Redwood Trust, Inc. | REIT Profile

Symbol: RWT
CIK: 930236
Exchange: NYSE
Founded: 1994 (28 years)
HQ: Mill Valley, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage

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See RWT on SEC.gov

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Overall Score: 4.1

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 18, 2022


Open Price: $12.64
Closing Price: $12.39
Price Change: -0.36 (-2.824%)
Lowest Price: $12.38
Highest Price: $12.72

52-Week Low: $7.96
52-Week High: $13.93
52-Week Change: 57.12%

5 Day Price Change: -1.77%
1 Month Price Change: -0.62%
3 Month Price Change: -5.11%
6 Month Price Change: 13.34%
YTD Price Change: -3.34%
1 Year Price Change: 57.12%
2 Year Price Change: -14.81%
5 Year Price Change: 17.34%

Dividend of Trading Day January 18, 2022


Dividend Yield: 7.425%*
Annualized Dividend: $0.92*
Dividend Yield (TTM): 5.982%
Annualized Dividend (TTM): $0.7628
Ex-Dividend Date: 2021-12-16
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day January 18, 2022


Total Cash: N/A
Current Debt: $11,673,218,000
Revenue: $534,629,000
Gross Profit: $534,629,000
Total Revenue: $534,629,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $254,938,000
Revenue Per Share: $5
Revenue Per Employee: N/A
Employee: 247
Debt to Equity Ratio (D/E): 9.50
Profit Margin: 0.61%
Enterprise Value (EV): $1,458,414,944
Enterprise Value to Revenue (EV/R): 2.73
Price to Sales (P/S): 2.73
Price to Book (P/B): 1.06
Price/Earnings-to-Growth (PEG) Ratio: 0.03
P/E Ratio: 4.51
P/E High: 9.61
P/E Low: 7.88
Forward P/E Ratio: 8.35
Market Capitalization: $1,400,756,679
Beta: 1.06
Latest Volume: 1,093,267
Avg. Total Volume: 992,646
Avg. 10-Day Volume: 1,152,326
Avg. 30-Day Volume: 992,646
TTM EPS: 2.75
Shares Outstanding: 113,055,422
Float: N/A
50-Day Moving Avg.: $13.07
200-Day Moving Avg.: $12.64

Latest REIT Community Comments on #RWT


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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $16.09 per share you would have been able to buy 62 shares of RWT on 2021-01-19 costing $997.58 @ $16.09 per share you would have been able to buy 31 shares of RWT on 2021-01-19 costing $498.79 @ $16.09 per share you would have been able to buy 15 shares of RWT on 2021-01-19 costing $241.35 @ $16.09 per share you would have been able to buy 6 shares of RWT on 2021-01-19 costing $96.54 @ $16.09 per share you would have been able to buy 3 shares of RWT on 2021-01-19 costing $48.27
Current worth On 2022-01-18 these 62 shares would be worth $768.18 @ $12.39 On 2022-01-18 these 31 shares would be worth $384.09 @ $12.39 On 2022-01-18 these 15 shares would be worth $185.85 @ $12.39 On 2022-01-18 these 6 shares would be worth $74.34 @ $12.39 On 2022-01-18 these 3 shares would be worth $37.17 @ $12.39
Dividends earned $48.36 in dividends would have been earned since 2021-01-19 with 62 shares. $24 in dividends would have been earned since 2021-01-19 with 31 shares. $11.70 in dividends would have been earned since 2021-01-19 with 15 shares. $4.68 in dividends would have been earned since 2021-01-19 with 6 shares. $2.34 in dividends would have been earned since 2021-01-19 with 31 shares.
Net (gain / loss)* -181.04 USD -90.52 USD -43.80 USD -17.52 USD -8.76 USD
ROI** -18.15% -18.15% -18.15% -18.15% -18.15%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by RWT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
RWT 2021-12-16 0.230 9.52% 2021-12-07 2021-12-17 2021-12-28
RWT 2021-09-22 0.210 16.67% 2021-09-13 2021-09-23 2021-09-30
RWT 2021-06-22 0.180 12.50% 2021-06-10 2021-06-23 2021-06-30
RWT 2021-03-23 0.160 14.29% 2021-03-10 2021-03-24 2021-03-31
RWT 2020-12-16 0.140 --- 2020-12-07 2020-12-17 2020-12-29
RWT 2020-09-21 0.140 12.00% 2020-09-11 2020-09-22 2020-09-29
RWT 2020-06-19 0.125 -60.94% 2020-06-11 2020-06-22 2020-06-29
RWT 2020-03-13 0.320 6.67% 2020-02-27 2020-03-16 2020-05-08
RWT 2019-12-13 0.300 --- 2019-11-07 2019-12-16 2019-12-30
RWT 2019-09-13 0.300 --- 2019-08-07 2019-09-16 2019-09-30
RWT 2019-06-13 0.300 --- 2019-05-16 2019-06-14 2019-06-28
RWT 2019-03-14 0.300 --- 2019-02-27 2019-03-15 2019-03-29
RWT 2018-12-13 0.300 --- 2018-11-07 2018-12-14 2018-12-28
RWT 2018-09-13 0.300 --- 2018-08-07 2018-09-14 2018-09-28
RWT 2018-06-14 0.300 7.14% 2018-05-22 2018-06-15 2018-06-29
RWT 2018-03-14 0.280 --- 2018-02-22 2018-03-15 2018-03-29
RWT 2017-12-14 0.280 --- 2017-11-06 2017-12-15 2017-12-28
RWT 2017-09-14 0.280 --- 2017-08-03 2017-09-15 2017-09-29
RWT 2017-06-14 0.280 --- 2017-05-18 2017-06-16 2017-06-30
RWT 2017-03-14 0.280 --- 2017-02-23 2017-03-16 2017-03-31

