Redwood Trust

Redwood Trust, Inc. is a financial company, which focuses on several distinct areas of housing credit. It operates through the following segments: Residential Lending, Business Purpose Lending, Third-Party Investments, and Corporate. The Residential Lending segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio. The Business Purpose Lending segment includes the platform that originates and acquires business purpose residential loans. The Third-Party Investments segment consists of investments in residential mortgage-backed securities (RMBS) issued by third parties, investments in Freddie Mac K-Series multifamily loan securitizations and SLST reperforming loan securitizations. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Redwood Trust navigates market challenges, eyes growth opportunities in Q4

Redwood Trust demonstrated resilience and strategic focus in Q4 2022 amidst market challenges, emphasizing risk management and capital optimization.
Strong performance in investment portfolios, capital efficiency improvements, and interest income stability position the company for growth.
Challenges include market volatility, tightened spreads, and competition in BPL originations, requiring ongoing strategic navigation.
Opportunities lie in Wells Fargo's exit, capital allocation flexibility, and potential returns in residential mortgage banking and investment avenues.

Redwood Trust reports positive Q1 earnings amidst sector challenges

Redwood Trust delivered a solid Q1 performance with positive earnings and a focus on efficiency and financial discipline. The company's strengths lie in its strategic portfolio growth, stable credit performance, and commitment to risk management.
Challenges include regulatory pressures, potential dividend cuts, and uncertainties in the financial sector landscape. However, opportunities exist in leveraging market changes, optimizing expenses, and pursuing growth in lending segments.
Overall, Redwood Trust's performance reflects resilience and adaptability in a dynamic market environment. The company's proactive approach to risk management, expense control, and growth strategies positions it well for future success.

Redwood Trust excels in Q2, eyes bank partnerships for growth

Redwood Trust's Q2 earnings call highlighted a strong performance, strategic focus on bank partnerships, and growth opportunities in residential and bridge businesses. The company faces challenges in capital allocation and risk management but is well-positioned to leverage its strengths and seize opportunities for future growth.

Redwood Trust faces challenges but closes key deals in Q3

Redwood Trust navigated challenges from market transitions and reported a decrease in GAAP book value and negative net income in Q3. Despite this, the company closed significant securitization deals and launched the Aspire home equity investment platform. Redwood's focus on risk-minded growth and capital optimization positions them well for future opportunities in the evolving mortgage sector.

Redwood Trust reports robust Q4 performance and eyes jumbo market growth

Redwood Trust's Q4 earnings call highlighted strong performance, capital strength, growth opportunities, and challenges in market dynamics. The company's focus on residential mortgage banking, jumbo market share, and securitization transactions positions them for continued growth. Executives are optimistic about scaling jumbo production and leveraging partnerships with banks for capital deployment.

Redwood Trust reports robust Q1 performance and eyes market expansion

Redwood Trust's Q1 performance reflects strong financial health and growth prospects, driven by increased net interest income and strategic partnerships.
The company's focus on efficient capital deployment, strong gain-on-sale margins, and market stability through seller relationships positions it well for future success.
While facing challenges in managing extensions and competitive dynamics, Redwood Trust has opportunities to capitalize on market trends and partnerships for sustained growth.

Redwood Trust reports solid Q3 earnings amidst market challenges

Redwood Trust's Q3 performance reflects financial stability, growth in key metrics, and strong revenue streams in the mortgage banking segment.
While facing challenges such as credit risks and market uncertainties, the company's strategic strengths in dividend increases and business progress offer resilience.
Opportunities in jumbo loan securitization, market growth, and strategic decision-making present avenues for future expansion and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Redwood Trust, Inc. is a financial company, which focuses on several distinct areas of housing credit. It operates through the following segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio. The Business Purpose Mortgage Banking segment includes the platform that originates and acquires business purpose residential loans. The Investment Portfolio segment covers the organic investments sourced through the residential and business purpose mortgage banking operations. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared fourth quarter 2023 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a fourth quarter 2023 regular common stock dividend of $0.16 per share. This marks the Company's 98th consecutive quarterly common divide.

Redwood Trust Declares Fourth Quarter 2023 Common and Preferred Dividends

Redwood Trust has an attractive 8.8% dividend yield. Mortgage REITs like Redwood Trust are very different from property-owning REITs.

Is 8.8% Yielding Redwood Trust a No-Brainer Buy or a Stock to Avoid?

Arcos Dorados Hlds

AST SpaceMobile

BuildABear

Ginkgo Bioworks Holdings

Hudson Technologies

Vir Biotechnology

Small-cap stocks to buy offer a window into the future of the global economy, encapsulating companies with market capitalizations upwards of $250 million and $2.5 billion. These are the potential giants of tomorrow, starting as small-caps and gradually ascending to large or even mega-cap status through consistent earnings expansion.

7 Small-Cap Stocks to Buy BEFORE the Year-End Rally

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood”, or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that Doneene K. Damon has been appointed to its Board of Directors (the “Board”). Ms. Damon joined the Board effective November 2, 2023. “We are pleased to welcome Doneene to the Board as an independent director,” said Greg Kubicek, Chair of Redwood's Board of Directors. “Doneene brings more than three decades of.

