Redwood Trust reported a GAAP net income of $97 million, or $0.72 per diluted common share, and a GAAP book value per common share of $10.76 at March 31, 2021. The company's economic return on book value was 10%, and the recourse leverage ratio was 1.9x at the end of the quarter. They declared a regular quarterly dividend of $0.16 per common share for the first quarter.
GAAP net income was $97 million, or $0.72 per diluted common share.
GAAP book value per common share was $10.76 at March 31, 2021.
Economic return on book value of 10%.
Recourse leverage ratio of 1.9x at March 31, 2021.
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