RFA Financial (RFA) ran 11% after announcing $340M of coming asset sales, as it continues to wind down Artis’ real estate portfolio

in order to fund its mortgage lending activity, the core reason the two entities merged last year. Using the math from RFA’s merger deck…

that $340M could generate ~$65M of earnings once redeployed - ramping up to ~$280M if it can hit its five-year, $1.5B asset sale target.

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