The Traderszone Network

Published in TZ Latest News 20 February, 2015 by The TZ Newswire Staff

How Did REIT Stock Redwood Trust Double Its Profit?

Redwood Trust (RWT) doubled its third-quarter earnings — an unusual feat for a real estate investment trust. Redwood reported Q3 earnings of 50 cents a share, up from 25 cents a year ago. Revenue growth also was impressive, up 47%. The company — which primarily invests in mortgages and other real estate assets — said its residential mortgage-banking business was the main reason for the robust Q3.

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