earnings
confidence high
sentiment negative
materiality 0.65
Redwood Trust estimates Q4 2024 book value per share $8.40-$8.50, down ~2.75-4% QoQ
REDWOOD TRUST INC
2024-FY EPS reported
$0.32
- Estimated BV per common share $8.40-$8.50, down ~2.75%-4.0% from $8.74 at Sep 30, 2024.
- Q4 common dividend increased 5.9% to $0.18/share; paid Jan 2025.
- Recourse leverage ratio ~2.4x-2.5x; unrestricted cash $248M at year-end.
- Higher interest rates and credit-related valuation declines on bridge loans offset increased volume.
- Preliminary assessment of LA wildfires indicates no material adverse impact expected.