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Redwood Trust/$RWT

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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
Primary listing
NYSE
Employees
351

Redwood Trust Metrics

BasicAdvanced
$393M
-
-$0.04
1.43
$0.72
23.00%

What the Analysts think about Redwood Trust

Analyst ratings (Buy, Hold, Sell) for Redwood Trust stock.
Analyst projections of the future price of Redwood Trust stock.

Bulls say / Bears say

Mortgage banking is showing strong operating momentum: production topped $8 billion for a second straight quarter, nearly double a year earlier, while platform income rose 9% quarter on quarter. Redwood also reported an eighth consecutive quarter of returns on capital above 20%. (Redwood Trust)
Joint ventures could let Redwood grow without tying up as much of its own capital: the company reported about $18 billion of combined purchasing power across its platforms. Aspire also achieved record quarterly loan locks, giving the company another channel for expansion. (Redwood Trust)
Redwood distributed more than $8 billion of mortgage loans in the third quarter despite sharp swings in Treasury yields, and ended September with about $190 million in cash. That points to continued loan-market access and a meaningful liquidity buffer, although quarterly earnings are still to come. (Redwood Trust)
Underlying shareholder returns remain under pressure: second-quarter GAAP results were a loss of $0.03 per share, and EAD of $0.15 per share fell short of the $0.18 dividend. Book value also declined to $6.90 from $7.12 per share. (Redwood Trust)
Legacy credit problems remain a drag, with the Legacy Investments segment posting a $23.3 million second-quarter loss. At June-end, $268 million of residential investor loans were on non-accrual, and Redwood warned that borrower stress or longer repayment delays could add losses. (Redwood Trust, SEC)
Redwood’s September convertible-note raise highlights funding and dilution risk: it upsized the planned offering to $185 million, and shares fell sharply after the plan was announced. More shares could be issued if the notes convert, while debt funding adds to the company’s financing burden. (MarketWatch, Redwood Trust)
Data summarised monthly by Lightyear AI. Last updated on 20 Oct 2026.

Redwood Trust Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Redwood Trust Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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