Redwood Trust Reports Third Quarter 2019 Financial Results
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Redwood Trust (RWT) Misses Q3 EPS by 3c
October 30, 2019 5:15 PM EDTRedwood Trust (NYSE: RWT) reported Q3 EPS of $0.37, $0.03 worse than the analyst estimate of $0.40.
Key Financial Results
GAAP net income was $34 million, or $0.31 per diluted common shareNon-GAAP core earnings(1) were $43 million, or $0.37 per diluted common shareBook value per common share was $15.92 at September 30, 2019Economic return on book value(2) of 1.3% for the third quarter of 2019Recourse debt-to-equity leverage ratio(3) of 2.7x at September 30, 2019Paid a regular quarterly cash dividend of $0.30 per common shareBusiness Highlights
Closed three Sequoia securitizations totaling $1.1 billion,... More