Redwood Trust

RWT

Market cap $711M

Redwood Trust Senior Notes are revisited after earlier volatility concerns and a prior downgrade to 'Hold.' RWT's Q3 2025 results show legacy assets still drag earnings, but normalization is underway as these assets wind down. RWT's recent $100M debt offering at 9.5% signals strong capital markets access and improved balance sheet flexibility, with no major maturities until 2027.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $100,000,000 aggregate principal amount of its 9.50% senior notes due 2030 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $15,000,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on November 19, 2025,.

Redwood Trust (RWT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Redwood Trust, Inc. ( RWT ) Q3 2025 Earnings Call October 29, 2025 5:00 PM EDT Company Participants Kaitlyn Mauritz - MD, Chief of Staff & Head of Investor Relations Christopher Abate - CEO & Director Dashiell Robinson - President & Director Brooke Carillo - Chief Financial Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Richard Shane - JPMorgan Chase & Co, Research Division Douglas Harter - UBS Investment Bank, Research Division Donald Fandetti - Wells Fargo Securities, LLC, Research Division Steven Delaney - Citizens JMP Securities, LLC, Research Division Eric Hagen - BTIG, LLC, Research Division Presentation Operator Good afternoon, and welcome to the Redwood Trust Third Quarter 2025 Financial Results Conference Call. Today's conference is being recorded.

The headline numbers for Redwood Trust (RWT) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Redwood Trust (RWT) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.18 per share a year ago.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2025. Mortgage Banking Platforms Continue to Profitably Scale Record $6.8 billion of cumulative loan production across operating platforms; capital allocated to mortgage banking up 84% since the second quarter 2024 Delivered highest mortgage banking revenues sin.

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2025 results on Wednesday, October 29, 2025 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its third quarter 2025 financial results that same afternoon at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Ti.

Wall Street left these 8.5% to 16.6% yields for dead. But their next dividend raises may show that these patients have a pulse—and send these prices higher before year-end.

Redwood Trust (RWT) stands out among mREITs by actively originating credit in underserved residential markets, offering both income and growth potential. RWT's diversified platforms—Sequoia, CoreVest, and Aspire—generate strong fee and interest income, supporting a high 12%+ dividend yield. Despite GAAP losses from fair-value swings, core operations cover the dividend, and RWT trades at a 24% discount to book value, offering upside.