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RWTQ (Redwood Trust, Inc.) is a recent IPO.
It began trading on November 25, 2025, giving it less than a year of public history. Many charts and metrics below are sparse or empty until more price, financial, and analyst history accumulates. The affected sections are flagged individually so you can tell limited history from missing data.
Redwood Trust, Inc. (RWT) has aggressively issued baby bonds, now totaling $450M outstanding, attracting significant institutional investor activity. RWTQ, the 9.5% Senior Notes Due 2030, trades at distressed levels—$20/share (80 c/$)—implying a market-implied CCC rating and a 16% yield to maturity. We believe RWTQ is priced for default, which is unwarranted given fundamentals, making it an attractive purchase at current levels.
Redwood Trust, Inc. (RWT) reported disappointing financials, with legacy portfolio losses driving book value down from $7.12 to $6.9 per share. RWT's core mortgage business remains robust, posting strong volume growth and profitability without margin sacrifice, while the legacy segment continues to bleed. RWTQ 9.5% Senior Notes now yield 10.3%, reflecting increased risk from legacy losses and the company distributing more than it earns.
No recent filings indexed.