Redwood Trust Stock (NYSE:RWT)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$7.07

52W Range

$5.46 - $8.15

50D Avg

$7.55

200D Avg

$6.77

Market Cap

$932.48M

Avg Vol (3M)

$788.54K

Beta

1.63

Div Yield

$0.68 (9.22%)

RWT Company Profile


Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

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Industry

REIT - Mortgage

Sector

Real Estate

Exchange

NYSE

ADR

-

Country

US

Employees

289

IPO Date

Aug 04, 1995

Website

RWT Performance


RWT Financial Summary


Dec 23Dec 22Dec 21
Revenue$724.46M$-27.00M$526.00M
Operating Income$33.48M$408.00M$338.00M
Net Income$35.12M$-164.00M$319.61M
EBITDA$33.48M$423.92M$354.78M
Basic EPS-$-1.40$2.73
Diluted EPS-$-1.40$2.37

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 30, 24 | 10:55 PM
Q2 24Aug 01, 24 | 4:57 PM
Q1 24Apr 30, 24 | 12:00 AM

Peer Comparison


TickerCompany
ACREAres Commercial Real Estate Corporation
ARRARMOUR Residential REIT, Inc.
TWOTwo Harbors Investment Corp.
RCReady Capital Corporation
MITTAG Mortgage Investment Trust, I
ORCOrchid Island Capital, Inc.
EARNEllington Residential Mortgage REIT
AJXGreat Ajax Corp.
IVRInvesco Mortgage Capital Inc.
CIMChimera Investment Corporation
MFAMFA Financial, Inc.
PMTPennyMac Mortgage Investment Trust
ARIApollo Commercial Real Estate Finance, Inc.
GPMTGranite Point Mortgage Trust Inc.
NYMTNew York Mortgage Trust, Inc.
KREFKKR Real Estate Finance Trust Inc.