Redwood Trust Shares Rise After 4Q Profit

Dow Jones
Yesterday
 

By Chris Wack

 

Redwood Trust shares were 21% higher, at $6.68, after the company swung to a fourth-quarter profit.

The stock hit its 52-week high of $6.97 earlier in the session, and is 4% higher in the past 12 months.

The real-estate investment trust said it had quarterly earnings of $18.3 million, or 13 cents a share, compared with a loss of $7.7 million, or 8 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $13.2 million.

Net interest income for the quarter was $25.9 million, compared with $15 million last year.

The company said its fourth-quarter results reflected momentum across its mortgage banking platforms, with higher production revenue translating directly into earnings growth. Mortgage banking production reached a $7.3 billion.

Book value per common share was $7.36 at Dec. 31, compared with $7.35 a share at Sept. 30.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

February 12, 2026 12:59 ET (17:59 GMT)

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