RWT · Redwood Trust Inc
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Redwood reported a Q2 GAAP net loss of $3M ($0.03/share) and a 3% sequential decline in book value to $6.90, while core mortgage banking generated $34M of EAD at an 18.5% annualized ROE; Aspire posted record $2.1B lock volume (+32% QoQ) and the company continued executing its legacy investment wind-down, with allocation falling to 12% of capital and pro forma below 10%.
- + Aspire executed definitive documentation for a dedicated joint venture with Cray Hill Capital Management, with potential $8B loan purchasing power, providing recurring fee revenue and added performance fees. new
- + Aspire securitized population delinquencies remained under 10 bps at June 30, indicating strong credit performance. new
- + CoreVest completed its first term loan securitization since 2023, a $268M transaction priced accretively to loan sale economics and placed with close to two dozen investors. new
- + Operating platforms delivered a 33% annualized return on average capital and improved capital efficiency, with average capital required per dollar of production falling to ~2.6% in 1H 2026 from ~3% a year ago. new
- − Redwood reported a Q2 GAAP net loss of $3M ($0.03/share) and book value per share declined 3% sequentially to $6.90, driven by legacy portfolio mark-to-market changes, carry costs, and the $0.18 dividend. new
- − Sequoia GAAP net income declined to $32M from $38M in Q1 as purchase commitments fell 9%, reflecting cautious posture amid rate volatility and heightened bank competition.
- − CoreVest funded $410M of loans in Q2, down ~5% sequentially, as higher rates and legislative uncertainty weighed on portions of the pipeline.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RWT
this stock
Redwood Trust Inc
|
$494.91M | -28.8% | — | — | 5.1% |
|
NLY
Annaly Capital Management Inc
|
$15.87B | -5.9% | — | 5.7 | 2.7% |
|
AGNC
AGNC Investment Corp.
|
$11.85B | -7.9% | — | 5.7 | 8.9% |
|
STWD
Starwood Property Trust, Inc.
|
$5.53B | -17.0% | -5.3% | — | 4.9% |
|
RITM
Rithm Capital Corp.
|
$5.22B | -14.2% | -6.7% | 15.6 | 5.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RWT | +11.0% | -17.1% | -25.5% | -14.7% | -28.8% |
| SPY | -0.3% | -0.1% | +20.1% | -0.7% | +11.7% |
| vs SPY | +11.3% | -16.9% | -45.6% | -14.0% | -40.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.