Redwood Trust Management
Management criteria checks 3/4
Redwood Trust's CEO is Chris Abate, appointed in May 2018, has a tenure of 6.67 years. total yearly compensation is $7.02M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $2.90M. The average tenure of the management team and the board of directors is 5.2 years and 7.1 years respectively.
Key information
Chris Abate
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 6.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.2yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
Redwood Trust Recently Issued 2 Notes Maturing In 2029
Aug 12Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered
Apr 15Redwood Trust: Book Value Likely To Decrease, But Not As Much As Agency REITs
Oct 28Redwood Trust: An Emerging Winner In The Regional Bank Chaos
Aug 17Redwood Trust EAD of -$0.11
Feb 09Redwood Trust prices $65M preferred stock offering
Jan 11Redwood Trust Non-GAAP EPS of $0.16 beats by $0.09
Oct 27Redwood Trust stock gains 5% after hours on preliminary Q3 results
Oct 13Redwood Trust declares $0.23 dividend
Sep 13Redwood Trust downgraded to Neutral at BTIG on interest rate uncertainty
Aug 31Redwood Trust announces $125M stock buyback program
Jul 28Redwood Trust closes on $313M securitization backed by single-family rental loans
Jun 29Redwood Trust: Enjoy The High Yield, But Forget Price Growth
Apr 25Redwood Trust: Investor Day Emphasizes The Longer-Term Growth Potential
Oct 08Redwood Trust EPS beats by $0.38, beats on revenue
Apr 28What Is The Ownership Structure Like For Redwood Trust, Inc. (NYSE:RWT)?
Mar 09
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$71m |
| Jun 30 2024 | n/a | n/a | US$25m |
| Mar 31 2024 | n/a | n/a | US$12m |
| Dec 31 2023 | US$7m | US$900k | -US$13m |
| Sep 30 2023 | n/a | n/a | -US$76m |
| Jun 30 2023 | n/a | n/a | -US$94m |
| Mar 31 2023 | n/a | n/a | -US$196m |
| Dec 31 2022 | US$5m | US$900k | -US$168m |
| Sep 30 2022 | n/a | n/a | -US$81m |
| Jun 30 2022 | n/a | n/a | US$57m |
| Mar 31 2022 | n/a | n/a | US$245m |
| Dec 31 2021 | US$14m | US$800k | US$309m |
| Sep 30 2021 | n/a | n/a | US$320m |
| Jun 30 2021 | n/a | n/a | US$372m |
| Mar 31 2021 | n/a | n/a | US$450m |
| Dec 31 2020 | US$6m | US$767k | -US$584m |
| Sep 30 2020 | n/a | n/a | -US$590m |
| Jun 30 2020 | n/a | n/a | -US$694m |
| Mar 31 2020 | n/a | n/a | -US$828m |
| Dec 31 2019 | US$7m | US$750k | US$164m |
| Sep 30 2019 | n/a | n/a | US$116m |
| Jun 30 2019 | n/a | n/a | US$122m |
| Mar 31 2019 | n/a | n/a | US$123m |
| Dec 31 2018 | US$5m | US$646k | US$116m |
Compensation vs Market: Chris's total compensation ($USD7.02M) is above average for companies of similar size in the US market ($USD3.24M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
CEO
Chris Abate (44 yo)
6.7yrs
Tenure
US$7,021,779
Compensation
Mr. Christopher J. Abate, also known as Chris, has been the Chief Executive Officer of Redwood Trust, Inc. since May 22, 2018 and its Director since December 04, 2017. Mr. Abate has been employed with Redw...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.7yrs | US$7.02m | 0.34% $ 2.9m | |
| President & Director | 7.1yrs | US$6.11m | 0.19% $ 1.6m | |
| Chief Financial Officer | 3.7yrs | US$9.10m | 0.043% $ 370.7k | |
| Executive VP | 16.1yrs | US$2.67m | 0.11% $ 977.4k | |
| Chief Human Resource Officer | 6.8yrs | US$2.47m | 0.046% $ 401.2k | |
| Chief Executive Officer of CoreVest | less than a year | US$8.44m | 0.046% $ 398.5k | |
| Chief Technology Officer | less than a year | no data | no data | |
| MD & Head of Investor Relations | no data | no data | no data | |
| Head of Home Equity Investments & MD | less than a year | no data | no data | |
| President of Redwood Residential | no data | no data | no data | |
| Head of Business Development & Institutional Sales at Redwood Residential | no data | no data | no data | |
| Managing Director of Finance | no data | no data | no data |
5.2yrs
Average Tenure
53yo
Average Age
Experienced Management: RWT's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.1yrs | US$7.02m | 0.34% $ 2.9m | |
| President & Director | 3.4yrs | US$6.11m | 0.19% $ 1.6m | |
| Independent Director | 31yrs | US$223.00k | 0.32% $ 2.8m | |
| Independent Chairman | 23yrs | US$360.00k | 0.082% $ 707.6k | |
| Independent Director | 18.8yrs | US$276.07k | no data | |
| Independent Director | 8.8yrs | US$260.00k | 0.056% $ 481.3k | |
| Independent Director | 3.8yrs | US$260.00k | 0.013% $ 109.8k | |
| Independent Director | 3.8yrs | US$240.00k | 0.013% $ 109.8k | |
| Independent Director | 1.2yrs | US$88.27k | no data |
7.1yrs
Average Tenure
65yo
Average Age
Experienced Board: RWT's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 03:59 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Redwood Trust, Inc. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Bruce | BofA Global Research |
| Eric Hagen | BTIG |
| Michael Diana | Cantor Fitzgerald & Co. |