Financial Statements Overview


The next Earnings Report for RWT is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 90,920,000 89,916,000 93,482,000 87,379,000
Inventory 0 0 0 0
Current Assets 12,867,478,000 11,845,708,000 10,699,825,000 10,119,741,000
Current Assets (Other) 63,492,000 43,026,000 137,869,000 1,177,000
Short Term Investments 6,549,043,000 5,848,918,000 5,652,345,000 5,006,471,000
Long-term Investments 205,236,000 150,683,000 197,023,000 235,325,000
Property, Plant & Equipment Net 9,344,000 7,202,000 5,153,000 4,203,000
Goodwill 0 0 0 0
Intangible Assets 45,246,000 49,119,000 52,992,000 56,865,000
Other Assets 9,254,000 9,455,000 13,047,000 67,642,000
Net Tangible Assets 1,330,577,000 1,246,023,000 1,162,583,000 1,054,034,000
Total Assets 13,072,714,000 11,996,391,000 10,896,848,000 10,355,066,000
Accounts Payable 0 0 15,712,000 6,455,000
Liabilities (Other) 7,902,000 8,446,000 9,238,000 15,198,000
Current Liabilities (Other) 8,422,700,000 7,707,499,000 6,948,294,000 7,257,733,000
Total Current Liabilities 11,673,218,000 10,676,806,000 9,656,150,000 9,212,282,000
Current Long-term Debt 3,250,518,000 2,969,307,000 2,692,144,000 1,948,094,000
Long-term Debt 0 0 0 0
Total Liabilities 11,696,891,000 10,701,249,000 9,681,273,000 9,244,167,000
Minority Interest 0 0 0 0
Common Stock 112,995,847 112,921,070 112,276,842 113,879,461
Retained Earnings -939,519,000 -1,003,141,000 -1,072,190,000 -1,150,875,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,375,823,000 1,295,142,000 1,215,575,000 1,110,899,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 145,722,000 138,695,000 128,305,000 121,907,000
Cost of Revenue 0 0 0 0
Gross Profit 145,722,000 138,695,000 128,305,000 121,907,000
Research and Development 0 0 0 0
Selling General and Admin 47,692,000 40,594,000 43,551,000 24,814,000
Operating Expense 160,090,000 156,392,000 153,758,000 60,402,000
Operating Income -14,368,000 -17,697,000 -25,453,000 61,505,000
Income Expense Net (Other) 98,331,000 114,409,000 134,253,000 -87,860,000
EBIT 83,963,000 96,712,000 108,800,000 -26,355,000
Interest Income 0 0 0 0
Pretax Income 83,963,000 96,712,000 108,800,000 62,766,000
Income Tax -4,323,000 6,687,000 11,543,000 8,471,000
Minority Interest 0 0 0 0
Net Income 85,302,000 86,876,000 93,963,000 62,109,000
Net Income Basic 85,302,000 86,876,000 93,963,000 62,109,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 85,302,000 86,876,000 93,963,000 62,109,000
Depreciation 4,269,000 4,233,000 4,172,000 17,365,000
Changes in Receivables 90,920,000 89,916,000 93,482,000 87,379,000
Changes in Inventories 0 0 0 0
Cash Change 556,989,000 421,223,000 426,019,000 461,260,000
Cash Flow -1,128,176,000 -1,685,931,000 -966,164,000 -329,535,000
Capital Expenditures 0 0 0 0
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 293,169,000 487,232,000 582,612,000 555,869,000
Dividends Paid 0 0 0 0
Net Borrowings -8,969,051,000 -8,365,262,000 -7,488,180,000 -7,623,008,000
Cash Flow Financing 1,004,442,000 1,153,176,000 360,896,000 -206,162,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Redwood Trust, Inc.


Redwood Trust, Inc., together with its subsidiaries, is a financial institution that seeks to invest in real estate related assets that have the potential to provide attractive cash flows over a long period of time and support our goal of distributing attractive levels of dividends to our stockholders. The company primarily invest in residential mortgage loans and in securities collateralized by real estate loans (which are securities issued in securitization transactions and which are also referred to as mortgage-backed securities).

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
4.1 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-19 - v2.9