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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Real estate securities, at fair value [1] $ 1,477,486 $ 1,452,494
Other investments [1] 372,130 438,518
Cash and cash equivalents [1] 218,145 175,764
Restricted cash [1] 33,953 29,313
Goodwill and intangible assets [1] 50,999 0
Accrued interest receivable [1] 54,265 47,105
Derivative assets [1] 26,609 35,789
Other assets [1] 334,123 217,825
Total Assets [1] 13,851,586 11,937,406
Liabilities    
Short-term debt, net [1],[2] 2,462,885 2,400,279
Accrued interest payable [1] 47,092 42,528
Derivative liabilities [1] 173,847 84,855
Accrued expenses and other liabilities [1] 117,428 78,719
Asset-backed securities issued, at fair value [1] 6,913,129 5,410,073
Long-term debt, net [1] 2,573,173 2,572,158
Total liabilities [1] 12,287,554 10,588,612
Commitments and Contingencies (see Note 16) [1]
Equity    
Common stock, par value $0.01 per share, 270,000,000 and 180,000,000 shares authorized; 97,715,021 and 84,884,344 issued and outstanding [1] 977 849
Additional paid-in capital [1] 2,013,044 1,811,422
Accumulated other comprehensive income [1] 48,923 61,297
Cumulative earnings [1] 1,495,671 1,409,941
Cumulative distributions to stockholders [1] (1,994,583) (1,934,715)
Total equity [1] 1,564,032 1,348,794
Total Liabilities and Equity [1] 13,851,586 11,937,406
Residential loans, held-for-sale, at fair value    
ASSETS    
Loans, at fair value [1] 1,056,287 1,048,801
Residential loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] 6,227,078 6,205,941
Business purpose residential loans, at fair value    
ASSETS    
Loans, at fair value [1] 250,854 141,258
Multifamily loans, held-for-investment, at fair value    
ASSETS    
Loans, at fair value [1] $ 3,749,657 $ 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 June 30, 2019 and December 31, 2018, assets of consolidated VIEs totaled $7,937,685 and $6,331,191, respectively. At June 30, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $7,189,086 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.