Redwood Trust, Inc.

Redwood Trust, Inc.

RWT
Redwood Trust, Inc.US flagNew York Stock Exchange
4.81
USD
+0.04
- -
604.17MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.49
2.31
2.28
2.82
2.99
2.42
2.16
-3.25
4.53
-0.23
1.24
1.69
1.01
1.67
Basic EPS, GAAP
2.1
1.21
1.23
1.71
1.83
1.41
1.24
-5.19
2.78
-1.39
-0.08
0.36
-0.59
-0.01
Free Cash Flow per Basic Share
-2.73
-22.02
-15.46
-7.1
-22.37
-19.29
-8.52
-4.51
-49.56
-1.19
-17.34
-44.4
-77.5
-113.03
Dividend per Share
1.14
1.14
1.14
1.15
1.15
1.14
0.95
0.75
0.8
0.95
0.8
0.76
0.81
0.82
Book Value per Share
15.1
15.05
14.67
14.96
15.83
15.89
15.98
9.91
12.06
9.55
8.64
8.46
7.36
6.9
Tangible Book Value per Share
14.31
13.38
12.21
13.42
15
15.89
14.57
9.4
11.7
8.99
8.24
8.14
7.08
6.01
Basic Weighted Avg Shares
83
83
83
77
77
85
137
112
115
117
116
132
130
126
Sales/Revenue/Turnover
288
192
189
217
229
206
296
-364
520
-27
144
223
131
212
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
1
1
1
1
10
17
17
16
15
12
10
9
Net Income, GAAP
173
101
102
131
140
120
169
-582
320
-164
-2
54
-70
6
Effective Tax Rate (%)
5.94
0.73
- -
2.75
7.72
8.48
4.21
- -
5.47
- -
- -
25.86
- -
69.46
Profit Margin (%)
60.25
52.27
54.07
60.58
61.23
58.18
57.17
159.77
61.46
606.93
-1.58
24.18
-53.47
2.7
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,419
2,740
3,077
3,394
3,740
7,982
13,344
8,404
10,777
9,600
11,493
14,645
18,884
24,092
Total Equity
1,246
1,256
1,146
1,149
1,212
1,349
1,827
1,111
1,386
1,084
1,203
1,188
983
934
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
14.52
8.04
8.5
11.43
11.89
9.34
10.65
-39.61
25.6
-13.24
-0.81
4.16
-7.57
-0.14

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,248
3,251
3,126
LT Borrowings
18,874
21,791
24,078
LT Finance Leases
11
10
13
Preferred Equity and Hybrid Capital
67
67
67
Shares Outstanding
124
125
126
Market Capitalization
688
701
595

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
543
497
479
Accounts Receivable, Net
131
143
151
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
274
302
305
ST Debt
3,248
3,251
3,126
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.87%
-0.92%
-17.28%
Free Cash Flow
260.75%
508.16%
72.19%
Net Income, GAAP
-349.1%
-621.84%
-229.67%
Sales/Revenue/Turnover
-113.71%
-193.64%
-41.35%
Total Cash Common Dividend
2.35%
4.45%
6.54%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69
59
60
35
223
2025
64
-53
43
77
131
2026
48
43
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.1
0.1
-0.06
0.36
2025
0.11
-0.75
-0.07
- -
-0.59
2026
-0.06
-0.02
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.18
0.19
0.2
0.76
2025
0.2
0.2
0.2
- -
0.81
2026
0.2
0.21
- -
- -
- -

Company Description

APIChatGPT
CEO
Christopher J. Abate
Full Time Employees
351
Sector
Real Estate
Industry
REIT - Mortgage
Address
One Belvedere Place Mill Valley CA United States of America 94941
IPO Date
Aug 4, 1995
Business
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on distinct areas of housing credit, providing liquidity to segments of the U.S. housing market underserved by government programs through securitization platforms, whole-loan distribution, and publicly traded shares. The company operates in three primary segments: Sequoia Mortgage Banking, which acquires residential consumer loans from third-party originators for whole-loan sales and securitization; CoreVest Mortgage Banking, which originates residential investor loans for securitization, sale, or portfolio transfer; and Redwood Investments, which holds organic investments including securities retained from Sequoia and CoreVest securitizations, alongside a diverse mix of residential, business purpose, and multifamily assets. Additional platforms include Aspire for business purpose lending and RWT Horizons for venture investments in lending, real estate, and financial technology aligned with core operations. Founded in 1994 and headquartered in Mill Valley, California, Redwood Trust functions as an internally managed real estate investment trust targeting institutional and retail investors in the U.S. housing finance market. In recent developments, Redwood Trust formed a US$750 million strategic capital partnership with CPP Investments in March 2024, comprising a US$500 million asset joint venture for residential investor bridge and term loans targeting over US$4 billion in acquisitions, and a US$250 million revolving secured corporate financing facility to scale mortgage banking platforms, with CPP Investments receiving warrants for Redwood common stock. The company expanded this alliance in 2025 with an increased financing facility to US$400 million, enhancing capital flexibility amid a strategic pivot to core operations. Further advancements include pricing a reopening of US$50 million 7.75% convertible senior notes due 2027 in August 2025 to refinance prior notes and fund platforms like Sequoia, Aspire, and CoreVest; an upsized US$150 million common stock repurchase authorization in July 2025; and accelerated wind-down of legacy multifamily bridge loans and third-party securities to reallocate US$200-250 million in capital by year-end 2025 toward higher-returning mortgage banking and investments. These moves support record production volumes in Q3 2025 and position legacy investments at approximately 20% of capital by end-2025.

Company News

APIChatGPT
  • RWTQ: Downgrading Redwood Trust's 9.5% Baby Bonds As Dividend Overhang Erodes Cushion

  • Redwood Trust, Inc. (RWT) Q2 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Redwood Trust (RWT) Q2 Earnings

  • Redwood Trust (RWT) Lags Q2 Earnings and Revenue Estimates

  • Redwood Trust Q2 Earnings Call Highlights

  • Redwood Trust Reports Second Quarter Financial Results; Mortgage Banking Production Exceeds $8 Billion for Second Consecutive Quarter

  • Redwood Trust Announces Date of Second Quarter 2026 Financial Results Webcast and Conference Call

  • Redwood Trust Announces Date of Second Quarter 2026 Financial Results Webcast and Conference Call

  • Redwood Trust (RWT) Surges 7.0%: Is This an Indication of Further Gains?

  • Redwood Trust Highlights Continued Aspire Momentum and AI-Powered Technology; Provides Preliminary Second Quarter Business Update

  • Midera Food Processing and Centrus Energy Set to Join S&P SmallCap 600

  • 3 mREIT Stocks to Bet On Amid Challenging Industry Trends

  • Redwood Trust Announces Second Quarter 2026 Common and Preferred Dividends

  • Redwood Trust Announces Second Quarter 2026 Common and Preferred Dividends

  • RWT Capital Closes H2Oil Energy Sale to GFL Environmental Amid Energy M&A Boom

  • RWTS: A 9.75% Senior Note IPO From Redwood Trust

  • Redwood Trust Preferred A: Downside Ahead From Higher Rates (Rating Downgrade)

  • Redwood Trust Prices $125.0 Million Senior Notes Offering

  • Redwood Trust Prices $125.0 Million Senior Notes Offering

  • REITs Excel, Earnings Swell, Fed Rebels