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Dec 31, 2021
Redwood Trust Q4 2021 Earnings Report
Reported financial results for the quarter ended December 31, 2021.
Key Takeaways
Redwood Trust reported a GAAP net income of $44 million, or $0.34 per diluted common share, with a book value per common share of $12.06 at the end of 2021. The company's economic return on book value was 2.4% for the quarter and 29.6% for the full year. They funded $733 million in business purpose loans and locked $2.8 billion of jumbo residential loans.
GAAP net income was $44 million, or $0.34 per diluted common share
GAAP book value per common share was $12.06 at December 31, 2021, up 0.5% from September 30, 2021 and up 21.7% from December 31, 2020
Economic return on book value of 2.4% for the fourth quarter and 29.6% for full-year 2021
Declared and paid a regular quarterly dividend of $0.23 per common share for the fourth quarter, a 9.5% increase from the third quarter of 2021
Forward Guidance
The diversity and composition of revenue streams is expected to provide a notable advantage in a rising rate environment. Focus remains on delivering for shareholders and executing the long-term strategic growth plans outlined at the September 2021 Investor Day.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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