Loading...
•
Mar 31, 2023
Redwood Trust Q1 2023 Earnings Report
Reported financial results for the first quarter ended March 31, 2023.
Key Takeaways
Redwood Trust reported a productive first quarter in 2023, delivering a positive total economic return to shareholders and restoring operating businesses to profitability. The company achieved considerable success in loan distributions, with approximately $1.0 billion in combined securitization and whole loan sale activity.
GAAP book value per common share was $9.40 at March 31, 2023, a 1.6% decrease from $9.55 per share at December 31, 2022, with an economic return on book value of 0.8%.
GAAP net income was $0.02 per diluted common share.
Non-GAAP Earnings Available for Distribution (EAD) was $0.11 per basic common share.
The recourse leverage ratio was 2.3x at March 31, 2023.
Forward Guidance
Redwood is well positioned to offer market solutions through its deep industry relationships and track record, strong balance sheet, and elevated liquidity.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...