Redwood Trust (NYSE:RWT) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Redwood Trust (NYSE:RWT) reported Q1 earnings with an EPS of $0.21, missing consensus estimates by $0.01, and revenue of $63.9 million, below the $89.5 million forecast. Despite the miss and a GAAP net loss of $7 million, the company achieved a third consecutive record operating quarter in mortgage banking volume and announced a significant partnership with Castlelake, providing $8 billion in incremental purchasing power. Redwood Trust also declared a quarterly dividend of $0.18, representing an annualized yield of 12.9%.

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