Discontinued — last reported Q1 '24
Third-Party Investments — Interest Expense
Redwood Trust Third-Party Investments — Interest Expense increased by 7.9% to $153.11M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 24.0%, from $123.45M to $153.11M. Over 2 years (FY 2021 to FY 2023), Third-Party Investments — Interest Expense shows an upward trend with a 22.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in interest expense relative to interest income suggests margin compression, while a decrease may indicate improved financing terms or reduced leverage.
Detailed definition
This metric represents the total interest costs incurred by the company specifically related to financing activities wit...
Peer comparison
Comparable to interest expense on warehouse lines or securitization debt reported by other mortgage REITs and non-bank mortgage originators.
rwt_segment_third_party_investments_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $88.69M | $84.05M | $92.95M | $116.58M | $102.59M | $111.88M | $114.11M | $123.45M | $129.86M | $131.30M | $141.94M | $153.11M |
| QoQ Change | — | -5.2% | +10.6% | +25.4% | -12.0% | +9.1% | +2.0% | +8.2% | +5.2% | +1.1% | +8.1% | +7.9% |
| YoY Change | — | — | — | — | +15.7% | +33.1% | +22.8% | +5.9% | +26.6% | +17.4% | +24.4% | +24.0% |
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Frequently Asked Questions
- What is Redwood Trust's third-party investments — interest expense?
- Redwood Trust (RWT) reported third-party investments — interest expense of $153.11M in Q1 2024.
- How has Redwood Trust's third-party investments — interest expense changed year-over-year?
- Redwood Trust's third-party investments — interest expense increased by 24.0% year-over-year, from $123.45M to $153.11M.
- What is the long-term trend for Redwood Trust's third-party investments — interest expense?
- Over 2 years (2021 to 2023), Redwood Trust's third-party investments — interest expense has grown at a 22.4% compound annual growth rate (CAGR), from $351.64M to $526.55M.
- What does third-party investments — interest expense mean?
- The total interest costs paid to finance the company's third-party residential mortgage investments.