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Sep 30, 2022
Redwood Trust Q3 2022 Earnings Report
Reported financial results for the quarter ended September 30, 2022.
Key Takeaways
Redwood Trust reported a GAAP net loss of $(0.44) per diluted common share and Non-GAAP Earnings Available for Distribution (EAD) of $0.16 per basic common share for Q3 2022. The company deployed $167 million of capital into new investments and maintained a robust balance sheet with $297 million in unrestricted cash.
GAAP book value per common share was $10.18 at September 30, 2022, an approximate 5.6% decrease from $10.78 per share at June 30, 2022.
Non-GAAP Earnings Available for Distribution (EAD) of $0.16 per basic common share.
Deployed $167 million of capital into new, attractively priced organic and third-party investments.
Maintained robust balance sheet with unrestricted cash of $297 million and unencumbered assets of $491 million at September 30, 2022.
Forward Guidance
The third quarter was in many ways a continuation of market and macro themes that have dominated much of 2022. While volatility persisted, Redwood's strong liquidity allowed them to navigate challenging market conditions and remain well positioned for opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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