Redwood Trust (RWT) Tops Q1 EPS by 9c
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Redwood Trust Reports First Quarter 2022 Financial Results
April 28, 2022 4:15 PM EDTMILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2022.
Key Financial Results and Metrics
GAAP net income was $31 million, or $0.24 per diluted common share, representing a 9% annualized return on equity GAAP book value per common share was $12.01 at March 31, 2022, a (0.4)% change from $12.06 per share at December 31, 2021 Economic return on book value(1) of 1.5% Recourse leverage ratio(2) of 2.1x at March 31,... More