Redwood Trust Stock Price, News & Analysis

Redwood Trust, Inc. (NYSE: RWT) is set to release its first quarter 2023 results on April 27, 2023, after market close. The company's management will hold a conference call at 2:00 PM PT / 5:00 PM ET to discuss these results. Investors can access the live webcast on Redwood's Investor Relations page. A replay of the call will be available until May 11, 2023.

Redwood specializes in providing housing credit through various platforms, catering to segments of the housing market underserved by government programs. The company aims to deliver attractive returns via earnings, dividends, and capital appreciation while leveraging its expertise in residential, business purpose, and multifamily assets.

Redwood Trust, Inc. (NYSE: RWT) has declared its first quarter 2023 common stock dividend of $0.23 per share, marking the company's 95^th consecutive quarterly dividend, payable on March 31, 2023. The Board also approved a preferred stock dividend of $0.60417 for the Series A stock, payable on April 17, 2023. As of March 13, 2023, Redwood holds approximately $370 million in unrestricted cash and cash equivalents, emphasizing its solid liquidity positioned to support long-term investments. The company maintains approximately $4.1 billion in available warehouse capacity while avoiding borrowings from banks currently in FDIC receivership.

Redwood Trust, Inc. (NYSE:RWT) reported its fourth quarter 2022 financial results, showing a GAAP net loss of $(0.40) per diluted share, driven primarily by unrealized net fair value changes on long-term investments. The company’s book value per common share decreased by 6.2% to $9.55. Despite challenges in the market, Redwood deployed $74 million in new investments and maintained stable credit performance with low delinquencies. The company also declared a quarterly dividend of $0.23 per share. As of February 7, 2023, Redwood held $400 million in cash and raised $70 million through a preferred stock offering.

Redwood Trust, Inc. (NYSE: RWT) will release its fourth quarter 2022 results on February 9, 2023, after market close. The company's management will discuss financial outcomes in a conference call at 2:00 PM PT / 5:00 PM ET. Investors can access the call via Redwood's Investor Relations website. A replay will be available until February 23, 2023. Redwood Trust specializes in providing liquidity in U.S. housing finance through various asset classes, including residential and multifamily investments.

Redwood Trust (NYSE: RWT) disclosed tax information related to its 2022 dividend distributions, totaling $0.92 per share, with each quarterly distribution amounting to $0.23. For tax purposes, 58% of these distributions are classified as ordinary income and 42% as qualified dividends. The total dividends paid in 2022 amounted to $107,340,446. Shareholders should consult their tax advisors regarding the federal and state implications of these distributions, as none are classified as return of capital or long-term capital gains. Redwood Trust is a REIT focused on housing credit solutions.

Redwood Trust, Inc. (NYSE: RWT) announced a public offering of 2,600,000 shares of its Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, priced at $25.00 per share, generating gross proceeds of $65.0 million. A 30-day over-allotment option for an additional 390,000 shares has been granted to underwriters. Proceeds will be used for corporate purposes, including repaying convertible senior notes, funding business activities, and acquiring mortgage-backed securities. The offering is set to close on January 18, 2023.