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Dec 31, 2019
Redwood Trust Q4 2019 Earnings Report
Reported financial results for the quarter ended December 31, 2019.
Key Takeaways
Redwood Trust reported a GAAP net income of $49 million, or $0.38 per diluted common share, and non-GAAP core earnings of $61 million, or $0.45 per diluted common share, for the fourth quarter of 2019. The company completed its acquisition of CoreVest for $492 million and deployed $634 million of capital into new investments during the quarter.
GAAP net income was $49 million, or $0.38 per diluted common share
Non-GAAP core earnings were $61 million, or $0.45 per diluted common share
Completed acquisition of CoreVest for $492 million in October
Deployed $634 million of capital into new investments
Forward Guidance
Redwood announced a 6.7% dividend increase to $0.32 per share for the first quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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