Redwood Trust Q4 2022 GAAP net loss $0.40/sh, book value down 6.2% to $9.55

REDWOOD TRUST INC

2022-FY EPS reported -$1.43

GAAP net loss of $0.40 per diluted share; non-GAAP EAD loss of $0.11 per basic share.
Book value per common share fell 6.2% to $9.55 from $10.18 at Sept 30, 2022.
Declared quarterly dividend of $0.23 per share, unchanged from prior quarters.
Reduced workforce by 24% in Q4; raised $70M in preferred stock offering in Jan 2023.
Recourse leverage ratio at 2.8x; closed new $150M home equity investment financing facility.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REDWOOD TRUST INC reported the fourth quarter ended December 31, 2022 results: net income GAAP net loss of $(0.40) per diluted common share, EPS $(0.40) per diluted common share.

Period: the fourth quarter ended December 31, 2022
Net income: GAAP net loss of $(0.40) per diluted common share
EPS: $(0.40) per diluted common share
Result: reported results

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0000930236-23-000004

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