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What: Shares of real estate investment trust RAIT Financial Trust
So what: RAIT has been struggling to keep its head above water ever since the financial meltdown began, and its third-quarter results don't make a very convincing case that things are A-OK quite yet. The REIT reported $0.16 in diluted earnings per share, which was much better than the $0.38-per-share loss last year. However, the profit was driven by gains on debt extinguishment and balance sheet mark-ups, not normal operations. In addition, the bottom line badly missed analyst expectations of $0.26 per share.
Now what: Though real estate has taken a pretty broad drubbing, all real estate investment trusts are not built equal. Health Care REIT
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Health Care REIT is a Motley Fool Income Investor recommendation. The Fool owns shares of Annaly Capital Management. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFoolor on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.
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