Philadelphia, PA, May 9, 2022 - Resource America, Inc., (Nasdaq: REXI) (the "Company") announces today that Friedman Billings Ramsey hasinitiated coverage of the Company at a "BUY" rating with a target price per share of $14.05. Resource America's shares closed today at $11.44.

Edward E. Cohen, Chairman, Chief Executive Officer and President, said, "We welcome FBR's decision to initiate coverage of our Company. We believe their confidence is well-placed, and we hope that Resource America's continued growth and success in creating shareholder value will more than justify their decision to initiate coverage."

Resource America, Inc. is a specialized financial services company that uses industry-specific expertise and experience to generate investment opportunities for its own accountand for investors in the energy, real estate finance and equipment leasing industries.

Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed of implied in this release.