Redwood Trust (RWT) Misses Q3 EPS by 6c
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Redwood Trust Reports Third Quarter 2023 Financial Results
October 30, 2023 4:15 PM EDTMILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023.
Key Q3 2023 Financial Results and Metrics
GAAP book value per common share was $8.77 at September 30, 2023, a 5.3% decrease from $9.26 per share at June 30, 2023 Economic return on book value of (3.6)%(1) GAAP net loss related to common stockholders of $(33) million or $(0.29) per diluted common share Non-GAAP Earnings Available for Distribution ("EAD") of $11... More