Redwood Trust Reports Third Quarter 2024 Financial Results
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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US:NYSE Investor Relations:
redwoodtrust.com/corporateprofile
Company Research
Source: Business Wire
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2024.Key Q3 2024 Financial Results and MetricsGAAP book value per common share was $8.74 at September 30, 2024, relative to $8.73 per share at June 30, 2024Economic return on book value of 2.1% for the third quarter and 6.8% year to date 2024(1)GAAP net income available to common stockholders of $13.1 million or $0.09 per basic and diluted common shareNon-GAAP Earnings Available for Distribution ("EAD") of $25.2 million or $0.18 per basic common share(2)Recourse leverage ratio of 2.5x at September 30, 2024, relative to 2.1x at June 30, 2024(3)Declared and paid a regular quarterly dividend of $0.17 per common share, a 6.25% increase from the second quarter 2024Q3 2024 Operational Business HighlightsResidential Consumer Mortgage BankingGenerated 30%
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RWT
News
- Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024Business Wire
- Redwood Trust, Inc. (NYSE: RWT) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $7.00 price target on the stock, down previously from $8.00.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Redwood Trust, Inc. (RWT): Among the Cheap REITs with Huge Upside [Yahoo! Finance]Yahoo! Finance
RWT
Earnings
- 10/30/24 - Miss
RWT
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- RWT's page on the SEC website