Quarterly ResultMay 7, 2026, 04:40 PM

Redwood Trust Reports Q1 Net Loss of $5.5M; EPS $(0.07)

AI Summary

Redwood Trust reported a net loss of $5.5 million, or $(0.07) per common share, for the first quarter of 2026, a significant decrease from net income of $16.1 million, or $0.10 per share, in the prior year period. While net interest income increased to $34.7 million, the company was impacted by negative investment fair value changes of $(23.2) million and higher general and administrative expenses. Redwood Trust also established Aspire Mortgage Banking as a new reportable segment, reflecting its expanded-credit residential mortgage platform.

Key Highlights

Q1 2026 Net Loss: $(5.5) million, down from $16.1 million net income in Q1 2025.
Q1 2026 Diluted EPS: $(0.07), compared to $0.10 in Q1 2025.
Q1 2026 Net Interest Income: $34.7 million, up from $27.9 million in Q1 2025.
Q1 2026 Investment fair value changes, net: $(23.2) million, compared to $(5.2) million in Q1 2025.
Q1 2026 General & administrative expenses: $(49.4) million, up from $(37.5) million in Q1 2025.
Aspire Mortgage Banking established as a new reportable segment in Q1 2026.
Common stock dividend declared: $0.18 per share for Q1 2026.
Total Assets increased to $26.8 billion at March 31, 2026, from $23.7 billion at Dec 31, 2025.

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RWT

Real Estate Investment Trusts

REDWOOD TRUST INC

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