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Companies / Real Estate / REDWOOD TRUST INC
RWT

REDWOOD TRUST INC

Real EstateREITs
Ticker RWTMILL VALLEY, CAFiscal year ends DecemberBook value per share $7.47Diluted shares 125.1M

Redwood Trust, Inc. (NYSE: RWT) operates as a specialty finance company focused on housing credit, with a mission to make quality housing accessible to all American households. The company occupies a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$177.37M
−31.0% year over year
0.00%
$-70.03M
−229.7% year over year
Last 12 mo $5.72M
-7.13%
−11.7 percentage points
Last 12 mo 0.61%
Cash & financing
$-10.09B
−72.2% year over year
Last 12 mo $-14.28B
$-10.09B
−72.2% year over year
Last 12 mo $-14.28B
22.69
Was 14.09× a year earlier
Last 12 mo 29.42
130.3M
−1.4% year over year
Last 12 mo 125.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What REDWOOD TRUST INC does

In the company’s own words

Redwood Trust, Inc. (NYSE: RWT) operates as a specialty finance company focused on housing credit, with a mission to make quality housing accessible to all American households. The company occupies a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. Redwood delivers customized housing credit investments to a diverse mix of investors through best-in-class securitization platforms, whole-loan distribution activities, and publicly-traded securities. The company website is www.redwoodtrust.com.

Redwood operates across four reportable segments. The Sequoia Mortgage Banking segment consists of a mortgage loan conduit that acquires residential consumer loans from third-party originators for subsequent sale, securitization through the SEMT® (Sequoia) private-label securitization program, or transfer into the investment portfolio. In 2025, the company launched an additional conduit under the Aspire brand for expanded underwriting criteria loans. The CoreVest Mortgage Banking segment originates residential investor loans for securitization, sale, or transfer, including term loans and bridge loans secured by single-family rental and multifamily properties. The Redwood Investments segment consists of retained operating investments sourced through Sequoia and CoreVest securitizations and other third-party securities. The Legacy Investments segment, established in 2025, holds assets no longer aligned with core strategic objectives, including legacy unsecuritized loans and other non-core assets in active disposition.

As of December 31, 2025, Redwood employed 351 full-time employees, with 245 (70 percent) directly engaged in the Mortgage Banking platforms. Approximately 162 employees at CoreVest directly engage in loan origination. Employees are dispersed across offices in California, Colorado, New York, North Carolina, and Oregon, with certain employees working remotely. The company has elected to be taxed as a real estate investment trust (REIT) since 1994, with mortgage banking activities and mortgage servicing rights investments generally carried out through taxable REIT subsidiaries, while the portfolio of mortgage and real estate-related investments is primarily held at the REIT level.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
MILL VALLEY, CA
Fiscal year end
December
CIK
930236
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-694.23M$-357.08M$-19.93M$317.22M$654.36M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns REDWOOD TRUST INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

163
funds hold it
0 of 35
superinvestors hold it
$209.74M
held by funds, at market
33.4%
of shares held by funds
4
bond issues held by funds

Largest fund holders · REDWOOD TRUST INC’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.03%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Invesco KBW High Dividend Yield Financial ETF
KBWD · Invesco Exchange-Traded Fund Trust II
2.47%of fund net assets
Global X SuperDividend ETF
SDIV · GLOBAL X FUNDS
0.81%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

REDWOOD TRUST INC’s bonds, as funds hold them

Funds report holding 4 issues of REDWOOD TRUST INC’s debt, $42.04M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.84%, maturing 2027 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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