secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000930236-23-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust Q1 GAAP EPS $0.02, EAD $0.11, book value $9.40, dividend $0.23
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- GAAP net income $0.02 per diluted share; non-GAAP EAD $0.11 per basic share; GAAP book value $9.40, down 1.6% from Q4 2022.
- Declared and paid regular quarterly dividend of $0.23 per common share.
- Unrestricted cash $404M (106% of marginable debt); recourse leverage ratio 2.3x.
- Funded $438M business purpose loans; sold $230M to third parties; distributed $686M jumbo loans via securitizations.
- Repurchased $33M of convertible debt due Aug 2023; raised $70M from preferred equity offering in January.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000019/0000930236-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000019/rwt-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000930236-23-000019

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