Slide 1: Resource Capital Corp. JMP Conference Presentation
Exhibit 99.1 Resource Capital Corp. JMP Conference Presentation September 26, 2011
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements that involve risks and uncertainties. These forward-looking statements are not historical facts but rather are based on our current beliefs, assumptions and expectations. These beliefs, assumptions and expectations can change as a res
Slide 3: Business Overview
Business Overview Exchange / Ticker NYSE: "RSO" Business Structure REIT Market Capitalization(1) $417.9 million Investment Portfolio(2) $2.0 billion Cumulative cash dividends $8.47/share since inception (June ‘05)(3) External Manager Resource America, Inc. (NASDAQ: "REXI") (1) Reflects share price o
Slide 4: Resource Capital Corp. Overview
Resource Capital Corp. Overview Ø RSO is a commercial finance business structured as a REIT with substantial focus on commercial real estate mortgage investments as well as commercial loans and leases Ø Approximately $2.0 billion in assets as of 6/30/2011 COMMERCIAL REAL SMALL BUSINESS BANK LOANS ES
Slide 5: RSO Highlights Since the Financial Crisis
RSO Highlights Since the Financial Crisis Ø Cleaned up balance sheet and brought leverage down from a high of 10.0x to 3.4x as of June 30, 2011 Ø Maintained a cash dividend throughout the downturn and paid $5.48 in cash dividends since June 2007 Ø Increased and diversified investments in real estate
Slide 6: Powerful and Established Core Platform
Powerful and Established Core Platform CORPORATE LENDING & REAL ESTATE TEAM COMMERCIAL FINANCE TEAMS Ø Dedicated team of 12 professionals led by Dave Bloom Ø The corporate loan team has 15 professionals led by bolstered by 35 additional professionals at Resource Gretchen Bergstresser bolstered by 15
Slide 7: Business Segments
Business Segments Commercial Real Estate Leverage Loans Other Credit Opportunities • Commercial Mortgages • Newer real estate assets • Corporate Bank Loans covering a wide array of • Preferred equity stake that we originate industries and ABS held in Leasing JV • Downsizing our legacy to maturity Ty
Slide 8: Commercial Mortgage Market
Commercial Mortgage Market Ø In the past 18 months the CMBS market re-emerged but then pulled back dramatically § Very few CMBS lenders currently quoting § Leverage amounts, pricing and terms have all changed with a much more conservative approach across the § board - 60-65% Fixed rate LTV lending o
Slide 9: Real Estate Loan Parameters
Real Estate Loan Parameters Bridge Financing - Acquisition and Refinance Ø RSO has recently closed or is closing 11 new loans that total approximately $132 million at an average coupon of 7.83% Ø RSO has a full forward pipeline in excess of $500 million and is actively quoting financing on the follo
Slide 10: Corporate Loan Market and Portfolio
Corporate Loan Market and Portfolio Ø Corporate credit fundamental picture is healthy § Default rates are low and are projected to stay low § Leverage multiples are staying intact Ø New Issue CLO activity § Better performing managers can have access to the market again § Apidos priced a new $350 mil
Slide 11: RSO's Targeted Investment in Specialty Commercial Finance
RSO’s Targeted Investment in Specialty Commercial Finance Ø RSO invested $36 million in LEAF Commercial Capital (“LCC”), which operates an equipment lease and note origination, servicing and financing business, in preferred stock with a coupon of 10%. Ø In addition, RSO was issued warrants to purcha
Slide 12: Clean Balance Sheet
Clean Balance Sheet Leverage Since 12/31/08 CDO Compliance Maturing Debt Open Market Repurchases Ø All RSO structured finance Ø RSO has paid off all short-term Ø During FY 2010, RSO repurchased vehicles continue to pay all debt $46.9 million of its corporate notes classes according to their terms at
Slide 13: RSO Highlights
RSO Highlights Ø Maintained a cash dividend and paid $8.47 in dividends since inception in June 2005 Ø Powerful core platforms and established management teams in real estate, corporate lending and commercial finance Ø Cleaned up balance sheet and brought leverage down from a high of 10.0x to 3.4x a