v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Real estate securities, at fair value [1] $ 405,223 $ 127,797
Home equity investments, at fair value [1] 589,785 550,436
Other investments [1] 375,806 343,930
Cash and cash equivalents [1] 245,165 293,104
Restricted cash [1] 67,762 75,684
Derivative assets [1] 46,003 14,212
Goodwill [1] 23,373 23,373
Other assets [1] 415,717 379,571
Total Assets [1] 18,258,344 14,504,327
Liabilities    
Asset-backed securities issued (includes $12,879,530 and $9,151,263 at fair value), net [1] 13,270,204 9,811,880
Debt Obligations, net [1] 3,462,880 3,239,123
Derivative liabilities [1] 23,660 33,828
Accrued expenses and other liabilities [1] 313,737 216,803
Total Liabilities [1] 17,070,481 13,301,634
Commitments and Contingencies (see Note 18) [1]
Equity    
Preferred stock, par value $0.01 per share, 2,990,000 shares authorized; 2,800,000 issued and outstanding [1] 66,948 66,948
Common stock, par value $0.01 per share, 392,010,000 shares authorized; 132,519,579 and 131,485,661 issued and outstanding [1] 1,325 1,315
Additional paid-in capital [1] 2,504,029 2,487,848
Accumulated other comprehensive loss [1] (43,071) (57,957)
Cumulative earnings [1] 1,191,401 1,144,412
Cumulative distributions to stockholders [1] (2,532,769) (2,439,873)
Total Equity [1] 1,187,863 1,202,693
Total Liabilities and Equity [1] 18,258,344 14,504,327
Residential consumer loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 1,013,547 911,192
Residential consumer loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 10,064,276 6,139,445
Residential investor loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 237,224 180,250
Residential investor loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,349,866 5,040,048
Consolidated Agency multifamily loans, at fair value    
ASSETS    
Fair value of loans [1] $ 424,597 $ 425,285
[1] Our consolidated balance sheets include assets of VIEs that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At December 31, 2024 and 2023, assets of consolidated VIEs totaled $14,654,942 and $10,988,885, respectively. At December 31, 2024 and 2023, liabilities of consolidated VIEs totaled $13,620,239 and $10,096,308, respectively. See Note 15 for further discussion.

Source