Redwood Trust Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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redwoodtrust.com/corporateprofile
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Source: Yahoo! Finance
access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2024. Key Q1 2024 Financial Results and Metrics GAAP book value per common share was $8.78 at March 31, 2024, a 1.6% increase from $8.64 per share at December 31, 2023 Quarterly economic return on book value was 3.5% GAAP net income available to common stockholders of $29 million or $0.21 per diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $11 million or $0.08 per basic common share Recourse leverage ratio of 1.9x at March 31, 2024, compared to 2.2x at December 31, 2023 Declared and paid a regular quarterly dividend of $0.16 per common share Operational Business Highlights Residential Consumer Mortgage Banking Locked $1.8 billion of jumbo loans, up 53% from $1.2 billion in the fourth quarter of 2023 Q1'24 flow lock volume was up 31% relative to Q4'23 Q1'24 total independent mortgage banker ("IMB") lock volume and Q1'24
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News
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- Redwood Trust, Inc. (NYSE: RWT) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $6.50 price target on the stock.MarketBeat
- Redwood Trust (RWT) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
RWT
Earnings
- 4/30/24 - Miss
RWT
Sec Filings
- 5/8/24 - Form 10-Q
- 5/3/24 - Form 4
- 4/30/24 - Form 8-K
- RWT's page on the SEC website