RWT

MILL VALLEY, Calif., July 14, 2026--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2026 results on Tuesday, July 28, 2026, before the open of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its second quarter 2026 financial results that same morning at 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time. Webcast Information The conference call will be webcast live in listen-only mode through the News & Events section of Redwood Trust’s Investor Relations website at https://www.redwoodtrust.com/investor-relations/news-events/events. To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software. An audio replay of the call will also be available on Redwood's website following the call. Conference Call Information To participate by phone, please dial-in at least 15 minutes prior to the start time to allow for wait times to access the conference call. The live conference call will be accessible domestically or internationally, by dialing 1-877-423-9813 or 1-201-689-8573, respectively. In addition to the aforementioned dial-in information, participants can also access the call, bypassing the live operator and receiving an instant callback, by accessing the callback link on the Investor Relations section of the Company’s website or using the following link (this feature is available 15 minutes prior to the scheduled event): https://callme.viavid.com/viavid/?callme=true&passcode=13721503&h=true&info=company&r=true&B=6. A replay of the conference call will be available after 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time on Tuesday, July 28, 2026, through 11:59 p.m. Eastern Time / 8:59 p.m. Pacific Time on Tuesday, August 11, 2026. To access the replay, listeners may use 1-844-512-2921 (domestic) or 1-412-317-6671 (international). The passcode for the replay is 13761483. ABOUT REDWOOD TRUST Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments t...

MILL VALLEY, Calif., July 07, 2026--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today provided the following update regarding its Aspire business and selected consolidated operating results for the second quarter ended June 30, 2026. Aspire Update Christopher J. Abate, Chief Executive Officer, commented: "Our mortgage banking businesses continued their momentum in the second quarter, with aggregate volumes of over $8 billion despite continued geopolitical and interest rate volatility, and subdued overall housing market activity. This included another record production quarter from our Aspire non-QM business, which contributed $2.1 billion of lock volume, up 32% sequentially from the first quarter." Distribution and technology remain central to the platform’s growth. Aspire recently completed its second and third securitization issuances under the SPIRE shelf, and has grown its correspondent network to 140 discrete loan sellers. In support of rapid and scalable growth, Aspire has also recently developed and launched proprietary AI-powered engines for non-QM secondary market pricing and guideline comparison and analysis. Abate continued, "These new tools deliver unified loan-level pricing and underwriting functions across bulk and flow channels, and are innovations that will support a dedicated Aspire joint venture. Key terms and documentation for this new joint venture have been fully negotiated with an institutional capital partner, and we expect to begin contributing loans to the JV during the third quarter." Second Quarter Business Update During the second quarter, Redwood’s core operating businesses continued to execute with strong margins in the face of elevated market volatility. The Company currently estimates a modest 1 to 3% decline in GAAP book value at June 30, 2026 from the end of the first quarter of 2026, inclusive of its Legacy Investments segment, with an economic return on book value(1) for the second quarter currently estimated between (1.0)% and 1.0%, inclusive of its $0.18 per share second quarter dividend. Additionally, the Company maintained its strong liquidity profile, completing a successful corporate unsecured senior notes offering in May, and maintaining $3.5 billion of excess available asset funding capacity at June 30, 2026. The Comp...

MILL VALLEY, Calif., June 11, 2026--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the "Board") has declared second quarter 2026 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a second quarter 2026 regular common stock dividend of $0.18 per share, unchanged from the first quarter of 2026. This marks the Company's 108th consecutive quarterly common dividend. The second quarter 2026 common stock dividend is payable on June 30, 2026 to stockholders of record on June 23, 2026. Preferred Stock Dividend In accordance with the terms of Redwood’s 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series A"), the Board authorized the declaration of a Series A dividend for the second quarter of 2026 of $0.625 per share. Dividends for the Series A are payable on July 15, 2026 to stockholders of record on July 1, 2026. About Redwood Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms, whole-loan distribution activities, joint ventures and our publicly traded shares. We operate through three core residential housing-focused operating platforms Sequoia, Aspire, and CoreVest — alongside our complementary Redwood Investments portfolio which is primarily composed of assets we source through these platforms. Redwood Investments also includes RWT Horizons®, our unified technology platform spanning internal AI innovation and strategic investments across the ecosystem, which supports our efforts to develop an AI-first operating model that enables compounding operational leverage and scalable growth. This reflects how we manage and organize our business and may differ from the manner in which our reportable segments are presented for financial reporting purposes. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facili...

