Resource America, Inc.
1521 Locust Street - 5th Floor
Philadelphia, PA 19102
(215) 546-4785 (facsimile)
Fortune Ranks REXI Among the Top Fifty of America's 100 Fastest-Growing Companies
Philadelphia, PA., August 20, 2022 - Resource America, Inc. (NASDAQ:REXI) (the "Company") announced today it ranked 47th on FORTUNE'S annual list of America's 100 Fastest-Growing Companies.
According to FORTUNE, Resource America, Inc. delivered a three year annual revenue growth rate of 107% (16th on the list), a three year annualized total stock market return of 40% (48th on the list), which beat the S&P; 500 and a three year annual EPS growth of 39%, (95th on the list).
Eligible companies had to be based in the U.S., be in operation for three years and have at least $50 million in revenues and market capitalization. Additionally, companies needed a 30% annual growth rate in both revenue and earnings per share over three years, and were judged by total stock market return during that same period.
"We are pleased to be included among America's fastest-growing companies in terms of annual revenue growth, stock market return and three year annual EPS growth revenue. This is particularly gratifying in view of the difficulties many other companies in our sector have experienced," stated Edward Cohen, Chairman and CEO of Resource America, Inc.
FORTUNE teamed with Zacks Investment Research to compile the list of the 100 Fastest-Growing Companies. "The Secrets of FORTUNE's Fastest-Growing Companies," and other FORTUNE stories are now available at www.fortune.com.
Resource America, Inc. operates a diversified financial services company engaged in equipment leasing, energy and energy finance, and real estate finance.
Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied in this release.