Eric Hagen

Bose George

Donald Fandetti

Douglas Harter

Steven Delaney

Richard Shane

Bradley Capuzzi

Crispin Love

Jason Weaver

Brian Violino

Don Fandetti

Doug Harter

Rick Shane

Steve Delaney

- 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**.  **[0000930236_2213578_1]** **[0000930236_2213578_3]** 
- 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%**.  **[0000930236_2213578_1]** **[0000930236_2213578_5]** 
- 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.  **[0000930236_2213578_1]** 
- The corporate-secured borrowing facility with CPP Investments was expanded to **$400 million** from **$250 million**, enhancing liquidity and supporting growth in core platforms.  **[0000930236_2213578_1]** **[0000930236_2213578_6]** 
- 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.  **[0000930236_2213578_1]** **[0000930236_2213578_5]**

Redwood Trust Reports Record Q3 2025 Loan Originations and Strategic Progress

- 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**.  **[0000930236_2213442_5]** 
- 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.  **[0000930236_2213442_1]** **[0000930236_2213442_3]** 
- 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.  **[0000930236_2213442_1]** 
- 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**.  **[0000930236_2213442_1]** **[0000930236_2213442_6]** 
- The company paid a **$0.18 per share dividend** and repurchased **5 million shares** during the quarter, totaling **6.5 million shares** since June.  **[0000930236_2213442_1]** **[0000930236_2213442_5]**

Redwood Trust Reports Q3 2025 Results with Record Loan Volumes and Strategic Capital Reallocation

- 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**.  **[0000930236_2212884_5]** 
- 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.  **[0000930236_2212884_1]** **[0000930236_2212884_3]** **[0000930236_2212884_5]** 
- 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**.  **[0000930236_2212884_1]** **[0000930236_2212884_4]** 
- 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**.  **[0000930236_2212884_1]** **[0000930236_2212884_5]**

Redwood Trust Reports Q3 2025 Financial Results and Record Loan Originations

- 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**.  **[0000930236_2212724:8]** 
- 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.  **[0000930236_2212724:4]** **[0000930236_2212724:8]** 
- 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.  **[0000930236_2212724:4]** **[0000930236_2212724:6]**

Redwood Trust Reports Q3 2025 Financial Results and Strategic Progress

- 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.  **[930236_0000930236-25-000034_a2025q3earningsrelease.htm:0]** 
- Non-GAAP Core Segments EAD for Q3 2025 was **$27.1 million** or **$0.20 per basic common share**.  **[930236_0000930236-25-000034_a2025q3earningsrelease.htm:0]** 
- 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.  **[930236_0000930236-25-000034_a2025q3earningsrelease.htm:0]** 
- Redwood Trust repurchased approximately **five million shares** of common stock for approximately **$29 million** during the quarter.  **[930236_0000930236-25-000034_a2025q3earningsrelease.htm:0]** 
- 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.  **[930236_0000930236-25-000034_a2025q3earningsrelease.htm:0]**

Redwood Trust Reports Third Quarter 2025 Financial Results and Strategic Progress

- 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**.  **[930236_b4a199a6ba8a49369a77ec5d55667e94_0]** 
- **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.  **[930236_b4a199a6ba8a49369a77ec5d55667e94_0]** 
- 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**.  **[930236_b4a199a6ba8a49369a77ec5d55667e94_0]** 
- 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**.  **[930236_b4a199a6ba8a49369a77ec5d55667e94_0]**

Redwood Trust Reports Third Quarter 2025 Financial Results

- 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.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- This issuance is a reopening of an existing series, bringing the total aggregate principal amount of outstanding notes to **$297,170,000**.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- The notes bear interest at a rate of **7.75%** per year, payable semi-annually, and will mature on **June 15, 2027**.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- 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.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]**

REDWOOD TRUST (RWT)