Redwood Trust prelim Q4 BV $8.58-$8.68 vs $8.77; issued 12.6M ATM shares

REDWOOD TRUST INC

2023-FY EPS reported -$0.11

Prelim book value per share est. $8.58-$8.68 at Dec 31 vs $8.77 at Sep 30.
Issued 12.6M shares via ATM in Q4; proceeds used for mortgage banking, investments, debt repurchase.
Recourse leverage ratio est. 2.2x; unrestricted cash $293M at Dec 31.
Stockholders' equity est. $1.2B; recourse debt $2.6B at Dec 31.
Q4 common dividend of $0.16 per share paid; BV adjusted for dividend.

item 2.02

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 preliminary financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: preliminary results

Exact text from the filing

Redwood Trust, Inc. is disclosing certain preliminary results of operations for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-004342

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