Redwood Trust Reports Second Quarter 2020 Financial Results
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Redwood Trust (RWT) Tops Q2 EPS by 77c
July 30, 2020 5:11 PM EDTRedwood Trust (NYSE: RWT) reported Q2 EPS of $1.00, $0.77 better than the analyst estimate of $0.23.
Q2'20 Key Financial Results and Metrics
GAAP net income was $165 million, or $1.00 per diluted common shareGAAP book value per common share was $8.15 at June 30, 2020Economic return on book value(1) of 31%Unrestricted cash balance of $529 million at June 30, 2020Total recourse leverage ratio(2) of 2.1x at June 30, 2020Declared and paid a regular quarterly cash... More