RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that on December 12, 2013, RAIT’s Board of Trustees declared a fourth quarter 2013 cash dividend on RAIT’s common shares of $0.16 per common share, representing a 7% increase from the prior quarter's dividend of $0.15 per common share and a 60% increase from the fourth quarter 2012 dividend of $0.10 per common share. The dividend will be paid on January 31, 2014 to holders of record on January 7, 2014. The ex-dividend date is January 3, 2014.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000.

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