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

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Earnings data Q4 2021

Earnings data Q1 2022

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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.

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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.

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BFIN, PFSI and RWT have been added to the Zacks Rank #5 (Strong Sell) List on May 26, 2023.

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RWT plans to cut its dividend by 20-30% next quarter. However, trading at a 0.64x book value that is showing signs of stabilization, the stock looks too cheap to ignore.

Redwood Trust: The Dividend Will Be Cut, But The Valuation Is Appealing

Redwood Trust, Inc. (RWT) Q1 2023 Earnings Call Transcript.

Redwood Trust, Inc. (RWT) Q1 2023 Earnings Call Transcript

Redwood Trust (RWT) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.28 per share a year ago.

Redwood Trust (RWT) Misses Q1 Earnings and Revenue 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 first quarter ended March 31, 2023. Key Q1 2023 Financial Results and Metrics GAAP book value per common share was $9.40 at March 31, 2023, a 1.6% decrease from $9.55 per share at December 31, 2022 Economic return on book value of 0.8%(1) GAAP net income of $0.02 per diluted common share.

Redwood Trust Reports First 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 first quarter 2023 results on April 27, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its first quarter 2023 financial results later that same day at 2:00 pm Pacific Time/ 5:00 pm Eastern Time.

Redwood Trust Announces Date of First 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 first quarter 2023 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a first quarter 2023 regular common stock dividend of $0.23 per share. This marks the Company's 95th consecutive quarterly dividend.

Redwood Trust Declares First Quarter 2023 Common and Preferred Dividends

Redwood Trust originates, holds, and sells residential and business loans. The company saw earnings headwinds in 2022 related to the value of the loans it held for investment purposes.

Redwood Trust: 2 Alternatives To The Common Shares Yielding Nearly 10%

Redwood is a mortgage REIT that largely originates loans for professional real estate investors. Rising interest rates have slowed activity in the real estate sector.

Redwood Trust Sees Continued Weakness in Mortgage Originations, Cuts Costs

Redwood Trust Inc. (NYSE:RWT ) Q4 2022 Results Conference Call February 9, 2023 5:00 PM ET Company Participants Kaitlyn Mauritz - Investor Relations Christopher Abate - Chief Executive Officer and Director Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Rick Shane - JPMorgan Eric Hagen - BTIG Derek Sommers - Jefferies Doug Harter - Credit Suisse Don Fandetti - Wells Fargo Bose George - KBW Steve DeLaney - JMP Securities Operator Good afternoon, and welcome to the Redwood Trust Incorporated Fourth Quarter 2022 Financial Results Conference Call. Today's conference is being recorded.

Redwood Trust Inc. (RWT) Q4 2022 Earnings Call Transcript

Redwood Trust (RWT) delivered earnings and revenue surprises of -164.71% and 29.15%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Redwood Trust (RWT) Reports Q4 Loss, Lags Revenue 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 fourth quarter ended December 31, 2022.

Redwood Trust Reports Fourth Quarter 2022 Financial Results

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

We observe just one new preferred stock offering during the month, which ranked 10 out of 10 for its CDx3 Compliance Score and offered an initial 10% yield. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.

One New Preferred Stock IPO In January - And It Yields 10%

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 fourth quarter 2022 results on February 9, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2022 financial results later that same day at 2:00 pm Pacific Time/ 5:00 pm Eastern Time.

Redwood Trust Announces Date of Fourth Quarter 2022 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 tax information regarding its dividend distributions for 2022.

Redwood Trust Announces Dividend Distribution Tax Information for 2022

Redwood Trust recently issued a 10% yielding preferred share. The company specializes in originating and holding residential and business loans.

Redwood Trust: Mortgage Lender Offering 10% Preferred Shares

MILL VALLEY, Calif.--( BUSINESS WIRE )--Redwood Trust, Inc. (“Redwood”) (NYSE: RWT) today announced the pricing of an underwritten public offering of 2,600,000 shares of its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a liquidation preference of $25.00 per share, resulting in gross proceeds of $65.0 million. In connection with the offering, Redwood has granted the underwriters a 30-day option to purchase up to an additional 390,000 shares of Series A Preferred Stock, solely to cover over-allotments. Redwood intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "RWT PRA." The offering is expected to close on January 18, 2023, subject to the satisfaction of customary closing conditions.

Redwood Trust Announces Pricing of Public Offering of Preferred Stock

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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 authorized the declaration of a fourth quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company's 94th consecutive quarterly dividend. The fourth quarter 2022 dividend is payable on December 28, 2022 to stockholders of record on December 20, 2022.

Redwood Trust Announces Dividend of $0.23 Per Share for the Fourth Quarter of 2022

Redwood is a REIT that specializes in managing residential mortgage credit risk. The current stock price implies that Redwood will lose $750 million on its current $11 billion invested loans. That seems highly improbable for two reasons.

Buy 13% Yielding Redwood Trust. It Just Ain't '08

Redwood Trust, Inc (NYSE:RWT ) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Company Participants Kaitlyn Mauritz - Senior Vice President of Investor Relations Chris Abate - Chief Executive Officer and Director Dash Robinson - President Brooke Carillo - Chief Financial Officer Conference Call Participants Douglas Harter - Credit Suisse Eric Hagen - BTIG Steve DeLaney - JMP Securities Bose George - KBW Stephen Laws - Raymond James Operator Good afternoon, and welcome to the Redwood Trust Inc. Third Quarter 2022 Financial Results Conference Call. Today's conference is being recorded.

Redwood Trust, Inc (RWT) Q3 2022 Earnings Call Transcript

Redwood Trust Reports Third Quarter 2022 Financial Results

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Redwood Trust (RWT) Q3 Earnings Expected to Decline

Redwood Trust Provides Preliminary Third Quarter 2022 Financial Results and Announces Date of Third Quarter 2022 Financial Results Webcast and Conference Call

DENVER and MERCER ISLAND, Wash. , Oct. 12, 2022 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) ("Redwood"), a leader in expanding access to housing for homebuyers and renters, and LauraMac, a modern SaaS technology provider to the mortgage capital markets, have announced their collaborative development on a new loan acquisition technology to be used by Redwood and their clients.

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