $    1.37
Discontinued operations                  -          -          -          -
                                 ---------  ---------  ---------  ---------
Net income                       $    0.07  $    1.44  $    0.04  $    1.37
                                 =========  =========  =========  =========
Weighted average shares
 outstanding                        22,106     21,036     21,706     20,464
                                 =========  =========  =========  =========



                           RESOURCE AMERICA, INC.
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (in thousands)
                                (unaudited)
                                                       Nine Months Ended
                                                           June 30,
                                                   ------------------------
                                                       2013         2012
                                                   -----------  -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                         $     1,389  $    28,496
Adjustments to reconcile net income to net cash
 used in operating activities:
  Depreciation and amortization                          1,546        4,280
  Provision for credit losses                            7,137       10,910
  Other-than-temporary impairment on investments           214           74
  Unrealized gain on trading securities                   (666)        (175)
  Equity in earnings of unconsolidated entities         (2,345)        (501)
  Distributions from unconsolidated entities             2,577        2,741
  Gain on sale of leases and loans                           -          (37)
  Gain on sale of investment securities, net            (2,023)         (79)
  Gain on sale of assets                                (2,454)           -
  Gain on sale and deconsolidation of subsidiaries           -      (63,431)
  Loss on extinguishment of debt                             -        2,190
  Deferred income tax (benefit) provision               (1,898)      17,323
  Equity-based compensation issued                         815        1,059
  Equity-based compensation received                      (860)        (153)
Trading securities purchases and sales, net             (2,446)      (3,470)
Loss from discontinued operations                            8           50
Changes in operating assets and liabilities             (2,659)      (4,047)
                                                   -----------  -----------
Net cash used in operating activities                   (1,665)      (4,770)
                                                   -----------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures                                      (554)        (147)
Payments received on real estate loans and real
 estate                                                  2,761        1,580
Investments in real estate and unconsolidated real
 estate entities                                        (2,009)      (1,108)
Purchase of commercial finance assets                        -      (18,483)
Principal payments received on leases and loans              -        9,041
Cash divested on deconsolidation of LEAF                     -       (2,284)
Proceeds from sale of Apidos, net of transaction
 costs and cash divested on deconsolidation                  -       17,864
Purchase of investments                                 (2,845)        (600)
Proceeds from sale of loans and investments                  -          262
                                                   -----------  -----------
Net cash (used in) provided by investing
 activities                                             (2,647)       6,125
                                                   -----------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings                                   2,000      128,845
Principal payments on borrowings                        (2,472)    (129,333)
Dividends paid                                          (1,776)      (1,720)
Proceeds from issuance of common stock                   1,253        1,056
Repurchase of common stock                              (1,132)        (955)
Preferred stock dividends paid by LEAF to RSO                -         (188)
Decrease (increase) in restricted cash                      81         (647)
Other                                                        -       (2,275)
                                                   -----------  -----------
Net cash used in financing activities                   (2,046)      (5,217)
                                                   -----------  -----------
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Operating activities                                      (862)        (924)
                                                   -----------  -----------
Net cash used in discontinued operations                  (862)        (924)
                                                   -----------  -----------

Decrease in cash                                        (7,220)      (4,786)
Cash, beginning of year                                 19,393       24,455
                                                   -----------  -----------
Cash, end of period                                $    12,173  $    19,669
                                                   ===========  ===========



Schedule I

            RECONCILIATION OF GAAP INCOME (LOSS) FROM CONTINUING
           OPERATIONS BEFORE TAXES TO ADJUSTED INCOME (LOSS) FROM
 CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS, NET OF TAX (1)
                   (in thousands, except per share data)
                                (unaudited)

                                  Three Months Ended     Nine Months Ended
                                       June 30,              June 30,
                                 --------------------  --------------------
                                    2013       2012       2013       2012
                                 ---------  ---------  ---------  ---------
Income (loss) from continuing
 operations before taxes - GAAP  $      37  $  48,959  $    (501) $  46,042
Income attributable to
 noncontrolling interests - pre-
 tax                                   (54)       (45)      (876)      (255)
                                 ---------  ---------  ---------  ---------
(Loss) income from continuing
 operations attributable to
 common shareholders - pre-tax         (17)    48,914     (1,377)    45,787
                                 ---------  ---------  ---------  ---------

Commercial finance adjustments,
 pre-tax:
Loss from operations                 1,611      5,899      9,269      5,415
Noncontrolling interests                 -          -          -        223
                                 ---------  ---------  ---------  ---------
Commercial finance operations        1,611      5,899      9,269      5,638

Gain on sale of subsidiaries,
 pre-tax:                                -    (54,682)         -    (63,431)
                                 ---------  ---------  ---------  ---------

Adjusted income (loss) from
 continuing operations
 attributable to common
 shareholders - pre-tax              1,594        131      7,892    (12,006)
Income tax (benefit) provision
 (2)                                (1,622)       627       (574)    (3,982)
                                 ---------  ---------  ---------  ---------
Adjusted income (loss) from
 continuing operations
 attributable to common
 shareholders, net of tax        $   3,216  $    (496) $   8,466  $  (8,024)
                                 =========  =========  =========  =========

Adjusted weighted average
 diluted shares outstanding         22,106     19,815     21,706     19,618
                                 =========  =========  =========  =========

Adjusted income (loss) from
 continuing operations
 attributable to common
 shareholders, net of tax, per
 common per share-diluted        $    0.15  $   (0.03) $    0.39  $   (0.41)
                                 =========  =========  =========  =========


1.  Adjusted income (loss) from continuing operations attributable to common
    shareholders, net of tax, presents the Company's operations without the
    effect of its commercial finance operations and gain on the sale of
    subsidiaries. The Company believes that this provides useful information
    to investors since it allows investors to evaluate the Company's
    progress in both its real estate and financial fund management segments
    for the three and nine months ended June 30, 2013 and 2012 separately
    from its commercial finance operations and gains realized on the sale of
    subsidiaries. Adjusted income (loss) from continuing operations
    attributable to common shareholders, net of tax, should not be
    considered as an alternative to income (loss) from continuing operations
    before taxes (computed in accordance with GAAP). Instead, adjusted
    income (loss) from continuing operations attributable to common
    shareholders, net of tax, should be reviewed in connection with income
    (loss) from continuing operations before taxes in the Company's
    consolidated financial statements, to help analyze how the Company's
    business is performing.

2.  Income tax (benefit) provision is calculated using the Company's tax
    rate for the period, excluding one-time tax adjustments.

Contact:
Thomas C. Elliott
Chief Financial Officer
Resource America, Inc.
One Crescent Drive, Suite 203
Philadelphia, PA 19112
(215) 546-5005
(215) 640-6357 (fax)


Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/8/7 - Resource America, Inc. Reports Operating Results for the Third Fiscal Quarter Ended June 30, 2013
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Resource America, Inc. Reports Operating Results for the Fourth Quarter and Year Ended December 31, 2013  |  Next: Resource America, Inc. Reports Operating Results for the Third Quarter Ended September 30, 2013