---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-003630"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:37:26.554424+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust estimates Q4 2024 book value per share $8.40-$8.50, down ~2.75-4% QoQ

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-003630
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000110465925003630/0001104659-25-003630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000110465925003630/tm253198d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-003630
- JSON: https://secwatch.observer/filing/0001104659-25-003630.json
- Plain text: https://secwatch.observer/filing/0001104659-25-003630.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.