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Redwood Trust, Inc. - RWT STOCK NEWS

Welcome to our dedicated page for Redwood Trust news (Ticker: RWT), a resource for investors and traders seeking the latest updates and insights on Redwood Trust stock.

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on credit-sensitive investments in residential loans and other mortgage-related assets. Established in 1994, the company operates as an internally managed real estate investment trust (REIT), aiming to deliver a stable and growing stream of attractive earnings and dividends for its shareholders.

Redwood Trust operates primarily in three segments:

  • Residential Consumer Mortgage Banking: This segment acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through the Sequoia (SEMT) private-label securitization program, or transfer into its investment portfolio.
  • Residential Investor Mortgage Banking: This platform focuses on originating and acquiring business purpose lending loans for further securitization, sale, or integration into the investment portfolio.
  • Investment Portfolio: This segment comprises organic investments sourced through residential and business-purpose mortgage banking operations.

Beyond these core operations, Redwood Trust's team of dedicated and talented professionals plays a pivotal role in driving innovation and maintaining the company's esteemed reputation. The company fosters a non-hierarchical, hard-working, and fun environment that encourages contributions and feedback from all levels within the organization.

The company also earns income through its residential mortgage banking activities, contributing to its financial robustness. Redwood Trust's continuous pursuit of excellence is evident through its strategic initiatives and partnerships designed to enhance shareholder value.

Stay updated with Redwood Trust's latest developments, partnerships, and financial performances through recent news and updates provided below:

  • Latest News: Source: Redwood Trust, Inc.
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News

Redwood Trust Reports First Quarter 2024 Financial Results

Rhea-AI Summary

Redwood Trust, a leader in housing access, reported impressive financial results for Q1 2024. GAAP book value per share increased to $8.78, with a 3.5% return on book value. Net income was $29 million. The company saw growth in jumbo loans and mortgage lock volumes. They deployed capital into investments, renewed financing facilities, and completed a strategic partnership. Operational efficiency improvements led to cost savings. The CEO expressed confidence in the company's momentum and strategic positioning.

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Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference Call

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Redwood Trust, Inc. (NYSE: RWT) announces the date for its first quarter 2024 financial results webcast and conference call. The company will release its results on April 30, 2024, and hold a conference call on the same day to discuss the financial performance.
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Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership

Rhea-AI Summary
Redwood Trust, Inc. (NYSE: RWT) and Canada Pension Plan Investment Board (CPP Investments) announce a $750 million strategic capital partnership. The partnership includes a $500 million Asset Joint Venture and a $250 million corporate secured financing facility. Redwood will administer the assets on behalf of the Joint Venture, with an equity split of 80% from CPP Investments and 20% from Redwood. CPP Investments will also receive warrants to acquire Redwood common stock. This partnership aims to support Redwood's growth in the residential mortgage sector.
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Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary

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Redwood Trust, Inc. (NYSE: RWT) announces Investor Day to celebrate its 30th anniversary, highlighting its strategic vision and industry outlook amidst changing interest rates and banking regulations.
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Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends

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Redwood Trust, Inc. (RWT) declares first quarter 2024 common stock dividend of $0.16 per share and Series A preferred stock dividend of $0.625 per share. The Company continues its streak of 99 consecutive quarterly common dividends, emphasizing its commitment to shareholders.
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Redwood Trust Reports Fourth Quarter 2023 Financial Results

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Redwood Trust, Inc. reported Q4 2023 financial results with a GAAP book value per common share of $8.64, a 1.5% decrease from the previous quarter. The company had a GAAP net income of $19 million and a non-GAAP Earnings Available for Distribution of $7 million. Redwood Trust focused on residential consumer mortgage banking, residential investor mortgage banking, and investment portfolio in the quarter.
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Redwood Trust Announces Date of Fourth Quarter 2023 Financial Results Webcast and Conference Call

Rhea-AI Summary
Redwood Trust, Inc. (RWT) is set to release its fourth quarter 2023 results on February 20, 2024, followed by a conference call to discuss the financial results. The call will be webcast live and an audio replay will be available on Redwood's website. Participants can also join the call by phone. The company aims to provide access to housing for homebuyers and renters.
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Redwood Trust Announces Dividend Tax Information for 2023

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Redwood Trust, Inc. announces tax information regarding its dividend distributions for 2023. Shareholders should consult their tax advisors to determine the amount of taxes that should be paid on Redwood's dividend distributions for federal, state, and other income tax purposes. The dividend distributions are expected to be characterized for federal income tax purposes as ordinary income, qualified dividends, and return of capital. The tables provide detailed information on the expected federal income tax characterization for each of Redwood's common and preferred stock dividend distributions that were attributable to 2023.
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Redwood Trust Prices $60.0 Million Senior Notes Offering

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Redwood Trust, Inc. announced the pricing of an underwritten public offering of $60,000,000 aggregate principal amount of its 9.125% senior notes due 2029. The Notes are expected to be listed on the NYSE under the symbol 'RWTN'. Redwood intends to use the net proceeds for general corporate purposes, including repurchasing or repaying certain existing notes and funding business and investment activity. The Notes will bear interest at a rate of 9.125% per year, payable quarterly, and will mature on March 1, 2029.
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Redwood Trust Declares Fourth Quarter 2023 Common and Preferred Dividends

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Redwood Trust, Inc. (NYSE: RWT) declares fourth quarter 2023 common stock dividend of $0.16 per share and Series A preferred stock dividend of $0.625 per share. The common dividend marks the Company's 98th consecutive quarterly dividend.
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FAQ

What is the current stock price of Redwood Trust (RWT)?

The current stock price of Redwood Trust (RWT) is $7.06 as of November 15, 2024.

What is the market cap of Redwood Trust (RWT)?

The market cap of Redwood Trust (RWT) is approximately 929.8M.

What is Redwood Trust, Inc.?

Redwood Trust, Inc. is a specialty finance company focused on credit-sensitive investments in residential loans and other mortgage-related assets.

When was Redwood Trust, Inc. established?

Redwood Trust, Inc. was established in 1994.

What does Redwood Trust, Inc. specialize in?

The company specializes in residential loans, mortgage-related assets, and mortgage banking activities.

How is Redwood Trust, Inc. structured for tax purposes?

It is structured as a real estate investment trust (REIT) for tax purposes.

What are the main segments of Redwood Trust, Inc.?

The main segments are Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio.

How does Redwood Trust, Inc. generate income?

The company generates income through residential mortgage banking activities and investments in mortgage-related assets.

What is the Sequoia (SEMT) private-label securitization program?

It is a program through which Redwood Trust securitizes residential loans for investment purposes.

What is the corporate culture at Redwood Trust, Inc.?

The company has a non-hierarchical, hard-working, and fun environment that values contributions and feedback from all levels.

What is the goal of Redwood Trust, Inc.?

The goal is to deliver a stable and growing stream of attractive earnings and dividends for its shareholders.

How can I stay updated with Redwood Trust, Inc. news?

You can stay updated by following the latest news and updates provided on their official channels and stock market websites.

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Redwood Trust, Inc.

NYSE:RWT

RWT Rankings

#2608 Ranked by Market Cap
#216 Ranked by Dividends

RWT Stock Data

929.83M
132.27M
1.19%
79.22%
3.51%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
MILL VALLEY