Redwood Trust Inc (N:RWT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 300, ONE BELVEDERE PLACE MILL VALLEY CA 94941 |
| Tel: | N/A |
| Website: | https://www.redwoodtrust.com |
| IR: | See website |
| Key People | ||
| Dashiell I. Robinson President, Director | Christopher J. Abate Chief Executive Officer, Director | Brooke E. Carillo Chief Financial Officer |
| Sasha G. Macomber Chief Human Resource Officer | Andrew P. Stone Executive Vice President, Chief Legal Officer, Secretary | Fred J. Matera Chief Investment Officer |
| Business Overview |
| Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies. |
| Financial Overview |
| For the three months ended 31 March 2024, Redwood Trust Inc revenues increased 20% to $214M. Net income applicable to common stockholders increased from $1.8M to $30M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Investment fair value changes, net decrease from $127K (expense) to $22M (income), Other income increase of 10% to $5M (income). |
| Employees: | 289 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $14,146M as of Mar 31, 2024 |
| Annual revenue (TTM): | $795.06M as of Mar 31, 2024 |
| EBITDA (TTM): | $67.50M as of Mar 31, 2024 |
| Net annual income (TTM): | $15.25M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $13,311M as of Mar 31, 2024 |
| Shares outstanding: | 131,871,000 as of Mar 31, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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