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Redwood Trust reports Q2 EAD 18c, consensus 19c

Reports Q2 book value per share $7.49. “This quarter marks a pivotal moment for Redwood as we further evolve toward a more scalable business underpinned by growing and durable fee streams,” said Christopher Abate, CEO of Redwood. “By proactively reallocating capital from legacy investments into our high-performing platforms, we’re enhancing our capacity to capitalize on growth opportunities in an evolving market landscape-unlocking greater long-term earnings potential while eliminating legacy overhangs that have impacted our current performance. Our strategic transition to a larger and simplified operating model includes an ongoing focus on partnerships with strategic capital providers-those looking both to acquire the assets our platforms originate and to invest directly in the expansion of our businesses.”

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