GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Redwood Trust Inc (NYSE:RWT) » Definitions » Net Income

RWT (Redwood Trust) Net Income : $81.7 Mil (TTM As of Sep. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Redwood Trust Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Redwood Trust's Net Income for the three months ended in Sep. 2024 was $14.8 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $81.7 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Redwood Trust's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.10.


Redwood Trust Net Income Historical Data

The historical data trend for Redwood Trust's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Redwood Trust Net Income Chart

Redwood Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.18 -581.85 319.61 -163.52 -2.27

Redwood Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -30.81 21.04 30.26 15.53 14.83

Redwood Trust Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Redwood Trust's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.639+-1.635+0+0
=-2.3

Redwood Trust's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=21.954+-7.128+0+0
=14.8

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $81.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Redwood Trust  (NYSE:RWT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Redwood Trust's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Redwood Trust Net Income Related Terms

Thank you for viewing the detailed overview of Redwood Trust's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Redwood Trust Business Description

Traded in Other Exchanges
Address
One Belvedere Place, Suite 300, Mill Valley, CA, USA, 94941
Redwood Trust Inc is a real estate investment trust focused on different areas of housing credit. The company operates in three segments: the Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio, Residential Investor Mortgage Banking segment consists of a platform that originates and acquires business purpose lending loans for subsequent securitization, sale, or transfers into its investment portfolio, and Investment Portfolio segment consists of organic investments sourced through residential and business-purpose mortgage banking operations.
Executives
Brooke Carillo officer: Chief Financial Officer C/O REDWOOD TRUST, INC., 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Doneene K Damon director 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Fred Matera officer: Chief Investment Officer 1 BELVEDERE PLACE, STE. 300, MILL VALLEY CA 94941
Andrew P Stone officer: General Counsel 1 BELVEDERE PLACE, STE. 300, MILL VALLEY CA 94941
Cochrane Collin Lee officer: Controller, Managing Director C/O REDWOOD TRUST, INC, 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Dashiell I Robinson director, officer: President 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Horvath D Debora director 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Sasha G. Macomber officer: Chief Human Resource Officer 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Greg H Kubicek director 2601 NE 163RD COURT, VANCOUVER WA 98684
Armando Falcon director 1 BELVEDERE PLACE,SUITE 300, C/O REDWOOD TRUST, INC, MILL VALLEY CA 94941
Faith A Schwartz director 1 BELVEDERE PLCAE, SUITE 300, C/O REDWOOD TRUST, INC., MILL VALLEY CA 94941
Georganne Proctor director 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
George W Madison director 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Mariann H Byerwalter director C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403
Jeffrey T Pero director ONE BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941