Redwood Trust Inc
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
▼ -72.6% over 5Y.
today you would have $492.78▼ -50.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $5.53 | $6.53 | $7.41 | $6.76 | $13.19 | $8.78 | $16.54 | $15.07 | $14.82 | $15.21 | $13.20 | $19.70 | $19.37 | $16.89 | $10.18 | $14.93 | $14.46 |
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TRTXTPG RE Finance Trust, Inc. | $7.73 | 14.1x | 0.6x | 12.42% | 5.44% | $593.42M |
| INNSummit Hotel Properties, Inc. | $5.67 | — | 0.7x | 5.64% | -0.82% | $611.53M |
| FVRFrontView REIT, Inc. | $18.22 | 607.3x | 1.0x | 4.72% | 0.43% | $550.66M |
| GOODGladstone Commercial Corp |
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. It operates through four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The CoreVest Mortgage Banking segment operates a platform that originates residential investor loans for subsequent securitization, sale, or transfer into the Redwood Investments portfolio or into joint ventures. This segment also includes various derivative financial instruments that we utilize to manage certain risks associated with our inventory of loans held for sale. The Redwood Investments segment primarily targets investments with sensitivity to housing credit risk, sourced through our operating platforms where control the underwriting and collateral review. Going forward, the Redwood Investments portfolio will focus on retained interests from the company's own securitizations and other investment vehicles, rather than third-party securities, consistent with Redwood's strategic shift toward internally originated investments. The Legacy Investments segment consists of assets no longer aligned with our core strategic objectives, including legacy unsecuritized bridge and term loans, residential re-performing loan securities, and other non-core legacy assets that are in the active process of sale, runoff, or other disposition as part of the accelerated strategic repositioning of our business model. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.
Company description provided by Yahoo Finance.
| $14.91 |
| P/E | 11.2x | — | 20.4x | — | — | 5.6x | — | 11.3x | 11.2x | 9.3x | 9.9x | 11.2x | 17.1x | 10.0x | 10.6x | 32.8x | 11.0x | 26.3x | — |
| P/S | 5.9x | — | — | 5.9x | — | 2.9x | — | 6.1x | 6.8x | 4.9x | 5.4x | 5.4x | 8.5x | 5.6x | 6.8x | 9.0x | — | — | — |
| P/B | 1.0x | 0.7x | 0.7x | 0.8x | 0.7x | 1.1x | 0.9x | 1.0x | 1.1x | 0.9x | 1.0x | 0.9x | 1.3x | 1.3x | 1.2x | 0.9x | 1.1x | 1.2x | 1471.5x |
| EPS | -$0.63 | $0.32 | -$0.11 | -$1.43 | $2.37 | -$5.12 | $1.46 | $1.34 | $1.60 | $1.54 | $1.18 | $1.15 | $1.94 | $1.59 | $0.31 | $1.36 | $0.55 | -$13.46 |
| Dividend yield | 7.69% | 13.02% | 10.26% | 9.58% | 13.61% | 5.91% | 8.26% | 7.26% | 7.83% | 7.56% | 7.36% | 8.48% | 5.69% | 5.78% | 5.92% | 9.82% | 6.70% | 6.92% | 20.12% |
| Payout | 82.19% | — | 209.37% | — | — | 32.91% | — | 82.19% | 88.06% | 70.00% | 72.73% | 94.92% | 97.39% | 57.73% | 62.89% | 322.58% | 73.53% | 181.82% | — |
| Profit margin | 58.97% | — | — | -1.37% | 2263.25% | 58.97% | 165.56% | 54.87% | 55.98% | 61.23% | 60.58% | 54.07% | 52.27% | 60.25% | 65.12% | 29.56% | — | — | — |
| ROE | 8.41% | -7.13% | 4.55% | -0.19% | -15.09% | 23.06% | -52.38% | 9.26% | 8.87% | 11.58% | 11.42% | 8.91% | 7.94% | 13.91% | 11.56% | 2.95% | 10.34% | 4.03% | -136.96% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
Dividend growing 0.0% a year against a 11.2% required return, taken from the stock’s beta. The only method anchored on what the company pays rather than what it reports.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
1 methods answered, across 1 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
+39.6% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
| $12.57 |
| 50.3x |
| 3.9x |
| 9.55% |
| 7.34% |
| $613.74M |
| BRSPBrightSpire Capital, Inc. | $4.28 | — | 0.6x | 14.95% | -3.74% | $541.52M |
| UHTUniversal Health Realty Income Trust | $38.93 | 28.0x | 3.8x | 7.71% | 12.47% | $541.08M |