Redwood Trust estimates Q4 book value per share $9.52-$9.62, down 5.5%-6.5%; flags $45M DTA risk

REDWOOD TRUST INC

Estimated BVPS range $9.52-$9.62, ~5.5%-6.5% decline from Sept 30, 2022.
Credit spread widening drove negative fair value changes, largely unrealized; credit fundamentals considered solid.
Unrestricted cash ~$260 million; 113.5M common shares outstanding.
Net deferred tax assets ~$45M as of Dec 31; possible valuation allowance could materially reduce GAAP earnings/book value.

item 2.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

REDWOOD TRUST INC reported preliminary financial results for the quarter ended December 31, 2022.

Period: the quarter ended December 31, 2022
Result: preliminary results

Exact text from the filing

Redwood Trust, Inc. is disclosing certain preliminary results of operations for the quarter ended December 31, 2022.

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REDWOOD TRUST INC filing history →

Source: SEC EDGAR

accession 0001104659-23-002088

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