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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Real estate securities, at fair value [1] $ 1,543,152 $ 1,452,494
Other investments [1] 414,198 438,518
Cash and cash equivalents [1] 200,837 175,764
Restricted cash [1] 14,614 29,313
Goodwill and intangible assets [1] 52,895 0
Accrued interest receivable [1] 48,972 47,105
Derivative assets [1] 22,283 35,789
Other assets [1] 285,596 217,825
Total Assets [1] 12,193,359 11,937,406
Liabilities    
Short-term debt, net [1],[2] 2,163,231 2,400,279
Accrued interest payable [1] 39,526 42,528
Derivative liabilities [1] 110,942 84,855
Accrued expenses and other liabilities [1] 119,428 78,719
Asset-backed securities issued, at fair value [1] 5,637,644 5,410,073
Long-term debt, net [1] 2,572,661 2,572,158
Total liabilities [1] 10,643,432 10,588,612
Commitments and Contingencies (see Note 16) [1]
Equity    
Common stock, par value $0.01 per share, 180,000,000 shares authorized; 96,866,464 and 84,884,344 issued and outstanding [1] 969 849
Additional paid-in capital [1] 1,996,358 1,811,422
Accumulated other comprehensive income [1] 52,684 61,297
Cumulative earnings [1] 1,464,405 1,409,941
Cumulative distributions to stockholders [1] (1,964,489) (1,934,715)
Total equity [1] 1,549,927 1,348,794
Total Liabilities and Equity [1] 12,193,359 11,937,406
Residential loans, held-for-sale, at fair value    
ASSETS    
Loans, at fair value [1] 819,221 1,048,801
Residential loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] 6,455,080 6,205,941
Business purpose residential loans, at fair value    
ASSETS    
Loans, at fair value [1] 160,612 141,258
Multifamily loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] $ 2,175,899 $ 2,144,598
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March 31, 2019 and December 31, 2018, assets of consolidated VIEs totaled $6,585,881 and $6,331,191, respectively. At March 31, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $5,925,677 and $5,709,807, respectively. See Note 4 for further discussion.
[2] Includes $201 million of convertible notes, which were reclassified from Long-term debt, net to Short-term debt as the maturity of the notes was less than one year as of November 15, 2018. See Note 13 for further discussion.