RWTN
Redwood Trust, Inc. 9.125% Seni
REIT - Mortgage
Market Cap$3.18B
5Y Perf.+0.4%
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Stock Comparison
RWTN vs MITT
Revenue, margins, valuation, and 5-year total return — side by side.
MITT
TPG Mortgage Investment Trust Inc
REIT - Mortgage
Market Cap$249M
5Y Perf.+28.9%
RWTN vs MITT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | RWTN | MITT |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $3.18B | $249M |
| Revenue (TTM) | $977M | $493M |
| Net Income (TTM) | $-70M | $34M |
| Gross Margin | 95.5% | 94.2% |
| Operating Margin | 77.5% | 93.3% |
| Forward P/E | 32.8x | 7.2x |
| Total Debt | $22.29B | $8.10B |
| Cash & Equiv. | $256M | $76M |
RWTN vs MITT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
RWTN
MITT
| Stock | Feb 24 | May 26 | Return |
|---|---|---|---|
| Redwood Trust, Inc.… (RWTN) | 100 | 100.4 | +0.4% |
| TPG Mortgage Invest… (MITT) | 100 | 128.9 | +28.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RWTN vs MITT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MITT leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Redwood Trust, Inc. 9.125% Seni is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
RWTN
Redwood Trust, Inc. 9.125% Seni
The Real Estate Income Play
RWTN is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.59, yield 3.4%
- 21.1% 10Y total return vs MITT's -16.9%
- Lower volatility, beta 0.59
Best for: income & stability and long-term compounding
MITT
TPG Mortgage Investment Trust Inc
The Real Estate Income Play
MITT carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 14.4%, EPS growth -26.8%, 3Y rev CAGR 22.6%
- 14.4% FFO/revenue growth vs RWTN's 13.3%
- Lower P/E (7.2x vs 32.8x)
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MITT | 14.4% FFO/revenue growth vs RWTN's 13.3% |
| Value | MITT | Lower P/E (7.2x vs 32.8x) |
| Quality / Margins | MITT | 6.8% margin vs RWTN's -7.2% |
| Stability / Safety | RWTN | Beta 0.59 vs MITT's 0.90 |
| Dividends | MITT | 10.0% yield, 1-year raise streak, vs RWTN's 3.4% |
| Momentum (1Y) | MITT | +29.0% vs RWTN's +12.7% |
| Efficiency (ROA) | MITT | 0.4% ROA vs RWTN's -0.3%, ROIC 4.5% vs -0.1% |
RWTN vs MITT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2018
RWTN vs MITT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMITTLAGGINGRWTN
RWTNRedwood Trust, Inc. 9…
1leads
MITTTPG Mortgage Investme…
3leads
6 Total Categories
CATEGORYLEADERvs RWTNMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
MITT3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MITT9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
RWTN2/2
Analyst OutlookRatings, price targets, and dividends
MITT1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — RWTN and MITT each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RWTN is the larger business by revenue, generating $977M annually — 2.0x MITT's $493M. MITT is the more profitable business, keeping 6.8% of every revenue dollar as net income compared to RWTN's -7.2%. On growth, RWTN holds the edge at +184.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| RevenueTrailing 12 months | $977M | $493M |
| EBITDAEarnings before interest/tax | $765M | $457M |
| Net IncomeAfter-tax profit | -$70M | $34M |
| Free Cash FlowCash after capex | $5.8B | $68M |
| Gross MarginGross profit ÷ Revenue | +95.5% | +94.2% |
| Operating MarginEBIT ÷ Revenue | +77.5% | +93.3% |
| Net MarginNet income ÷ Revenue | -7.2% | +6.8% |
| FCF MarginFCF ÷ Revenue | +5.9% | +13.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +184.3% | +20.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -6.5% | -2.3% |
Evenly matched — RWTN and MITT each lead in 3 of 6 comparable metrics.
Valuation Metrics
MITT leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| Market CapShares × price | $3.2B | $249M |
| Enterprise ValueMkt cap + debt − cash | $25.2B | $8.3B |
| Trailing P/EPrice ÷ TTM EPS | -41.10x | 8.71x |
| Forward P/EPrice ÷ next-FY EPS est. | 32.82x | 7.20x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 18.25x |
| Price / SalesMarket cap ÷ Revenue | 11.59x | 0.53x |
| Price / BookPrice ÷ Book value/share | 2.93x | 0.43x |
| Price / FCFMarket cap ÷ FCF | — | 4.18x |
MITT leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
MITT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
MITT delivers a 6.1% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-7 for RWTN. MITT carries lower financial leverage with a 14.45x debt-to-equity ratio, signaling a more conservative balance sheet compared to RWTN's 22.68x. On the Piotroski fundamental quality scale (0–9), MITT scores 3/9 vs RWTN's 1/9, reflecting mixed financial health.
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| ROE (TTM)Return on equity | -6.6% | +6.1% |
| ROA (TTM)Return on assets | -0.3% | +0.4% |
| ROICReturn on invested capital | -0.1% | +4.5% |
| ROCEReturn on capital employed | -0.1% | +6.5% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 3 |
| Debt / EquityFinancial leverage | 22.68x | 14.45x |
| Net DebtTotal debt minus cash | $22.0B | $8.0B |
| Cash & Equiv.Liquid assets | $256M | $76M |
| Total DebtShort + long-term debt | $22.3B | $8.1B |
| Interest CoverageEBIT ÷ Interest expense | -1.48x | 1.12x |
MITT leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — RWTN and MITT each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RWTN five years ago would be worth $12,106 today (with dividends reinvested), compared to $9,650 for MITT. Over the past 12 months, MITT leads with a +29.0% total return vs RWTN's +12.7%. The 3-year compound annual growth rate (CAGR) favors MITT at 23.4% vs RWTN's 6.6% — a key indicator of consistent wealth creation.
