Highest-materiality recent filing
Redwood Trust Q2 GAAP net loss $0.03/sh; mortgage banking production exceeds $8B
GAAP net loss of $(2.9)M ($0.03/sh); non-GAAP EAD $0.15/sh, Core Segments EAD $0.25/sh.
RWT completes $125M offering of 9.75% Senior Notes due 2031; net proceeds ~$120.4M
Issued $125M aggregate principal amount of 9.75% Senior Notes due 2031; underwriters have 30-day option for additional $18.75M.
Redwood Trust issues $125M of 9.75% senior notes due 2031
Offering of $125M aggregate principal 9.75% senior notes due 2031.
Redwood Trust Q1 GAAP loss $0.07/sh; record $8.5B mortgage banking production
GAAP net loss of $(0.07) per share; Non-GAAP EAD $0.21 per share covers $0.18 dividend.
Redwood Trust forms JV with Castlelake to buy up to $8B in prime jumbo mortgages
JV targets up to $8B of Sequoia-sourced prime jumbo loans, with flexibility to scale.
GAAP net income $18.3M ($0.13/sh) vs Q3 loss; Core Segments EAD $43.2M ($0.33/sh).
Redwood Trust Q3 GAAP net loss $9.5M; record production $6.8B
GAAP net loss of $9.5M ($0.08 per share) vs $100.2M loss in Q2; Core Segments EAD $27.1M ($0.20/share).
Joint venture commitment period extended 18 months to September 2028.
Redwood Trust issues $50M of 7.75% convertible notes due 2027
Issued $50M aggregate principal of 7.75% Convertible Senior Notes due 2027 as a reopening of existing series.
GAAP net loss $100.2M ($0.76/sh) vs prior Q income $14.3M; book value per share dropped to $7.49 from $8.39.
Redwood Trust Q1 net income $14.4M, $0.10 EPS; Sequoia lock volume surges to $4.0B
GAAP net income available to common $14.4M ($0.10/sh) vs Q4 loss of $8.4M; non-GAAP EAD $19.8M ($0.14/sh).
Estimated GAAP book value per share as of April 21, 2025 up 1% to 1.5% from $8.39 at March 31, 2025.
Redwood Trust Reports Q4 2024 Results: GAAP Book Value $8.46, Non-GAAP EAD $0.13 Per Share
GAAP net loss attributable to common stockholders of $(8.4) million or $(0.07) per share for Q4 2024.
Redwood Trust completes $90M public offering of 9.125% Senior Notes due 2030
Issued $90M in 9.125% senior notes maturing March 1, 2030; interest payable quarterly starting March 2025.
Redwood Trust estimates Q4 2024 book value per share $8.40-$8.50, down ~2.75-4% QoQ
Estimated BV per common share $8.40-$8.50, down ~2.75%-4.0% from $8.74 at Sep 30, 2024.
Redwood Trust Q3 2024: GAAP EPS $0.09, EAD $0.18, book value $8.74, dividend raised 6.25% to $0.17
GAAP net income $13.1M ($0.09 per share); Non-GAAP EAD $25.2M ($0.18 per share).
Redwood Trust closes $39.76M 7.75% convertible note reopening, repurchases $33.1M of 2025 notes
Issued $39,760,000 aggregate principal of 7.75% Convertible Senior Notes due 2027 as reopening of June 2022 series.
Redwood Trust Q2 GAAP EPS $0.10, EAD $0.13; book value $8.73; lock volume up 49% QoQ
GAAP net income $13.8M ($0.10/share); Non-GAAP EAD $18.6M ($0.13/share).
Redwood Trust Q1 GAAP EPS $0.21, book value $8.78, jumbo locks $1.8B (+53% QoQ)
GAAP net income $29M ($0.21 diluted); non-GAAP EAD $11M ($0.08 basic).
$750M strategic partnership with CPP Investments: $500M JV (80% CPP, 20% Redwood) and $250M secured financing facility.
Redwood Trust Q4 GAAP net income $19M, book value $8.64, EAD $0.05/share
GAAP net income $19M ($0.15 diluted EPS); non-GAAP EAD $7M ($0.05 basic share).
the Board of Directors of Redwood Trust, Inc. (the “Company”) announced that Doneene K. Damon has joined the Board of Directors, to fill the vacancy created by the Board’s decision to increase the size of the Board from eight directors to nine.
On August 29, 2023, George W. Madison, a member of the Company’s Board of Directors, notified the Company that he would be stepping down from his director position in order to attend to family matters. Mr. Madison’s resignation will be effective as of September 30, 2023.
On September 2, 2021, Redwood Trust, Inc. (the “Company”) announced that its President, Dashiell I. Robinson, has been appointed to serve on its Board of Directors.
Max materiality 0.85 · Median 0.55 · Most common event earnings