Redwood Trust (RWT) Tops Q1 EPS by 41c

Redwood Trust (NYSE: RWT) reported Q1 EPS of $0.72, $0.41 better than the analyst estimate of $0.31.

• GAAP net income was $97 million, or $0.72 per diluted common share
• GAAP book value per common share was $10.76 at March 31, 2021
• Economic return on book value(1) of 10%
• Recourse leverage ratio(2) of 1.9x at March 31, 2021
• Declared and paid a regular quarterly dividend of $0.16 per common share for the first quarter

For earnings history and earnings-related data on Redwood Trust (RWT) click here.

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