secwatch.observer — SEC 8-K summary
======================================

Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000930236-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000004/0000930236-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000004/rwt-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000930236-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer