Redwood Trust (RWT) Tops Q4 EPS by 2c
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Redwood Trust Reports Fourth Quarter 2018 Financial Results
February 14, 2019 4:15 PM ESTMILL VALLEY, Calif., Feb. 14, 2019 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT), a leading innovator in housing credit investing, today reported its financial results for the quarter ended December 31, 2018.
Financial Highlights
GAAP net loss was $(1) million, or $(0.02) per diluted common share Non-GAAP core earnings(1) were $38 million, or $0.39 per diluted common share Book value per common share was $15.89 at December 31, 2018 Economic return on book value(2) of (1.4)% for the fourth quarter and 7.8% for the year ended December 31, 2018 Recourse debt-to-equity leverage ratio(3) of 3.5x at December 31,... More