3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
W S
Investments / The Ticker

Redwood Trust misses earnings estimates

Posts $16M 2Q net income

money flare
/ Print / Reprints /
| Share More
/ Text Size+

Redwood Trust (RWT) reported a second-quarter net income of $16 million, or $0.18 per share, compared to a net income of $12 million, or $0.14 per share, for the first quarter 2014, and $66 million, or $0.71 per share, for the second quarter of 2013.

This missed earnings per share expectations by $0.16 and revenue expectations by $1.55 million.  

Redwood also reported estimated REIT taxable income of $14 million, or $0.17 per share, for the second quarter of 2014. This compares to estimated REIT taxable income of $15 million, or $0.19 per share, for the first quarter of 2014 and REIT taxable income of $20 million, or $0.25 per share, for the second quarter of 2013.

In addition, Redwood reported a book value per share of $15.03, as compared to $15.14 at March 31, 2014, and $14.69 at June 30, 2013.

Recent Articles by Brena Swanson

Comments powered by Disqus