RAIT Investment Trust, Philadelphia, has reported net income of $8.4 million ($0.40 per share) for the second quarter, compared with $11 million ($0.62 per share) for the second quarter of last year.For the six months ended June 30, the commercial real estate investment trust reported net income of $20.8 million ($1.01 per share), compared with $20.4 million ($1.22 per share) for the first half of 2002. The REIT is paying a second-quarter dividend of $0.62 per share. The REIT can be found online at http://www.raitinvestmenttrust.com.
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