Redwood Trust, Inc. · NYSE:RWT
Redwood Trust — Q3 2009 Earnings Presentation
15 slides from Redwood Trust's earnings presentation, Nov 4, 2009
Slide 1: The Redwood Review 3rd Quarter 2009
THE REpwoop REVIEW 3RD QUARTER 2009 REDWOOD TRUST
Slide 2: Securities Portfolio and Cash and Liquidity
u We have segmented our securities portfolio by acquisition date in the above chart to highlight that 91% of the economic value of the cash, securities and investments are currently held in cash or in recently acquired securities. Our future earnings will be driven primarily by the performance of th
Slide 3: Quarterly Update: Dividends
Quarterly Update u On November 10, 2008, our board of directors announced its intention to pay a regular dividend of $0.25 per share per quarter in 2009. u On September 9, 2009, our board of directors declared a regular dividend of $0.25 per share for the third quarter, which was paid on October 21,
Slide 4: Quarterly Update: Capital
Quarterly Update u Our capital totaled $1,047 million at September 30, 2009, an increase of $95 million from $952 million at June 30, 2009. Capital increased primarily as a result of increases in the fair values of our assets. In addition, our GAAP income exceeded our dividend distributions. u Our e
Slide 5: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 6: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 7: Prepayments on Agency and jumbo loans
u For the past 18 months, there has been a high correlation between prepayments on loans underlying Fannie Mae 5.5% coupon securities and prepayments on jumbo fixed-rate loans. For most of that time period, prepayments on loans underlying the Fannie Mae 5.5% coupon securities have been faster than j
Slide 8: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 9: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 10: Quarterly Update: Commercial Securities
u Falling commercial property values, more conservative lending standards, and debt shortfalls should result in opportunities to carefully invest in commercial assets with attractive long term cash flows. We are prepared to take advantage of these opportunities and to provide solutions for targeted
Slide 11: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 12: Appendix
APPENDIX R REDWOOD TRUST
Slide 13: THE REDWOOD
THE REDWOOD REVIEW 3RD QUARTER 2009
Slide 14: Financial Tables
FINANCIAL TABLES 3RD QUARTER 2009 R| REDWOOD TRUST
Slide 15: Redwood Trust
R] REDWOOD TRUST