Redwood TrustNYSE: RWT

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $85,000,000 aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $12,750,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on June 18, 2024, subje.

Redwood Trust, Inc. (NYSE:RWT) Q1 2024 Earnings Conference Call on April 30, 2024 at 5:00 PM ET. Participants include Kaitlyn Mauritz, Chris Abate, Dash Robinson, and Brooke Carillo. Conference call attendees include analysts from JPMorgan, KBW, UBS, Piper Sandler, Wells Fargo, Raymond James, BTIG, Citizens JMP, and Jefferies. The call is being recorded.

Although the financial results of Redwood Trust (RWT) for the quarter ending in March 2024 provide an overview of its performance, it may be beneficial to analyze how certain key metrics measure up against Wall Street expectations and previous year's figures.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a key player in increasing housing accessibility for homebuyers and renters, will announce its first quarter 2024 results on April 30, 2024 after market close. Following this, Redwood's senior management team will host a conference call at 2:00 pm Pacific Time / 5:00 pm Eastern Time to discuss the financial results. Webcast details for the conference call will be provided.

Redwood Trust is offering an 11.2% dividend yield to its common shareholders, which is not currently supported by available earnings. The mREIT's book value has decreased by 28% in the past 3 years. The preferred shares are providing a double-digit yield on cost and are trading slightly below their liquidation value.

Redwood Trust specializes in mortgages and has faced challenges due to rising interest rates, causing a decrease in net interest income. The company has taken on risk and grown its balance sheet by investing in residential loans and utilizing asset-backed securities.

Redwood Trust, Inc. (RWT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Redwood Trust (RWT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Redwood Trust (RWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.