Redwood Trust (RWT) Misses Q2 EPS
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Redwood Trust Reports Second Quarter 2022 Financial Results
July 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 June 30, 2022.
Key Financial Results and Metrics
GAAP book value per common share was $10.78 at June 30, 2022, approximately a 10% decrease from $12.01 per share at March 31, 2022 GAAP net loss of $(0.85) per diluted common share, of which $(0.74) per share was attributable to net fair value changes on long-term investments, substantially all of which were unrealized Economic return on book value of... More