Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 50

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 50
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481 13,301,634 Commitments and Contingencies (see Note 18)EquityPreferred stock, par value $0.01 per share, 2,990,000 shares authorized; 2,800,000 issued and outstanding66,948 66,948 Common stock, par value $0.01 per share, 392,010,000 shares authorized; 132,519,579 and 131,485,661 issued and outstanding1,325 1,315 Additional paid-in capital2,504,029 2,487,848 Accumulated other comprehensive loss(43,071)(57,957)Cumulative earnings1,191,401 1,144,412 Cumulative distributions to stockholders(2,532,769)(2,439,873)Total Equity1,187,863 1,202,693 Total Liabilities and Equity$18,258,344 $14,504,327 ——————

(1)Our consolidated balance sheets include assets of VIEs that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At December 31, 2024 and 2023, assets of consolidated VIEs totaled $14,654,942 and $10,988,885, respectively. At December 31, 2024 and 2023, liabilities of consolidated VIEs totaled $13,620,239 and $10,096,308, respectively. See Note 15 for further discussion.

The accompanying notes are an integral part of these consolidated financial statements.

F- 6

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

Years Ended December 31,(In Thousands, except Share Data)202420232022Interest IncomeResidential consumer loans$485,332 $253,911 $250,502 Residential investor loans351,881 382,316 362,481 Consolidated Agency multifamily loans18,239 18,645 18,938 Real estate securities49,694 21,550 37,708 Other interest income40,018 48,040 38,225 Total interest income945,164 724,462 707,854 Interest ExpenseAsset-backed securities issued(572,497)(371,761