Redwood Trust Operating Lease Liabilities (Total) decreased by 8.9% to $9.71M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 25.7%, from $13.07M to $9.71M. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities (Total) shows a downward trend with a -8.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests the company is expanding its leased asset footprint or entering into longer-term lease agreements, while a decrease indicates the expiration of leases or a reduction in leased space. High levels relative to total assets may indicate significant fixed cost commitments that could impact liquidity during market downturns.
This metric represents the present value of future lease payments for operating leases that are not yet paid, recognized...
Peer REITs and financial institutions typically report this based on their physical office footprint and corporate infrastructure requirements, with variations driven by lease duration and market rental rates.
operating_lease_liabilities_total| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $16.00M | $15.77M | $20.96M | $20.22M | $19.45M | $19.53M | $18.56M | $17.64M | $16.67M | $15.63M | $14.73M | $13.66M | $12.66M | $11.71M | $11.03M | $13.07M | $12.34M | $11.60M | $10.67M | $9.71M |
| QoQ Change | — | -1.4% | +32.9% | -3.5% | -3.8% | +0.4% | -5.0% | -5.0% | -5.5% | -6.2% | -5.8% | -7.2% | -7.3% | -7.5% | -5.8% | +18.5% | -5.5% | -6.0% | -8.1% | -8.9% |
| YoY Change | — | — | — | — | +21.6% | +23.9% | -11.4% | -12.8% | -14.3% | -20.0% | -20.7% | -22.6% | -24.1% | -25.1% | -25.1% | -4.3% | -2.5% | -0.9% | -3.3% | -25.7% |