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Jun 30, 2020
Redwood Trust Q2 2020 Earnings Report
Reported financial results for the quarter ended June 30, 2020.
Key Takeaways
Redwood Trust reported a GAAP net income of $165 million, or $1.00 per diluted common share, and an economic return on book value of 31%. The company has also repositioned its secured debt structure significantly, reducing total recourse debt from $4.6 billion to $1.8 billion and marginable debt from $3.5 billion to $375 million.
GAAP net income was $165 million, or $1.00 per diluted common share.
GAAP book value per common share was $8.15 at June 30, 2020.
Economic return on book value of 31%.
Unrestricted cash balance of $529 million at June 30, 2020.
Forward Guidance
Redwood Trust entered the third quarter in a unique position, with significant capital to invest in its operating businesses and otherwise opportunistically deploy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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