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RWT'A

Redwood Trust Inc · Series A · REITs
Also quoted as: RWT-A, RWTprA, RWT.PRA, RWT-PA, RWTpA
$23.58
last price · 2026-09-14

About this security

RWT'A is a variable-rate cumulative perpetual preferred stock issued by Redwood Trust Inc, grouped under REITs. $25 liquidation preference, dividend rate currently 10.00% a year (initial rate 10%), current yield 10.60%, callable from 2028-04-15.

Redwood Trust Inc: Introduction Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination, and investment activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. We operate our business across four reportable segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a continued commitment to technological innovation that supports disciplined, risk‑minded growth. Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments, less the interest expense we incur on borrowed funds and other liabilities. Company website

All Redwood Trust Inc securities and the issuer profile →

Key Stats ✓ Verified against SEC filing (prospectus linked below)

live page · rendered 19:22:32 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
10.60%
Annual Dividend
$2.5000
Current Rate
10.00%
a year, from the latest dividends
Recent Market Price
$23.58
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
+$1.42 (+6.0%)
Recent Ex-Date
2026-07-01
Pay Frequency
quarterly
Cumulative
Yes
Initial Rate
10.000%
Call Date
2028-04-15
Yield to Call
13.99%
Yield to Worst
10.60%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No (Limited change-of-control conversion)
Floating Rate
five-year U.S. Treasury Rate + 6.278%
Pay Dates
April 15, July 15, October 15, January 15
Shares Offered (original)
2,600,000 +390,000 OA
Issued
2023-01-18
Series
A
Alt. Symbology
RWT-A, RWTprA, RWT.PRA, RWT-PA, RWTpA

vs. REITs (132 issues with a current yield): yield 10.60% vs avg 8.43% · discount -5.7% vs avg -15.5%

Quote

 RWT'A (preferred)RWT (common)
As of 2026-09-14 2026-09-14
Last $23.58 $3.83
Change +0.06 (+0.26%) +0.28 (+7.89%)
Open$23.60$3.53
High / Low $24.00 / $23.34 $3.84 / $3.53
Prev Close$23.52$3.55
Volume20,14210,143,575
52-Week High / Low $25.71 / $23.11 $6.97 / $3.22

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

RWT'A RWT (common)

Dividend History

Ex-DateAmount / Share
2026-07-01$0.625000
2026-04-01$0.625000
2025-12-31$0.625000
2025-10-01$0.625000
2025-07-01$0.625000
2025-04-01$0.625000
2024-12-31$0.625000
2024-10-01$0.625000
2024-07-01$0.625000
2024-03-28$0.625000
2023-12-27$0.625000
2023-09-28$0.625000

Performance: $10K Calculator

See what an investment in RWT'A would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

Get dividend & filing alerts for RWT'A →

Prospectus (SEC 424B5)

We are offering 2,600,000 shares of our 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the "Series A Preferred Stock".

Use of proceeds: The prospectus references intended use of proceeds on page S-15, but the specific use-of-proceeds statement is not included in the provided text.

Full Prospectus (SEC filing) →

Other Securities from Redwood Trust Inc

SymbolTypeCouponPriceYield
RWTN baby bond 9.125% 24.20 9.43%

News: Redwood Trust Inc

Issuer news via Tiingo, filtered to stories about RWT.

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