Redwood Trust Stock Price, News & Analysis

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.

Redwood Trust (NYSE:RWT) reported its Q4 2024 financial results, showing a GAAP net loss of $(8.4) million or $(0.07) per share. The company's GAAP book value per common share decreased to $8.46 from $8.74 in Q3 2024, resulting in an economic return of (1.1)% for Q4 and 5.7% for full-year 2024.

Key operational highlights include: Sequoia Mortgage Banking generated 23% annualized GAAP Return on Capital with $2.3 billion in loan locks, while CoreVest Mortgage Banking funded $501 million in loans. The company maintained strong liquidity with $245 million in unrestricted cash and $4.7 billion in warehouse financing capacity. Redwood increased its quarterly dividend by 5.9% to $0.18 per share and completed a $40 million reopening of 7.75% convertible notes due 2027.

Redwood Trust (NYSE: RWT), a company focused on expanding housing access for homebuyers and renters, has announced its schedule for releasing fourth quarter 2024 financial results. The results will be released on Thursday, February 13, 2025, after the NYSE closing.

The company will host a conference call with senior management to discuss the results at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on the same day. Investors can access the webcast through Redwood's Investor Relations website in listen-only mode. For phone participation, attendees should dial 1-877-423-9813 (domestic) or 1-201-689-8573 (international).

A replay will be available from 8:00 p.m. ET on February 13 until February 27, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with passcode 13750895.

Redwood Trust (NYSE: RWT) has released its dividend distribution tax information for 2024. The company's common stock dividend distributions for 2024 will be characterized as 6% ordinary income (Section 199A), 44% qualified dividends, and 50% return of capital.

For 2024, RWT will distribute quarterly common stock dividends of $0.16 per share in March and June, increasing to $0.17 in September and $0.18 in December, totaling $0.67 for the year. The preferred stock will pay $0.625 per share quarterly, totaling $2.50 annually, characterized as 11% ordinary income and 89% qualified dividends.

Individual taxpayers may generally deduct 20% of their ordinary income REIT dividends under section 199A, subject to holding period requirements. No portion of the 2024 distributions is expected to consist of unrelated business taxable income (UBTI).

Redwood Trust (NYSE: RWT) has announced the pricing of a $90 million public offering of senior notes due 2030, with a 9.125% interest rate. The company has granted underwriters a 30-day option to purchase up to an additional $13.5 million in notes for over-allotments. The notes, expected to close on January 17, 2025, will be listed on the NYSE under the symbol 'RWTP' and have received a BBB- investment grade rating from Egan-Jones.

The proceeds will be used for general corporate purposes, including funding residential and business lending operations, acquiring mortgage-backed securities, and potentially repaying existing debt. The notes will pay interest quarterly, mature on March 1, 2030, and will be issued in minimum denominations of $25. Redwood maintains the right to redeem the notes after March 1, 2027, at 100% of principal plus accrued interest.

Redwood Trust (NYSE: RWT) announced significant updates to its residential consumer operating platforms. The company is expanding its home equity platform, Aspire, to include alternative loan products alongside existing home equity offerings. The expansion aims to address growing consumer demand for flexible financing solutions amid high interest rates and housing supply.

The new Aspire offerings include loans for consumers qualifying through alternative income calculation methods, such as bank statements and CPA-prepared profit-and-loss statements, as well as debt service coverage ratio (DSCR) loans for housing investors. Additionally, Redwood is refreshing the branding of its jumbo loan platform under the Sequoia name, which has been associated with the company's securitization shelf that has issued over 130 transactions.

Redwood Trust (NYSE: RWT) has announced a 5.9% increase in its fourth quarter 2024 common stock dividend to $0.18 per share, marking its 102nd consecutive quarterly dividend and second consecutive quarter of dividend increases. The dividend will be paid on December 30, 2024, to stockholders of record on December 23, 2024.

Additionally, the company declared a Series A preferred stock dividend of $0.625 per share for Q4 2024, payable on January 15, 2025, to stockholders of record on January 1, 2025. CEO Christopher Abate stated that this dividend level provides shareholders with an attractive risk-adjusted return aligned with long-term objectives.

CoreVest, a division of Redwood Trust, has promoted Fred Matera to Chief Executive Officer. Matera, who previously served as CoreVest's Co-Head and Redwood's Chief Investment Officer, will oversee CoreVest's operating strategy, product growth, and distribution. With over 30 years of experience in residential lending and fixed income markets, Matera has been part of Redwood's leadership team since 2019. In his new role, he will continue reporting to Dash Robinson, Redwood's President, focusing on driving innovation and expanding distribution channels to enhance value for customers and stakeholders.