Record mortgage banking quarter: Mortgage banking volume topped $8.5 billion with 11 in-house securitizations and earnings available for distribution (EAD) of $0.21 per share, which management said again covered the dividend. Castlelake joint venture and third‑party capital: A Castlelake JV adds roughly $8 billion of incremental purchasing power and management expects it could contribute about $0.12–$0.15 per share of annual incremental earnings as it scales, with an Aspire-focused JV also planned. GAAP loss but underlying strength and liquidity: Redwood reported a GAAP net loss of $7 million and a 3% sequential book‑value decline, yet core EAD was $0.28 per share (≈19% ROE), Sequoia cut cost per loan ~30%, and liquidity included $202 million cash plus about $3.9 billion of excess warehouse capacity. Interested in Redwood Trust, Inc.? Here are five stocks we like better. Redwood Trust (NYSE:RWT) reported what management described as a “third consecutive record operating quarter” during its first-quarter 2026 earnings call, driven by record mortgage banking activity and continued efforts to improve capital turnover and operating efficiency. While the company posted a GAAP net loss for the quarter, executives emphasized stronger performance on an earnings available for distribution basis and highlighted new third-party capital partnerships intended to support additional growth. Chief Executive Officer Chris Abate said Redwood’s mortgage banking volume surpassed $8.5 billion for the first time, and that earnings available for distribution (EAD) came in “a bit above last quarter at $0.21 per share, once again covering our dividend.” He framed the quarter as a strong performance despite a mortgage market he characterized as sluggish, citing mortgage applications “close to 40% below pre-pandemic levels” and noting that jumbo mortgage rates rose from February lows “in large part due to the conflict in the Middle East.” → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Abate also pointed to the pace of loan turnover and securitization. Redwood completed 11 securitizations in the quarter—an “in-house record,” he said—supported by what he described as a high capital turnover model in which warehouse-held loans “are moving quickly and getting replaced with fresh production.” President Dashiell Robinson said Sequoia led the quarter with another reco...

Redwood Trust (RWT) reported $34.7 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 24.4%. EPS of $0.28 for the same period compares to $0.14 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $31.58 million, representing a surprise of +9.9%. The company delivered an EPS surprise of +1.82%, with the consensus EPS estimate being $0.28. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Redwood Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net interest income: $34.7 million compared to the $31.45 million average estimate based on two analysts. Total non-interest income (loss), net- Mortgage banking activities, net: $32 million versus the two-analyst average estimate of $56.19 million. Total non-interest income (loss), net- HEI income, net: $7.1 million compared to the $3.8 million average estimate based on two analysts. Total non-interest income (loss), net: $29.2 million versus the two-analyst average estimate of $59.74 million. View all Key Company Metrics for Redwood Trust here>>> Shares of Redwood Trust have returned +2.5% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Redwood Trust, Inc. (RWT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MILL VALLEY, Calif., April 29, 2026--(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 March 31, 2026. First Quarter 2026 Highlights On a consolidated basis, GAAP net loss was $(0.07) per basic and diluted common share. Non- GAAP Earnings Available for Distribution ("EAD") was $0.21 per share(1), an increase from the prior quarter and once again exceeding the Company’s dividend Demonstrated sustained momentum in Mortgage Banking despite a more volatile and uncertain macroeconomic backdrop Mortgage Banking production reached a record $8.5 billion, up from $7.3 billion in the previous quarter and marking a third consecutive quarterly record(2) Gross margins remained within targeted ranges despite increased market volatility late in the quarter from changes in interest rates and mortgage spreads Distribution remained strong across platforms, supported by record securitization activity and continued momentum in whole loan sales, enabling efficient risk transfer and consistent market access Variability between Consolidated GAAP and EAD results primarily reflects market-driven changes in portfolio valuations rather than underlying operating performance Key Financial First Quarter 2026 Results and Metrics GAAP book value per common share was $7.12 at March 31, 2026, compared to $7.36 per share at December 31, 2025 Economic return on book value of (0.8)% for the first quarter 2026(3) GAAP net loss of $(7.3) million or $(0.07) per basic and diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $27.1 million or $0.21 per basic common share(1) Non-GAAP Core Segments Earnings Available for Distribution ("Core Segments EAD") of $36.5 million, or $0.28 per basic common share(4) Declared and paid a regular quarterly dividend of $0.18 per common share "We delivered a third consecutive quarter of record mortgage banking volume, as Sequoia and Aspire continued to scale while maintaining disciplined margins," said Christopher Abate, Chief Executive Officer of Redwood Trust. "What stands out in this environment is not just the level of production, but how we’re processing it using active distribution and technology to drive capital turnover and efficiently manage risk. As we expand our product set and deep...

