$RWTP

Redwood Trust (RWT) shares fell about 5% to around $4.68 after Q2 results. The company reported earnings available for distribution of $20 million, or $0.15 per share, while GAAP net income remained a loss. Revenue was $56.1 million, and the net loss narrowed to $2.9 million. Investors focused on the gap between cash earnings and GAAP losses.

Redwood Trust reported a Q2 loss of $2.9 million to common stockholders ($1.1 million after preferred payouts), missing S&P Capital IQ’s $16.59 million profit consensus. Originations were over $8 billion. CEO Christopher Abate said Redwood is reinvesting in non-QM loans, third-party originations, and AI, with Sequoia new products over 30% of lock volume. Redwood shares fell 8.5% to $4.52.

REDWOOD TRUST INC (RWT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2earningsrelease.htm EX-99.1 Document Exhibit 99.1 REDWOOD TRUST REPORTS SECOND QUARTER FINANCIAL RESULTS; MORTGAGE BANKING PRODUCTION EXCEEDS $8 BILLION FOR SECOND CONSECUTIVE QUARTER MILL VALLEY, CA – Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a l

Redwood Trust reported 2Q non-QM lock volume of $2.1B for Aspire (+32% vs 1Q) and aggregate mortgage banking volume above $8B, down from $8.5B in 1Q. BTIG estimated $8.8B total; Aspire beat. Abate announced an Aspire JV with an unnamed partner and expects loan contributions in 3Q. Shares fell after S&P SmallCap 600 removal.

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Redwood Trust (RWT) announced a new offering of $125 million in 9.75% senior notes due 2031, with an over-allotment option for underwriters. The offering, registered with the SEC, was expected to close on May 27, 2026. Spark, TipRanks’ AI Analyst, rated RWT as "Neutral" due to weak financial performance, despite a high dividend yield and improved mortgage banking outlook.

Wall Street Zen has upgraded Redwood Trust (NYSE:RWT) from a "sell" to a "hold" rating, contributing to a mixed outlook for the stock among analysts. While RWT missed Q4 EPS estimates, its revenue significantly surpassed expectations. The company currently has an average "Hold" rating and a consensus price target of $6.89, with several institutions recently adjusting their stakes in the real estate investment trust.

Redwood Trust (NYSE:RWT) reported Q1 earnings with an EPS of $0.21, missing consensus estimates by $0.01, and revenue of $63.9 million, below the $89.5 million forecast. Despite the miss and a GAAP net loss of $7 million, the company achieved a third consecutive record operating quarter in mortgage banking volume and announced a significant partnership with Castlelake, providing $8 billion in incremental purchasing power. Redwood Trust also declared a quarterly dividend of $0.18, representing an annualized yield of 12.9%.

Redwood Trust (NYSE: RWT) reported mixed financial results for Q1 2026, achieving a record $8.5 billion in mortgage banking volume and launching a strategic joint venture with Castlelake despite broader market headwinds. While GAAP results showed a net loss and a decline in book value due to investment fair value changes, the company emphasized its strong non-GAAP earnings (EAD) per share and improved capital efficiency through strategic initiatives like its SPIRE securitization shelf and advanced AI integration. Redwood continues to strategically reposition its capital towards core mortgage banking and away from legacy holdings, underlining its competitive strength in the non-agency mortgage market.

Redwood Trust (RWT) reported Q1 2026 revenue of $34.7 million, a 24.4% year-over-year increase, and an EPS of $0.28, exceeding analyst estimates. The company surpassed the Zacks Consensus Estimate for revenue by 9.9% and provided an EPS surprise of 1.82%. Key metrics like net interest income also topped expectations, although total non-interest income from mortgage banking was below estimates.