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| YTD ReturnYear-to-date | +4.4% | -5.6% |
| 1-Year ReturnPast 12 months | +12.7% | +29.0% |
| 3-Year ReturnCumulative with dividends | +21.1% | +87.9% |
| 5-Year ReturnCumulative with dividends | +21.1% | -3.5% |
| 10-Year ReturnCumulative with dividends | +21.1% | -16.9% |
| CAGR (3Y)Annualised 3-year return | +6.6% | +23.4% |
Evenly matched — RWTN and MITT each lead in 3 of 6 comparable metrics.
Risk & Volatility
RWTN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
RWTN is the less volatile stock with a 0.59 beta — it tends to amplify market swings less than MITT's 0.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RWTN currently trades 98.9% from its 52-week high vs MITT's 84.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.59x | 0.90x |
| 52-Week HighHighest price in past year | $25.77 | $9.27 |
| 52-Week LowLowest price in past year | $8.97 | $6.52 |
| % of 52W HighCurrent price vs 52-week peak | +98.9% | +84.6% |
| RSI (14)Momentum oscillator 0–100 | 65.3 | 50.5 |
| Avg Volume (50D)Average daily shares traded | 8K | 277K |
RWTN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
MITT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, MITT offers the higher dividend yield at 10.04% vs RWTN's 3.44%.
| Metric | RWTNRedwood Trust, In… | MITTTPG Mortgage Inve… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $9.63 |
| # AnalystsCovering analysts | — | 18 |
| Dividend YieldAnnual dividend ÷ price | +3.4% | +10.0% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $0.88 | $0.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.6% | 0.0% |
MITT leads this category, winning 1 of 1 comparable metric.
Key Takeaway
MITT leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). RWTN leads in 1 (Risk & Volatility). 2 tied.
Best OverallTPG Mortgage Investment Tru… (MITT)Leads 3 of 6 categories
Loading custom metrics...
RWTN vs MITT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is RWTN or MITT a better buy right now?
For growth investors, TPG Mortgage Investment Trust Inc (MITT) is the stronger pick with 14.
4% revenue growth year-over-year, versus 13. 3% for Redwood Trust, Inc. 9. 125% Seni (RWTN). TPG Mortgage Investment Trust Inc (MITT) offers the better valuation at 8. 7x trailing P/E (7. 2x forward), making it the more compelling value choice. Analysts rate TPG Mortgage Investment Trust Inc (MITT) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RWTN or MITT?
On forward P/E, TPG Mortgage Investment Trust Inc is actually cheaper at 7.
2x.
03Which is the better long-term investment — RWTN or MITT?
Over the past 5 years, Redwood Trust, Inc.
9. 125% Seni (RWTN) delivered a total return of +21. 1%, compared to -3. 5% for TPG Mortgage Investment Trust Inc (MITT). Over 10 years, the gap is even starker: RWTN returned +21. 1% versus MITT's -16. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RWTN or MITT?
By beta (market sensitivity over 5 years), Redwood Trust, Inc.
9. 125% Seni (RWTN) is the lower-risk stock at 0. 59β versus TPG Mortgage Investment Trust Inc's 0. 90β — meaning MITT is approximately 53% more volatile than RWTN relative to the S&P 500. On balance sheet safety, TPG Mortgage Investment Trust Inc (MITT) carries a lower debt/equity ratio of 14% versus 23% for Redwood Trust, Inc. 9. 125% Seni — giving it more financial flexibility in a downturn.
05Which is growing faster — RWTN or MITT?
By revenue growth (latest reported year), TPG Mortgage Investment Trust Inc (MITT) is pulling ahead at 14.
4% versus 13. 3% for Redwood Trust, Inc. 9. 125% Seni (RWTN). On earnings-per-share growth, the picture is similar: TPG Mortgage Investment Trust Inc grew EPS -26. 8% year-over-year, compared to -293. 8% for Redwood Trust, Inc. 9. 125% Seni. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RWTN or MITT?
TPG Mortgage Investment Trust Inc (MITT) is the more profitable company, earning 10.
3% net margin versus -25. 5% for Redwood Trust, Inc. 9. 125% Seni — meaning it keeps 10. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MITT leads at 96. 9% versus -9. 7% for RWTN. At the gross margin level — before operating expenses — MITT leads at 94. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RWTN or MITT more undervalued right now?
On forward earnings alone, TPG Mortgage Investment Trust Inc (MITT) trades at 7.
2x forward P/E versus 32. 8x for Redwood Trust, Inc. 9. 125% Seni — 25. 6x cheaper on a one-year earnings basis.
08Which pays a better dividend — RWTN or MITT?
All stocks in this comparison pay dividends.
TPG Mortgage Investment Trust Inc (MITT) offers the highest yield at 10. 0%, versus 3. 4% for Redwood Trust, Inc. 9. 125% Seni (RWTN).
09Is RWTN or MITT better for a retirement portfolio?
For long-horizon retirement investors, Redwood Trust, Inc.
9. 125% Seni (RWTN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 59), 3. 4% yield). Both have compounded well over 10 years (RWTN: +21. 1%, MITT: -16. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RWTN and MITT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: RWTN is a small-cap income-oriented stock; MITT is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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