Redwood Trust (RWT) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.82%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.23 per share when it actually produced earnings of $0.33, delivering a surprise of +43.48%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Redwood Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $34.7 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.90%. This compares to year-ago revenues of $27.9 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Redwood Trust shares have added about 4% since the beginning of the year versus the S&P 500's gain of 4.3%. While Redwood Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Redwood Trust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (St...

MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Redwood Trust Inc. (RWT) on Wednesday reported a loss of $5.5 million in its first quarter. On a per-share basis, the Mill Valley, California-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs, came to 28 cents per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RWT at https://www.zacks.com/ap/RWT

Image source: The Motley Fool. Wednesday, April 29, 2026 at 5 p.m. ET Chief Executive Officer — Christopher J. Abate President — Dashiell I. Robinson Chief Financial Officer — Brooke E. Carillo Need a quote from a Motley Fool analyst? Email [email protected] Christopher J. Abate, chief executive officer; Dashiell I. Robinson, president; and Brooke E. Carillo, chief financial officer. Before we begin today, I want to remind you that certain statements made during management's presentation today with respect to future financial and business performance may constitute forward-looking statements. Forward-looking statements are based on current expectations, forecasts, and assumptions, which include risks and uncertainties that could cause actual results to differ materially. We encourage you to read the company's Annual Report on Form 10-K, which provides a description of some of the factors that could have a material impact on the company's performance and cause actual results to differ from those that may be expressed in forward-looking statements. On this call, we may also refer to both GAAP and non-GAAP financial measures. The non-GAAP financial measures provided should not be utilized in isolation or considered as a substitute for measures of financial performance prepared in accordance with GAAP. Reconciliations between GAAP and non-GAAP financial measures are provided in our first quarter Redwood Review, which is available on our website redwoodtrust.com. Also note that the contents of today's conference call contain time-sensitive information that are accurate only as of today. We do not intend and undertake no obligation to update this information to reflect subsequent events or circumstances. Finally, today's call is being recorded. It will be available on our website later today. And with that, I will turn the call over to Chris for opening remarks. Christopher J. Abate: Thank you, and good afternoon, everyone. Before I turn the call over to Dash and Brooke, I want to share a few thoughts on our first quarter performance and what it says about Redwood Trust, Inc.'s position as we move forward in 2026. As you all saw, Redwood Trust, Inc. generated a third consecutive record operating quarter with mortgage banking volume surpassing $8.5 billion for the first time and earnings available for distribution coming in a bit above last quarter at $0.21 per share, on...

