Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 53

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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Item 1. Financial Statements

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands, except Share Data)(Unaudited)September 30, 2025December 31, 2024ASSETS (1)Residential consumer loans$16,783,281 $11,077,823 Residential investor loans3,857,597 4,587,090 Consolidated Agency multifamily loans— 424,597 Home equity investments326,223 589,785 Real estate securities418,918 405,223 Servicing investments282,256 297,683 Strategic investments82,493 78,123 Derivative assets97,948 46,003 Cash and cash equivalents226,321 245,165 Restricted cash103,868 67,762 Goodwill23,373 23,373 Other assets398,488 415,717 Total Assets$22,600,766 $18,258,344 LIABILITIES AND EQUITY (1)LiabilitiesAsset-backed securities issued (includes $16,610,081 and $12,879,530 at fair value), net$16,825,018 $13,270,204 Debt obligations, net4,356,661 3,462,880 Derivative liabilities57,047 23,660 Accrued expenses and other liabilities363,026 313,737 Total liabilities21,601,752 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; 126,752,703 and 132,519,579 issued and outstanding1,268 1,325 Additional paid-in capital2,478,142 2,504,029 Accumulated other comprehensive loss(35,699)(43,071)Cumulative earnings1,096,095 1,191,401 Cumulative distributions to stockholders(2,607,740)(2,532,769)Total Equity999,014 1,187,863 Total Liabilities and Equity$22,600,766