Earnings summaries and quarterly performance for REDWOOD TRUST.
Executive leadership at REDWOOD TRUST.
Board of directors at REDWOOD TRUST.
Research analysts who have asked questions during REDWOOD TRUST earnings calls.
Eric Hagen
BTIG
6 questions for RWT
Bose George
Keefe, Bruyette & Woods
5 questions for RWT
Donald Fandetti
Wells Fargo & Company
5 questions for RWT
Douglas Harter
UBS
5 questions for RWT
Steven Delaney
Citizens JMP Capital
5 questions for RWT
Richard Shane
JPMorgan Chase & Co.
4 questions for RWT
Bradley Capuzzi
Piper Sandler
2 questions for RWT
Crispin Love
Piper Sandler
2 questions for RWT
Jason Weaver
Unaffiliated Analyst
2 questions for RWT
Brian Violino
Wedbush Securities Inc.
1 question for RWT
Don Fandetti
Wells Fargo
1 question for RWT
Doug Harter
UBS Group AG
1 question for RWT
Rick Shane
JPMorgan Chase & Co.
1 question for RWT
Steve Delaney
Citizens JMP Securities, LLC
1 question for RWT
Recent press releases and 8-K filings for RWT.
- Redwood Trust, Inc. completed a public offering of $100,000,000 aggregate principal amount of its 9.500% Senior Notes due 2030 on November 19, 2025.
- The offering included an over-allotment option for underwriters to purchase up to an additional $15,000,000 aggregate principal amount of notes.
- The resulting net proceeds are approximately $96.4 million (or approximately $110.9 million if the over-allotment option is fully exercised).
- The company intends to use these net proceeds for general corporate purposes, including funding its operating businesses and investment activities, and pursuing strategic acquisitions.
- Redwood Trust achieved record loan locks and originations of nearly $7 billion in Q3 2025, with Sequoia contributing $5.1 billion and Aspire $1.2 billion.
- The company reported core segment earnings available for distribution (EAD) of $0.20 per share for Q3 2025, and its combined GAAP return on equity for mortgage banking segments reached 28%.
- Redwood Trust significantly reduced its legacy asset exposure from 33% of total capital at July 30th to 25% by September 30th, while also repurchasing 5 million shares during the quarter.
- The corporate-secured borrowing facility with CPP Investments was expanded to $400 million from $250 million, enhancing liquidity and supporting growth in core platforms.
- A GAAP net loss of $9.5 million or $0.08 per share was reported, primarily due to transaction-related expenses from legacy asset resolution, which contributed to a GAAP book value decline to $7.34 per share at September 30th.
- Redwood Trust reported a GAAP net loss of $9.5 million, or $0.08 per share, for Q3 2025, while achieving core segment earnings available for distribution (EAD) of $0.20 per share, representing a 17% return on equity.
- The company locked or originated a record nearly $7 billion of loans in Q3 2025, including $5.1 billion at Sequoia and $1.2 billion at Aspire.
- Capital allocated to legacy investments was significantly reduced to 25% of total capital at September 30, down from 33% at July 30, with a target of 20% by year-end.
- Redwood Trust expanded its relationship with CPP Investments, extending their joint venture and increasing its corporate-secured borrowing facility to $400 million from $250 million.
- The company paid a $0.18 per share dividend and repurchased 5 million shares during the quarter, totaling 6.5 million shares since June.
- Redwood Trust (RWT) reported a Q3 2025 GAAP net loss of $9.5 million or $0.08 per share, while core segment earnings available for distribution (EAD) reached $0.20 per share.
- The company achieved a record $7 billion in loan locks and originations during Q3 2025, driven by $5.1 billion from Sequoia and $1.2 billion from Aspire, with mortgage banking segments maintaining return on equities (ROEs) above 20% for five consecutive quarters.
- RWT significantly reduced its legacy investment exposure to 25% of total capital from 33% at June 30, 2025, and expanded its corporate-secured borrowing facility with CPP Investments to $400 million.
- Book value per common share stood at $7.35 at September 30, 2025, and the company repurchased 5 million shares during the quarter, alongside paying a $0.18 per share dividend.
- Redwood Trust reported a GAAP EPS of $(0.08) and Non-GAAP Core Segments EAD EPS of $0.20 for Q3 2025, alongside a book value per share of $7.35 and a dividend per share of $0.18.
- The company achieved a record quarterly volume of $6.8 billion and significantly advanced its strategic shift, increasing capital allocated to Core Segments to 72% as of September 30, 2025, and disposing of approximately $1 billion in legacy assets.
- Redwood Trust repurchased 5 million common shares and expanded its partnership with CPP Investments, extending the commitment period to September 2028 and adding $150 million in borrowing capacity.
- Redwood Trust reported a GAAP net loss of $(9.5) million or $(0.08) per basic and diluted common share for the third quarter ended September 30, 2025, primarily driven by one-time expenses related to the transfer or resolution of certain Legacy Investments.
- Non-GAAP Core Segments EAD for Q3 2025 was $27.1 million or $0.20 per basic common share.
- The company achieved record mortgage banking production of $6.8 billion and transferred approximately $1 billion of Legacy Investments segment holdings, unlocking $150 million of capital for deployment towards mortgage banking platform growth.
- Redwood Trust repurchased approximately five million shares of common stock for approximately $29 million during the quarter.
- GAAP book value per common share was $7.35 at September 30, 2025, with an economic return on book value of 0.5% for the third quarter.
- Redwood Trust reported a GAAP net loss of $(9.5) million, or $(0.08) per basic and diluted common share, for the third quarter ended September 30, 2025, with a GAAP book value per common share of $7.35.
- Non-GAAP Core Segments Earnings Available for Distribution (EAD) was $27.1 million, or $0.20 per basic common share, for the third quarter of 2025.
- The company achieved record cumulative loan production of $6.8 billion across its operating platforms and transferred approximately $1 billion of Legacy Investments segment holdings, unlocking $150 million of capital.
- Redwood Trust repurchased five million shares of common stock for approximately $29 million and expanded its partnership with CPP Investments, including upsizing a secured financing facility to $400 million.
- Redwood Trust, Inc. issued an additional $50,000,000 aggregate principal amount of its 7.75% Convertible Senior Notes due 2027 on August 25, 2025.
- This issuance is a reopening of an existing series, bringing the total aggregate principal amount of outstanding notes to $297,170,000.
- The notes bear interest at a rate of 7.75% per year, payable semi-annually, and will mature on June 15, 2027.
- The conversion rate for the notes is 95.6823 shares of Common Stock per $1,000 principal amount, which is equivalent to a conversion price of approximately $10.45 per share, representing a 78.0% premium over the Company's Common Stock closing price on August 21, 2025.
Quarterly earnings call transcripts for REDWOOD TRUST.
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