Redwood Trust Announces the Appointment of Doneene Damon to its Board of Directors

Call Start: 17:00 January 1, 0000 5:57 PM ET Redwood Trust, Inc. (NYSE:RWT ) Q3 2023 Earnings Conference Call October 30, 2023 05:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executive Officer Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Rick Shane - JPMorgan Bose George - KBW Don Fandetti - Wells Fargo Securities Stephen Laws - Raymond James Kevin Barker - Piper Sandler Steve Delaney - JMP Securities Eric Hagen - BTIG Operator Ladies and gentlemen, good afternoon, and welcome to the Redwood Trust, Inc. Third Quarter 2023 Financial Results Conference Call. Today's conference is being recorded.

Redwood Trust, Inc. (RWT) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Redwood Trust (RWT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Redwood Trust (RWT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago.

Redwood Trust (RWT) Q3 Earnings and Revenues Miss Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023. Key Q3 2023 Financial Results and Metrics GAAP book value per common share was $8.77 at September 30, 2023, a 5.3% decrease from $9.26 per share at June 30, 2023 Economic return on book value of (3.6)%(1) GAAP net loss related to common stockholders of $.

Redwood Trust Reports Third Quarter 2023 Financial Results

Redwood Trust investors will need to watch delinquency trends, which climbed last quarter. RWT's book value will likely decline as a result of rising mortgage rates, but not nearly to the extent of agency REITs. With the stock still trading well below book value, the stock remains a "Buy" for now.

Redwood Trust: Book Value Likely To Decrease, But Not As Much As Agency REITs

Redwood Trust (RWT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Redwood Trust (RWT) Expected to Beat Earnings Estimates: Should You Buy?

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2023 results on October 30, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its third quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference call w.

Redwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends.

Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends

Redwood Trust's (RWT) in-house home equity investment origination platform, Aspire, underlines the company's efforts to bring innovative solutions to the non-Agency housing market.

Redwood Trust (RWT) Launches Home Equity Investment Platform

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT) (“Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today formally announced the launch of Aspire, its in-house home equity investment (“HEI”) origination platform. HEI provides consumers access to their home equity with no additional monthly payment obligations. Aspire significantly expands Redwood's reach in the residential housing market, providing access to one of the largest.

Redwood Trust Announces Launch of Home Equity Investment Platform

Redwood recently cut its dividend. The dividend looks well-covered going forward.

Here's How Redwood Trust Can Afford Its 8% Dividend Yield

Redwood Trust issued Series A Reset Rate Cumulative Redeemable Preferred stock with a 10.0% face coupon. Investors should consider the conversion/rate-reset date and the potential yield curve changes when deciding to invest. Redwood Trust's preferred stock offers a compelling value and is focused on the niche market of jumbo mortgage investment.

Redwood Trust Preferred A: 10.87% Fixed-To-Floating Yield With Upside To Call/Conversion

Silicon Valley Bank's collapse in March caused financial market turmoil. Redwood Trust is capitalizing on the changes in the banking system and becoming a capital conduit for regional banks. Redwood Trust has established relationships with over 45% of new annual jumbo mortgage origination and is experiencing significant growth in its residential mortgage banking segment.

Redwood Trust: An Emerging Winner In The Regional Bank Chaos

Redwood Trust, Inc. (NYSE:RWT ) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Kait Mauritz - Senior Vice President, Investor Relations Chris Abate - Chief Executive Officer Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Don Fandetti - Wells Fargo Rick Shane - JPMorgan Stephen Laws - Raymond James Steve Delaney - JMP Securities Bose George - KBW Derek Sommers - Jefferies Eric Hagen - BTIG Brad Capuzzi - Piper Sandler Operator Good afternoon, and welcome to the Redwood Trust, Inc. Second Quarter 2023 Financial Results Conference Call. Today's conference is being recorded.

Redwood Trust, Inc. (RWT) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Redwood Trust (RWT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Redwood Trust (RWT) Q2 Earnings: A Look at Key Metrics

Redwood Trust (RWT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.11 per share a year ago.

Redwood Trust (RWT) Q2 Earnings Top Estimates

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2023. Key Q2 2023 Financial Results and Metrics GAAP book value per common share was $9.26 at June 30, 2023, a 1.5% decrease from $9.40 per share at March 31, 2023 Economic return on book value of 0.2%(1) GAAP net income available to common stockholders of $1 milli.

Redwood Trust Reports Second Quarter 2023 Financial Results

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2023 results on July 27, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its second quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time. Webcast Information The conference call wi.

Redwood Trust Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared second quarter 2023 common and preferred stock dividends. “Consistent with the commentary we provided during our first quarter 2023 earnings call, we believe the Board's decision to align the common dividend with our anticipated near-to-medium term earnings pro.

Redwood Trust Declares Second Quarter 2023 Common and Preferred Dividends

MILL VALLEY, Calif.--(BUSINESS WIRE)--REDWOOD TRUST AND OAKTREE ANNOUNCE JOINT VENTURE TO INVEST IN BUSINESS-PURPOSE BRIDGE LOANS.

Redwood Trust and Oaktree Announce Joint Venture to Invest in Business Purpose Bridge Loans

Redwood Trust needs everything to go right in order to sustain the dividend. However, once the Federal Reserve is done hiking interest rates, Redwood could see a narrowing of its discount to book value per share.

News for Redwood Trust Stock (RWT)