Redwood Trust, Inc., is a specialized finance company in the United States. The company is headquartered in Mill Valley, California.
| Revenue (TTM) | $220.10M |
| Gross Profit (TTM) | $163.82M |
| EBITDA | — |
| Operating Margin | -389.20% |
| Return on Equity | -3.50% |
| Return on Assets | -0.12% |
| Revenue/Share (TTM) | $1.76 |
| Book Value | $7.13 |
| Price-to-Book | 0.44 |
| Price-to-Sales (TTM) | 1.65 |
| EV/Revenue | 138.19 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -52.60% |
| Quarterly Revenue Growth (YoY) | -76.30% |
| Shares Outstanding | $116.50M |
| Float | $103.84M |
| % Insiders | 11.58% |
| % Institutions | 92.40% |
Volatility is currently contracting
Redwood Trust, Inc. is converting from an mREIT to a C-Corporation, introducing uncertainty for Series A preferred holders. RWT.PR.A features a 10% cumulative coupon, is not QDI-eligible, and sits subordinate to $541MM in outstanding Notes in bankruptcy risk. Investors must weigh default risk, reinvestment risk, yield, and tax treatment when choosing between RWT's Notes and preferreds.
Redwood Trust, Inc. slashed its dividend by 90% and is converting from a REIT to a taxable C-Corp structure. RWT's legacy portfolio remains a risk, with $682 million in non-core assets and high leverage at 9:1. The C-Corp shift unlocks $304 million in federal net operating losses and increases GAAP book value by $0.75 per share.
Redwood Trust NYSE: RWT reported a third-quarter GAAP net loss attributable to common stockholders of $47 million, or $0.39 per share, as the company absorbed costs tied to the resolution of legacy investments. The company also announced plans to transition from a real estate investment trust structure to a taxable C-corporation beginning with the 2027 tax year, reduce its common dividend and conduct a one-for-five reverse stock split in January.
Redwood Trust, Inc. ( RWT ) Q3 2026 Earnings Call November 3, 2026 5:00 PM EST Company Participants Anh Nguyen Christopher Abate - CEO & Director Dashiell Robinson - President & Director Brooke Carillo - Executive VP & CFO Conference Call Participants Douglas Harter - BTIG, LLC, Research Division Crispin Love - Piper Sandler & Co., Research Division Ameeta Lobo Nelson - UBS Investment Bank, Research Division Richard Shane - JPMorgan Chase & Co, Research Division Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Mikhail Goberman - Citizens JMP Securities, LLC, Research Division Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Greetings, and welcome to the Redwood Trust Third Quarter 2026 Financial Results Conference Call. Today's conference is being recorded.
While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood”, “we”, “us” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has unanimously approved a plan to discontinue the Company's election to be treated as a real estate investment trust for U.S. federal income tax purposes (“REIT”) and convert to a taxable C-corporation, effective for the calendar year ending December 31, 2027 (.
Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff today issued the following open letter to the Board of Directors of Redwood Trust, Inc. (NYSE: RWT). *** September 14, 2026 Redwood Trust, Inc. One Belvedere Place, Suite 300 Mill Valley, California 94941 Attn: The Board of Directors Members of the Board of Directors (the “Board”), I am a significant holder of the outstanding shares of Redwood Trust, Inc. (“Redwood Trust” or the “Company”). Given the Company's recent refinancing, I believe the Board s.
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it priced $185,000,000 aggregate principal amount of its 7.00% convertible senior notes due 2030 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate princ.
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared third quarter 2026 common and preferred stock dividends.Common Stock DividendThe Board has authorized the declaration of a third quarter 2026 regular common stock dividend of $0.18 per share, unchanged from the second quarter of 2026. This marks the Company's 10.
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