This article first appeared on GuruFocus. Mortgage Banking Volume: Surpassed $8.5 billion for the first time. Earnings Available for Distribution (EAD): $0.21 per share, up from $0.20 per share in the previous quarter. GAAP Net Loss: $7 million or $0.07 per share. Book Value Per Share: $7.12, a 3% decline from the previous quarter. Sequoia Volume: $6.5 billion of locks, up 22% from the fourth quarter. Cost Per Loan: Improved 30% from the fourth quarter to below 20 basis points. Gain on Sale Margins: 96 basis points. Aspire Lock Volume: Increased to $1.6 billion. CoreVest Volume: $432 million, down modestly from the fourth quarter. Capital Efficiency: Capital required per dollar of volume declined by approximately 10% quarter over quarter to 1.1%. Total G&A Expenses: $49 million, up from $41 million in the previous quarter. Liquidity: $202 million of unrestricted cash and approximately $3.9 billion of excess warehouse capacity as of March 31. Recourse Debt: Increased modestly to $4.7 billion at quarter end. Warning! GuruFocus has detected 5 Warning Signs with RWT. Is RWT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Redwood Trust Inc (NYSE:RWT) achieved a third consecutive record operating quarter with mortgage banking volume surpassing $8.5 billion. The company completed 11 securitizations in the first quarter, setting an in-house record. Redwood Trust Inc (NYSE:RWT) has implemented significant operational efficiencies, partly due to strong adoption of AI across the enterprise. The company announced a major partnership with Castle Lake, bringing approximately $8 billion of incremental purchasing power to Sequoia. Aspire's lock volume increased to $1.6 billion, with April lock volume ahead of that pace, indicating strong growth potential. Redwood Trust Inc (NYSE:RWT) reported a GAAP net loss of $7 million or $0.07 per share for the first quarter. Book value per share declined by 3% from Q4, driven by non-cash market-related valuation changes and certain non-recurring expense items. CoreVest's first-quarter volume totaled $432 million, down modestly from the fourth quarter. Legacy investments recorded a GAAP net loss of $13 million, although this was an improvement from the previous quarter. The company faced volatil...

Achieved record mortgage banking volume of $8.5 billion, surpassing residential production at three major money center banks despite a broader market decline of 40% below pre-pandemic levels. Implemented over 2,500 AI-driven agentic workflows to automate quality control and eliminate third-party vendor costs, contributing to a 30% improvement in Sequoia's cost per loan. Maintained high capital turnover with 11 securitizations in the quarter, reflecting a strategy to move loans quickly through short-term warehouse facilities rather than holding long-term interest rate risk. Positioned the franchise as a risk-management partner for banks, offering liquidity solutions that help institutions manage interest rate and asset-liability risks without losing customer relationships. Transitioned toward a capital-light model by pairing internal origination capabilities with third-party institutional capital to scale without requiring additional common equity. Attributed margin resilience to strong execution in the securitization market, with gain-on-sale margins at 96 basis points despite late-quarter volatility in the TBA basis. Anticipates the new Sequoia joint venture with Castlelake will contribute $0.12 to $0.15 of incremental annual EPS as it scales over the next four quarters. Expects the 'Basel III Endgame' regulatory proposal to serve as a tailwind by easing capital charges for banks to hold high-quality mortgages, potentially increasing two-way flow of bulk pools. Targets doubling Aspire's market share to approximately 8% by the second half of 2026, reaching a run rate of nearly $1 billion in monthly locks. Aims to reduce legacy investment capital allocation to below 10% in the second or third quarter, with a goal of reaching below 5% by the end of the year to eliminate earnings drag. Projects CoreVest to return to profitability in 2026 following organizational streamlining and a shift toward smaller balance RTL and DSCR products. Recorded $5 million in one-time restructuring charges at CoreVest related to organizational changes aimed at improving long-term operating efficiency. Identified geopolitical conflict in the Middle East as a primary driver of recent interest rate volatility and spread widening at the end of the first quarter. Noted that while 90-day plus delinquencies remained flat, the legacy bridge portfolio continues to be a drag on consolidated E...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Redwood Trust (RWT). This company, which is in the Zacks REIT and Equity Trust industry, shows potential for another earnings beat. When looking at the last two reports, this specialty finance company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 34.24%, on average, in the last two quarters. For the last reported quarter, Redwood Trust came out with earnings of $0.33 per share versus the Zacks Consensus Estimate of $0.23 per share, representing a surprise of 43.48%. For the previous quarter, the company was expected to post earnings of $0.16 per share and it actually produced earnings of $0.2 per share, delivering a surprise of 25.00%. Thanks in part to this history, there has been a favorable change in earnings estimates for Redwood Trust lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Redwood Trust currently has an Earnings ESP of +20.00%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on April 29, 2026. When the Earnings ESP comes up negative, investors should note that this will reduce th...