RAIT Investment Trust, Philadelphia, has reported net income of $47.2 million for 2003, an 8.5% increase from $43.5 million in 2002.For the fourth quarter, RAIT reported net income of $13.5 million ($0.60 per share), a 15.4% increase from $11.7 million ($0.63 per share) a year earlier. Revenues for the fourth quarter totaled $21.4 million, representing a 5.9% increase from $20.2 million a year earlier, RAIT said. The real estate investment trust, which invests in commercial real estate, can be found online at http://www.raitinvestmenttrust.com.
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