Redwood Trust Inc (RWT) - Net Assets
Based on the latest financial reports, Redwood Trust Inc (RWT) has net assets worth $983.00 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.70 Billion) and total liabilities ($22.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Redwood Trust Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $983.00 Million |
| % of Total Assets | 4.15% |
| Annual Growth Rate | 13.33% |
| 5-Year Change | -29.1% |
| 10-Year Change | -14.48% |
| Growth Volatility | 75.76 |
Redwood Trust Inc - Net Assets Trend (1994–2025)
This chart illustrates how Redwood Trust Inc's net assets have evolved over time, based on quarterly financial data. Also explore RWT asset base for the complete picture of this company's asset base.
Annual Net Assets for Redwood Trust Inc (1994–2025)
The table below shows the annual net assets of Redwood Trust Inc from 1994 to 2025. For live valuation and market cap data, see market cap of Redwood Trust Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $982.62 Million | -17.28% |
| 2024-12-31 | $1.19 Billion | -1.23% |
| 2023-12-31 | $1.20 Billion | +10.95% |
| 2022-12-31 | $1.08 Billion | -21.79% |
| 2021-12-31 | $1.39 Billion | +24.75% |
| 2020-12-31 | $1.11 Billion | -39.19% |
| 2019-12-31 | $1.83 Billion | +35.43% |
| 2018-12-31 | $1.35 Billion | +11.30% |
| 2017-12-31 | $1.21 Billion | +5.48% |
| 2016-12-31 | $1.15 Billion | +0.24% |
| 2015-12-31 | $1.15 Billion | -8.74% |
| 2014-12-31 | $1.26 Billion | +0.80% |
| 2013-12-31 | $1.25 Billion | +9.28% |
| 2012-12-31 | $1.14 Billion | +27.74% |
| 2011-12-31 | $892.58 Million | -17.01% |
| 2010-12-31 | $1.08 Billion | +8.75% |
| 2009-12-31 | $989.09 Million | +204.34% |
| 2008-12-31 | $325.00 Million | +145.25% |
| 2007-12-31 | $-718.28 Million | -171.64% |
| 2006-12-31 | $1.00 Billion | +7.24% |
| 2005-12-31 | $934.96 Million | +8.19% |
| 2004-12-31 | $864.16 Million | +56.17% |
| 2003-12-31 | $553.33 Million | +16.97% |
| 2002-12-31 | $473.03 Million | +53.70% |
| 2001-12-31 | $307.77 Million | +42.71% |
| 2000-12-31 | $215.66 Million | +2.75% |
| 1999-12-31 | $209.90 Million | -17.62% |
| 1998-12-31 | $254.80 Million | -23.83% |
| 1997-12-31 | $334.50 Million | +58.53% |
| 1996-12-31 | $211.00 Million | +208.93% |
| 1995-12-31 | $68.30 Million | +236.45% |
| 1994-12-31 | $20.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Redwood Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 151738100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.25 Million | 0.13% |
| Other Comprehensive Income | $-31.67 Million | -3.22% |
| Other Components | $2.53 Billion | 257.52% |
| Total Equity | $982.62 Million | 100.00% |
Redwood Trust Inc Competitors by Market Cap
The table below lists competitors of Redwood Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SmartFinancial, Inc.
NYSE:SMBK
|
$715.91 Million |
|
Shanghai Golden Bridge
SHG:603918
|
$715.92 Million |
|
Etron Technology
TWO:5351
|
$716.01 Million |
|
Getein Biotech Inc
SHG:603387
|
$716.15 Million |
|
AB SKF (publ)
ST:SKF-A
|
$715.78 Million |
|
Ocean’s King Lighting Science & Technology Co Ltd
SHE:002724
|
$715.75 Million |
|
Lectra SA
PA:LSS
|
$715.73 Million |
|
eClerx Services Limited
NSE:ECLERX
|
$715.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redwood Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,187,863,000 to 982,616,000, a change of -205,247,000 (-17.3%).
- Net loss of 70,027,000 reduced equity.
- Dividend payments of 105,987,000 reduced retained earnings.
- Share repurchases of 51,833,000 reduced equity.
- New share issuances of 434,000 increased equity.
- Other comprehensive income increased equity by 11,402,001.
