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Jun 30, 2022
Redwood Trust Q2 2022 Earnings Report
Reported financial results for the quarter ended June 30, 2022.
Key Takeaways
Redwood Trust reported a GAAP net loss of $(0.85) per diluted common share for Q2 2022, with $(0.74) per share attributable to net fair value changes on long-term investments. Despite market volatility, demand for shorter-term financing from business purpose lending borrowers proved more resilient.
GAAP book value per common share was $10.78 at June 30, 2022, approximately a 10% decrease from $12.01 per share at March 31, 2022
GAAP net loss of $(0.85) per diluted common share, of which $(0.74) per share was attributable to net fair value changes on long-term investments, substantially all of which were unrealized
Deployed $166 million of capital into new, attractively priced organic and third-party investments
Maintained robust balance sheet with unrestricted cash of $371 million
Forward Guidance
Redwood is well-positioned to take advantage of opportunities for its investment portfolio or within its capital structure, further driving shareholder value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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