earnings
confidence high
sentiment neutral
materiality 0.80
Redwood Trust Reports Q4 2024 Results: GAAP Book Value $8.46, Non-GAAP EAD $0.13 Per Share
REDWOOD TRUST INC
2024-FY EPS reported
$0.32
- GAAP net loss attributable to common stockholders of $(8.4) million or $(0.07) per share for Q4 2024.
- Non-GAAP Earnings Available for Distribution (EAD) of $18.4 million or $0.13 per basic common share.
- Declared and paid a regular quarterly dividend of $0.18 per share, a 5.9% increase from Q3 2024.
- Sequoia mortgage banking locked $2.3 billion of loans; CoreVest funded $501 million in Q4 2024.
- Full-year 2024 economic return on book value of 5.7% and recourse leverage ratio improved to 2.4x.