Redwood Trust, Inc. Provides Earnings Guidance for the Year Ended December 31, 2017
January 22, 2018 at 09:01 am
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Redwood Trust, Inc. provided earnings guidance for the year ended December 31, 2017. For the year ended December 31, 2017, the company estimates that net income will be in the range of $1.57 to $1.63 per fully diluted share, and 2017 return on average equity will be in the range of 11.6% to 12.1%. The company estimates that, at December 31, 2017, GAAP book value will be in the range of $15.79 to $15.85 per share.
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies.
REDWOOD TRUST, INC. 
