Redwood Trust Stock Price, News & Analysis

Redwood Trust (NYSE:RWT) has priced a $50 million reopening of its 7.75% convertible senior notes due 2027. The notes will be part of the same series as the existing $247.17 million outstanding notes originally issued in June 2022 and October 2024. The notes will mature on June 15, 2027, with interest payable semi-annually.

The conversion rate is set at 95.6823 shares per $1,000 principal amount, equivalent to a conversion price of approximately $10.45 per share, representing a 78.0% premium to the closing price on August 21, 2025. The company expects net proceeds of approximately $49.2 million, which will be used for general corporate purposes, including funding its mortgage banking businesses and potential repayment of existing debt.

Redwood Trust (NYSE:RWT) has announced plans to offer $50 million of 7.75% convertible senior notes due 2027. This offering represents a reopening of the same series as the company's existing notes, of which $247.17 million are currently outstanding.

The net proceeds will be used for general corporate purposes, including funding residential and business purpose lending mortgage banking operations, acquiring mortgage-backed securities, funding strategic acquisitions, and potentially repaying existing debt, particularly the 5.75% exchangeable senior notes due 2025.

Redwood Trust (NYSE:RWT) has announced an expanded common stock repurchase authorization to $150 million, demonstrating confidence in the company's intrinsic value and strategic direction. The authorization, which has no time limit, follows the company's initiation of stock repurchases in Q2 2025.

CEO Christopher Abate emphasized that this decision reflects the strength of their operating platforms and strategic positioning. The company's strategy focuses on partnerships with capital providers interested in both acquiring platform-originated assets and directly investing in business expansion. The repurchase program's implementation will be based on various factors, including capital position, liquidity, and market conditions.

Redwood Trust (NYSE:RWT) reported Q2 2025 financial results, announcing an accelerated transition to a simplified operating model and increased share repurchase authorization to $150 million. The company reported a GAAP net loss of $(100.2) million, or $(0.76) per share, primarily due to Legacy Investments segment performance.

Key financial metrics include a decrease in GAAP book value to $7.49 per share from $8.39 in Q1, and Core Segments EAD of $25.0 million ($0.18 per share). The company maintains $302 million in unrestricted cash and expects to generate $200-250 million of incremental capital by year-end 2025 through legacy portfolio dispositions.

Strategic initiatives include accelerating the wind-down of legacy portfolio holdings, focusing on mortgage banking platforms (achieving >20% GAAP returns for four consecutive quarters), and expanding capital return to shareholders through increased share repurchases.

Redwood Trust (NYSE:RWT) has announced it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, before the NYSE market open. The company will host a conference call at 8:00 a.m. Eastern Time the same day to discuss the results.

Investors can access the webcast through Redwood's Investor Relations website, with dial-in options available both domestically (1-877-423-9813) and internationally (1-201-689-8573). A replay will be accessible until August 13, 2025, using passcode 13754528.

Redwood Trust reported positive Q1 2025 financial results with a GAAP net income of $14.4 million ($0.10 per share), compared to a loss in Q4 2024. The company's book value slightly decreased to $8.39 per share from $8.46, delivering a 1.3% economic return.

Key highlights include:

• Sequoia Mortgage Banking achieved $25.8 million in net income with $4.0 billion in loan locks
• CoreVest Mortgage Banking posted $1.3 million net income
• Redwood Investments segment earned $22.9 million
• Maintained strong liquidity with $260 million in cash and $290 million in unencumbered assets
• Paid quarterly dividend of $0.18 per share

The company demonstrated significant growth in loan volumes, with Sequoia's lock volume up 73% from Q4 2024. The gain on sale margin reached 123 basis points, exceeding the historical target range of 75-100 basis points. Management reported continued strength through April 2025, with approximately $520 million in loan distributions.

Redwood Trust (NYSE: RWT) has announced it will release its first quarter 2025 financial results on Wednesday, April 30, 2025, after the NYSE market close. The company's senior management will host a conference call at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on the same day to discuss the results.

Investors can access the webcast through Redwood's Investor Relations website in listen-only mode. The conference call will be accessible via phone by dialing 1-877-423-9813 (domestic) or 1-201-689-8573 (international). A replay will be available until May 14, 2025, through domestic (1-844-512-2921) and international (1-412-317-6671) numbers using passcode 13752516.

Redwood Trust (NYSE: RWT) has announced its dividend declarations for the first quarter of 2025. The company's Board of Directors has maintained its regular common stock dividend at $0.18 per share, marking its 103rd consecutive quarterly dividend payment. The common stock dividend will be paid on March 31, 2025, to stockholders of record as of March 24, 2025.

Additionally, the company declared a dividend of $0.625 per share for its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on April 15, 2025, to stockholders of record on April 1, 2025.