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Sep 30, 2021
Redwood Trust Q3 2021 Earnings Report
Reported strong financial results driven by strength across all businesses, including volume records and industry 'firsts' in the securitization market.
Key Takeaways
Redwood Trust reported GAAP net income of $88 million, or $0.65 per diluted common share, and GAAP book value per common share was $12.00 at September 30, 2021, up 4.7% from June 30, 2021. The company achieved an economic return on book value of 6.5% for the third quarter and 26.6% year-to-date for 2021. The recourse leverage ratio was 2.2x at September 30, 2021.
GAAP net income was $88 million, or $0.65 per diluted common share.
GAAP book value per common share was $12.00 at September 30, 2021, up 4.7% from June 30, 2021.
Economic return on book value of 6.5% for the third quarter and 26.6% year-to-date for 2021.
Recourse leverage ratio of 2.2x at September 30, 2021.
Forward Guidance
As Redwood executes its strategy, it expects to produce high-quality earnings from diverse, durable, and recurring revenue streams.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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