Redwood Trust/$RWT
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Capital at risk
About Redwood Trust
Redwood Trust Inc is a specialty finance company focused on several distinct areas of housing credit. The company delivers customized housing credit investments to a diverse mix of investors through securitization platforms, whole-loan distribution activities, and its publicly traded securities. The company has four reportable segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. Maximum revenue is generated from the Sequoia Mortgage Banking segment, comprising a mortgage loan conduit that acquires residential consumer loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT private-label securitization program, or transfer into its Redwood Investments portfolio.
- Ticker
- $RWT
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 351
- Headquarters
- Mill Valley, United States
- Website
- www.redwoodtrust.com
Redwood Trust Metrics
BasicAdvanced
$491M
-
-$0.05
1.43
$0.72
18.41%
Price and volume
Market cap
$491M
Beta
1.43
52-week high
$6.97
52-week low
$3.22
Average daily volume
4.3M
Dividend rate
$0.72
Financial strength
Current ratio
6.523
Quick ratio
5.704
Long term debt to equity
29.414
Total debt to equity
29.398
Dividend payout ratio (TTM)
1,804.29%
Profitability
Gross margin (TTM)
80.89%
Net profit margin (TTM)
2.18%
Operating margin (TTM)
9.07%
Effective tax rate (TTM)
69.46%
Revenue per employee (TTM)
$750,000
Management effectiveness
Return on assets (TTM)
0.02%
Return on equity (TTM)
0.57%
Valuation
Price to revenue (TTM)
1.888
Price to book
0.53
Price to tangible book (TTM)
0.53
Price to free cash flow (TTM)
-0.035
Free cash flow yield (TTM)
-2,893.52%
Free cash flow per share (TTM)
-113.12
Dividend yield (TTM)
18.41%
Forward dividend yield
18.41%
Growth
Revenue change (TTM)
73.61%
Earnings per share change (TTM)
-93.39%
3-year revenue growth (CAGR)
57.22%
10-year revenue growth (CAGR)
-1.25%
3-year earnings per share growth (CAGR)
-59.71%
10-year earnings per share growth (CAGR)
-27.63%
3-year dividend per share growth (CAGR)
-5.38%
10-year dividend per share growth (CAGR)
-4.32%
Bulls say / Bears say
Mortgage-banking production exceeded $8 billion for the second consecutive quarter, nearly doubling year over year; mortgage-banking GAAP net income rose 9% sequentially and the platforms delivered an eighth consecutive quarter of at least 20% return on capital. (Redwood Trust)
Aspire is scaling rapidly: Q2 lock volume reached a record $2.1 billion, up 31% sequentially, with more than 150 active loan sellers; Redwood also has a strategic joint venture with potential purchasing capacity of up to $8 billion. (Redwood Trust)
The company maintained its $0.18 quarterly common dividend for Q3 2026, marking 109 consecutive quarterly common dividends, while ending Q2 with $3.7 billion of excess warehouse-financing capacity and $4.5 billion of recourse debt, down from $4.7 billion in Q1. (Redwood Trust)
Q2 2026 produced a GAAP loss of $0.03 per share, while book value per share fell to $6.90 from $7.12 and economic return on book value was negative 0.6%. (Redwood Trust)
Legacy Investments generated a $23.3 million segment loss in Q2, and its recourse leverage was 2.1x; although legacy capital allocation has declined, this portfolio remains a meaningful source of earnings and book-value volatility. (Redwood Trust)
Redwood’s overall recourse leverage remained high at 5.0x, while the company announced a new $150 million convertible-notes offering that could increase financing costs and create potential common-stock dilution upon conversion. (Redwood Trust)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
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Funds containing Redwood Trust
AllEURUSDGBP
Fund name | Fund size | $RWT weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.01% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.01% |
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