Redwood Trust, Inc. 9.125% Seni
RWTN
New York Stock Exchange24.79
USD
-0.01
- -
CIK
0000930236
ISIN
US7580758818
CUSIP
758075881
Return %
Stock
S&P500
1Y
-1.04
15.98
3Y
-0.92
62.25
5Y
-0.92
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christopher J. Abate CPA
- Full Time Employees
- 351
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- One Belvedere Place Mill Valley CA United States of America 94941
- IPO Date
- Feb 2, 2024
- CIK
- 0000930236
- Website
- redwoodtrust.com
- Similar Companies
- Business
- Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit, operating primarily in the United States. Founded in 1994 and headquartered in Mill Valley, California, the company functions as a real estate investment trust (REIT) and is internally managed. Its core business consists of three primary operating platforms: Sequoia Mortgage Banking, which acquires residential consumer loans from third-party originators for sale, securitization, or transfer to its portfolio; CoreVest Mortgage Banking, which originates business-purpose loans for securitization, sale, or portfolio investment; and Redwood Investments, which includes organic investments sourced through mortgage banking activities. Additionally, Redwood Trust operates RWT Horizons, a venture investing initiative targeting early-stage companies related to its core platforms. The company provides several comprehensive products and services including customized housing credit investments, mortgage loan conduits, whole loan sales, securitization through private-label programs, residential investor loans, and business purpose loans. Its offerings cover various segments such as Non-Qualified Mortgage (Non-QM) loans, Debt-Service Coverage Ratio (DSCR) loans, and Home Equity Investment (HEI) programs designed to serve borrower segments often underserved by government programs, emphasizing accessibility to quality housing for both renters and homeowners. In recent developments in 2024 and 2025, Redwood Trust accelerated its strategic transition toward a more scalable and simplified operating model, achieving record production volumes with cumulative loan production across platforms reaching $6.8 billion. The company reallocated capital by transferring approximately $1 billion of legacy investment holdings, unlocking $150 million for redeployment into mortgage banking platform growth. It also repurchased five million shares totaling approximately $29 million and expanded its strategic partnership with CPP Investments, extending financing facilities and joint venture commitments through September 2028 while upsizing secured financing to $400 million. These actions underscore Redwood Trust's focus on increasing scale and profitability within its mortgage banking platforms, including achieving its highest on-the-run jumbo production since 2021. Redwood Trust serves a diverse mix of investors by providing liquidity to segments of the U.S. housing market not well supported by government programs and targets residential, business purpose, and multifamily investments. The company's strategic initiatives and product diversification enable it to maintain a risk-minded approach to credit investing while emphasizing technology-driven innovation and shareholder value enhancement through earnings stability, dividend growth, and capital appreciation. Overall, Redwood Trust, Inc. stands as a leading specialty finance REIT focused on expanding access to housing finance through its multifaceted mortgage banking platforms and investment activities, operating principally across the U.S. housing market with established strategic relationships and a seasoned management team.