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Redwood Trust, Inc.RWTCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum laggard 14
Mkt cap
$392M
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$10.2M
20-day average traded
P/B
0.44×
price to book
ROE
-4.0%
delivered
Implied ROE
7.2%
what the price asks
Next earnings
96 days
10 Feb 2027
Close · USD$3.12
1D+0.3%
1W-0.3%
1M-6.3%
3M-31.7%
6M-44.0%
YTD-43.6%
1Y-40.6%
ATR %6.2%
Beta0.78
52w lowhigh55.2% off high

What Redwood Trust does

Employees: 351

Redwood Trust at a glance

Size Redwood Trust (RWT) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $392M, the 2875th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.12 on 6 Nov 2026.

Performance Over six months the shares fell 44.0%, against -10.8% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue fell 9.4% over the last twelve months (peer median +2.1%); the operating margin is 88.3% (peer median 46.9%).

Valuation It trades at 0.44× book value against a peer median of 0.88× (cheapest of 21).

Price implies The share price implies a return on equity of about 7.2%; Redwood Trust delivers -4.0%, so the price asks more than the business earns today.

Credit Redwood Trust has 1 bond outstanding ($173M).

Short interest Short interest is 16.2% of the free float (15 Oct 2026).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 90RWT 59
Six months, rebased to 100: Redwood Trust against the median of its 20 peers (local-currency closes).

Redwood Trust financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.08B$1.11B$999M$772M$730M
Revenue growth—+11%+29%+6%—
Gross profit$1.05B$1.07B$966M$730M$692M
EBITDAn/a$1.07B$927M$658M$399M
Net income-$36.3M-$75.7M$49.6M-$6.27M-$168M
Free cash flown/a-$10.1B-$5.86B-$2.02B-$139M
Capital expendituren/a$0$0$0$0
Total debt$28.9B$22.3B$16.7B$13.1B$11.8B

Quarterly statements and history in the cockpit →

Redwood Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%NSIPRV-UNILPT2972INEABSRT-UN2979COF3459HABAFPIXRNBRSPNXRTNXR-UNSELERPLZ-UNCHCTM1GURWT6-month return →1-month return →
Up and to the right = strong over both horizons. Redwood Trust is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%0.50×10×1.50×NSIPRV-UNILPT2972INEABSRT-UN2979COF3459HABASEITINVITFPIXRNBRSPNXRTNXR-UNSELERPLZ-UNCHCTM1GURWTReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Redwood Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%20%0%20%NSIPRV-UNILPT2972INEABSRT-UN29793459HABASEITINVITXRNNXRTPLZ-UNRWTROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Redwood Trust is the large dot.

Redwood Trust competitors and peer comparison

How Redwood Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Redwood Trust against its 20 peers (data as of 6 Nov 2026)
MeasureRWTPeer medianRank in peer set
1-month return-6.3%-1.2%8th lowest of 21
6-month return-44.0%-10.8%3rd lowest of 20
Return on equity-4.0%4.2%4th lowest of 21
Price / book0.44×0.88×cheapest of 21
ROE the price implies7.2%7.3%10th least demanding of 21
ROE delivered-4.0%3.7%4th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Redwood Trust RWTUnited States$392M-44%-9%-4%0.44×7.2%-4.0%
Nsi NSI.ASNetherlands$394M+1%-4%-2%0.54×4.5%-2.5%
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%7%0.96×9.1%7.2%
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%-12%0.94×16.7%-12.2%
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%-5%1.28×5.0%-4.7%
Fonciere INEA INEA.PAFrance$382M-11%-1%1%0.68×5.3%0.5%
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%3%0.68×6.8%3.2%
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%5%0.82×4.3%4.7%
Centuria Office REIT COF.AXAustralia$375M-3%-1%6%0.55×7.4%5.6%
Samty Residential Investment 3459.TJapan$411M-27%+13%6%0.77×4.0%6.1%
Hamborner REIT HABA.DEGermany$370M-19%-4%-2%0.97×6.3%-2.2%
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%4%1.44×26.6%3.7%
Farmland Partners FPIUnited States$369M-17%-6%2%0.87×8.1%2.2%
Chiron Real Estate XRNUnited States$416M-16%+4%10%0.87×9.5%10.0%
BrightSpire Capital BRSPUnited States$416M-44%+2%2%0.47×7.2%2.1%
NexPoint Residential Trust NXRTUnited States$417M-46%+1%-14%1.85×17.3%-13.6%
Nexus Industrial REIT NXR-UN.TOCanada$418M-1%+2%5%0.71×9.0%4.9%
Selectirente SELER.PAFrance$367M-7%+2%5%0.88×6.0%5.0%
Plaza Retail REIT PLZ-UN.TOCanada$419M+19%+3%11%1.01×7.7%11.1%
Community Healthcare Trust CHCTUnited States$423M-16%+6%5%1.02×8.2%4.7%
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%11%0.91×3.9%n/a

Redwood Trust bonds and credit

Redwood Trust has 1 bond outstanding with $173M face value.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Redwood Trust's closest peers?
The cockpit's peer set: Nsi (NSI.AS), PRO Real Estate Investment Trust (PRV-UN.TO), Industrial Logistics Properties Trust (ILPT), SANKEI REAL ESTATE (2972.T), Fonciere INEA (INEA.PA), BSR Real Estate Investment Trust (BSRT-UN.TO), SOSiLA Logistics REIT,Inc (2979.T), Centuria Office REIT (COF.AX).
Is Redwood Trust expensive compared with its peers?
On price / book it trades at 0.44× against a peer median of 0.88×, cheapest of 21 in its peer set. The share price implies a return on equity of about 7.2%; Redwood Trust delivers -4.0%, so the price asks more than the business earns today.
How has Redwood Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -44.0% against -10.8% for the median peer; over one year -40.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.