Redwood Trust Reports First Quarter Financial Results; Mortgage Banking Production Reaches a Record $8.5 Billion
Redwood Trust reported a Q1 GAAP net loss of $0.07 per share, while Non-GAAP Earnings Available for Distribution increased to $0.21 per share, exceeding the company's dividend. Mortgage banking production reached a record $8.5 billion, marking the third consecutive quarterly record driven by volume growth in the Sequoia and Aspire platforms.
Key figures
- Ead per share
- 0.21
- Production volume
- $8.5 billion
- Dividend per share
- 0.18
- Book value per share
- 7.12
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