REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 24, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

REDWOOD TRUST INC ($RWT)

Sector: Diversified REIT  •  Exchange / CIK: NYSE / 0000930236  •  Properties: 150 Assets
Trading at a 8.4% discount to NAV
Safety Score: 80/100 (Safe)  |  Credit: BBB

Live Share Price

$3.18
52W Range: $2.88 - $6.97

Valuation Multiples

13.8x P/AFFO
P/FFO: 12.7x  |  FFO/sh: $0.25

Net Asset Value (NAV)

$3.47
Prem/Disc: -8.4%  |  Cap: 6.55%

Dividend Cash Flow

5.35% Yield
$0.17/yr (Quarterly)  |  Payout: 73.9%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 5.4x. Portfolio leased occupancy is 95.0% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.0425 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
REDWOOD TRUST INC Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 95.0% $520,500,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
1.03
Index Tracking (Market Neutral)
Annualized Alpha (α)
-38.97%
Trailing VNQ
Sharpe Ratio (vs VNQ)
-0.89 vs 0.04
-0.93 Spread
Max Drawdown (1-Yr)
-51.0% vs -11.4%
-39.6% vs VNQ
RWT vs VNQ QuantStats Performance & Underwater Drawdown
Quantitative Risk & Return Metric RWT VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 1.03 1.00 +0.03 (Index Tracking (Market Neutral))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 -38.97% 0.00% (Baseline) Trailing VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 -0.89 0.04 -0.93
Sortino Ratio
Downside semi-variance risk-adjusted return
 -0.9 0.03 -0.93
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 43.0% 13.9% +29.1% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -51.0% -11.4% -39.6% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 -34.9% 4.1% -39.0% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.11 Corr: 0.33 11% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 45.6% 51.6% -6.0% vs Benchmark
QuantStats Analytical Synthesis: RWT displays a Beta of 1.03 relative to VNQ with 0.11 R² correlation. Annualized volatility is 43.0% (29.1% higher than VNQ at 13.9%). Trailing 12-month Alpha stands at -38.97% (Trailing VNQ) with a Sharpe ratio of -0.89 against 0.04 for VNQ, and a maximum drawdown of -51.0%.
SEC CIK: 0000930236  |  Principal Executive Officer: Executive Leadership / REDWOOD Corp  |  Total PEO Compensation: Reported in DEF 14A (N/A)
Official SEC Accession: 0000930236-26-000001
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.