Redwood Trust (RWT) Tops Q3 EPS by 28c

Redwood Trust (NYSE: RWT) reported Q3 EPS of $0.65, $0.28 better than the analyst estimate of $0.37.

• GAAP net income was $88 million, or $0.65 per diluted common share
• GAAP book value per common share was $12.00 at September 30, 2021, up 4.7% from June 30, 2021
• Economic return on book value(1) of 6.5% for the third quarter and 26.6% year-to-date for 2021
• Recourse leverage ratio(2) of 2.2x at September 30, 2021
• Declared and paid a regular quarterly dividend of $0.21 per common share for the third quarter

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

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