CAIT Reports 3Q Loss

Capital Alliance Income Trust Ltd., a real estate investment trust based in San Francisco, has reported a net loss of $85,721 ($0.21 per share) for the third quarter, compared with net income of $80,750 ($0.05 per share) a year earlier.The residential mortgage REIT attributed the loss to several factors, including a decline in the weighted average yield of its loan portfolio from 12.04% to 10.96% in the 12 months ended Sept. 30 and an increase in the weighted average cost of borrowing. In addition, a shorter weighted average maturity in the portfolio "has accelerated the expensing of certain capitalized loan origination costs," CAIT said. The company can be found on the Web at http://www.calliance.com.