Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 61

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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Item 1. Financial Statements

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands, except Share Data)(Unaudited)June 30, 2025December 31, 2024ASSETS (1)Residential consumer loans$14,201,893 $11,077,823 Residential investor loans4,339,168 4,587,090 Consolidated Agency multifamily loans423,097 424,597 Home equity investments587,636 589,785 Real estate securities264,997 405,223 Servicing investments298,004 297,683 Strategic investments78,255 78,123 Derivative assets219,797 46,003 Cash and cash equivalents301,979 245,165 Restricted cash146,247 67,762 Goodwill23,373 23,373 Other assets448,574 415,717 Total Assets$21,333,020 $18,258,344 LIABILITIES AND EQUITY (1)LiabilitiesAsset-backed securities issued (includes $15,714,392 and $12,879,530 at fair value), net$15,985,206 $13,270,204 Debt obligations, net3,744,868 3,462,880 Derivative liabilities68,826 23,660 Accrued expenses and other liabilities480,657 313,737 Total liabilities20,279,557 17,070,481 Commitments and Contingencies (see Note 19)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; 131,679,516 and 132,519,579 issued and outstanding1,316 1,325 Additional paid-in capital2,502,151 2,504,029 Accumulated other comprehensive loss(39,057)(43,071)Cumulative earnings1,105,549 1,191,401 Cumulative distributions to stockholders(2,583,444)(2,532,769)Total Equity1,053,463 1,187,863 Total Liabilities and Equity$21,