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Mar 31, 2020
Redwood Trust Q1 2020 Earnings Report
Redwood Trust's financial results were significantly impacted by the COVID-19 pandemic, resulting in a net loss.
Key Takeaways
Redwood Trust reported a GAAP net loss of $(943) million, or $(8.28) per diluted common share, due to the impact of the COVID-19 pandemic on the economy and financial markets. The company's unrestricted cash balance was $375 million at the end of the quarter.
GAAP net loss was $(943) million, or $(8.28) per diluted common share.
GAAP book value per common share was $6.32 at March 31, 2020.
Unrestricted cash balance was $375 million at March 31, 2020.
Total recourse debt of $4.6 billion at March 31, 2020.
Forward Guidance
Redwood expects to reduce total recourse debt and total marginable debt on a pro forma basis and preliminary estimates show GAAP book value per common share as of April 30, 2020 is estimated to be approximately 5% higher than GAAP book value per common share at March 31, 2020
Historical Earnings Impact
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Avg. Return Before/After Earnings
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