- Other factors increased equity by 10,763,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-70.03 Million | -7.13% |
| Dividends Paid | $105.99 Million | -10.79% |
| Share Repurchases | $51.83 Million | -5.28% |
| Share Issuances | $434.00K | +0.04% |
| Other Comprehensive Income | $11.40 Million | +1.16% |
| Other Changes | $10.76 Million | +1.1% |
| Total Change | $- | -17.28% |
Book Value vs Market Value Analysis
This analysis compares Redwood Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.06x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $97.60 | $5.73 | x |
| 1995-12-31 | $12.38 | $5.73 | x |
| 1996-12-31 | $24.13 | $5.73 | x |
| 1997-12-31 | $24.45 | $5.73 | x |
| 1998-12-31 | $19.30 | $5.73 | x |
| 1999-12-31 | $21.49 | $5.73 | x |
| 2000-12-31 | $24.23 | $5.73 | x |
| 2001-12-31 | $29.38 | $5.73 | x |
| 2002-12-31 | $29.93 | $5.73 | x |
| 2003-12-31 | $29.58 | $5.73 | x |
| 2004-12-31 | $38.89 | $5.73 | x |
| 2005-12-31 | $37.22 | $5.73 | x |
| 2006-12-31 | $38.13 | $5.73 | x |
| 2007-12-31 | $-25.72 | $5.73 | x |
| 2008-12-31 | $9.15 | $5.73 | x |
| 2009-12-31 | $14.08 | $5.73 | x |
| 2010-12-31 | $13.51 | $5.73 | x |
| 2011-12-31 | $11.40 | $5.73 | x |
| 2012-12-31 | $14.13 | $5.73 | x |
| 2013-12-31 | $13.30 | $5.73 | x |
| 2014-12-31 | $14.76 | $5.73 | x |
| 2015-12-31 | $13.56 | $5.73 | x |
| 2016-12-31 | $11.74 | $5.73 | x |
| 2017-12-31 | $11.89 | $5.73 | x |
| 2018-12-31 | $12.26 | $5.73 | x |
| 2019-12-31 | $13.36 | $5.73 | x |
| 2020-12-31 | $9.75 | $5.73 | x |
| 2021-12-31 | $9.76 | $5.73 | x |
| 2022-12-31 | $9.25 | $5.73 | x |
| 2023-12-31 | $10.34 | $5.73 | x |
| 2024-12-31 | $8.99 | $5.73 | x |
| 2025-12-31 | $8.69 | $5.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redwood Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.33%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 24.12x
- Recent ROE (-7.13%) is below the historical average (0.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 1.97% | 80.00% | 0.00x | 5.99x | $-1.63 Million |
| 1995 | 4.69% | 66.67% | 0.01x | 6.47x | $-3.63 Million |
| 1996 | 6.02% | 75.15% | 0.01x | 10.35x | $-8.40 Million |
| 1997 | 8.25% | 78.41% | 0.01x | 10.30x | $-5.85 Million |
| 1998 | -14.68% | -160.52% | 0.01x | 11.12x | $-62.88 Million |
| 1999 | 0.82% | 6.11% | 0.01x | 11.53x | $-19.26 Million |
| 2000 | 8.78% | 60.13% | 0.02x | 9.65x | $-2.63 Million |
| 2001 | 10.69% | 68.51% | 0.02x | 7.91x | $2.11 Million |
| 2002 | 11.97% | 70.83% | 0.01x | 14.81x | $9.31 Million |
| 2003 | 23.93% | 72.17% | 0.01x | 31.86x | $77.06 Million |
| 2004 | 26.92% | 32.26% | 0.03x | 28.67x | $146.22 Million |
| 2005 | 21.38% | 19.46% | 0.06x | 17.94x | $106.38 Million |
| 2006 | 12.72% | 14.15% | 0.07x | 13.00x | $27.26 Million |
| 2007 | 0.00% | -511.93% | 0.02x | 0.00x | $-1.04 Billion |
| 2008 | -147.15% | -276.02% | 0.03x | 18.48x | $-474.59 Million |
| 2009 | 4.03% | 29.83% | 0.03x | 5.41x | $-57.98 Million |
| 2010 | 10.34% | 58.13% | 0.04x | 4.83x | $3.58 Million |
| 2011 | 2.95% | 29.58% | 0.02x | 6.43x | $-62.92 Million |
| 2012 | 11.22% | 71.56% | 0.04x | 3.90x | $13.87 Million |
| 2013 | 13.51% | 62.17% | 0.06x | 3.70x | $43.75 Million |
| 2014 | 8.01% | 47.17% | 0.04x | 4.71x | $-25.03 Million |
| 2015 | 8.91% | 47.65% | 0.03x | 5.44x | $-12.54 Million |
| 2016 | 11.42% | 50.57% | 0.05x | 4.77x | $16.35 Million |
| 2017 | 11.58% | 58.70% | 0.03x | 5.81x | $19.21 Million |
| 2018 | 8.87% | 55.33% | 0.02x | 8.85x | $-15.30 Million |
| 2019 | 9.26% | 51.71% | 0.02x | 9.85x | $-13.52 Million |
| 2020 | -52.37% | 0.00% | -0.03x | 9.32x | $-692.95 Million |
| 2021 | 23.06% | 59.23% | 0.04x | 10.61x | $181.01 Million |
| 2022 | -15.08% | 0.00% | 0.00x | 12.02x | $-271.92 Million |
| 2023 | -0.19% | -1.43% | 0.01x | 12.06x | $-122.54 Million |
| 2024 | 4.55% | 22.27% | 0.01x | 15.37x | $-64.78 Million |
| 2025 | -7.13% | -6.33% | 0.05x | 24.12x | $-168.29 Million |
Industry Comparison
This section compares Redwood Trust Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,017,694,943
- Average return on equity (ROE) among peers: 3.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redwood Trust Inc (RWT) | $983.00 Million | 1.97% | 23.11x | $715.90 Million |
| Arbor Realty Trust (ABR) | $154.75 Million | 2.20% | 1.19x | $1.55 Billion |
| Acres Commercial Realty Corp (ACR) | $553.82 Million | 4.95% | 2.85x | $138.06 Million |
| Ares Commercial Real Estate (ACRE) | $625.85 Million | -6.21% | 2.64x | $286.25 Million |
| AFC Gamma Inc (AFCG) | $201.38 Million | 8.33% | 1.00x | $61.88 Million |
| AGNC Investment Corp (AGNC) | $546.82 Million | 21.69% | 7.46x | $12.12 Billion |
| Angel Oak Mortgage Inc (AOMR) | $491.39 Million | 4.30% | 4.25x | $210.28 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.21 Billion | 2.63% | 3.21x | $1.43 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |
| Brightspire Capital Inc (BRSP) | $1.49 Billion | -6.78% | 2.78x | $755.61 Million |
| Blackstone Mortgage Trust Inc (BXMT) | $3.79 Billion | -5.38% | 4.22x | $3.21 Billion |
About Redwood Trust Inc
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 sub… Read more