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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
ABS issued, net, At fair value |  | $ 9,151,263 | $ 7,424,132
Preferred stock, par value (in dollars per share) |  | $ 0.01 | $ 0.01
Preferred stock, authorized (in shares) |  | 2,990,000 | 0
Preferred stock, issued (in shares) |  | 2,800,000 | 0
Preferred stock, outstanding (in shares) |  | 2,800,000 | 0
Common stock, par value (in dollars per share) |  | $ 0.01 | $ 0.01
Common stock, authorized (in shares) |  | 392,010,000 | 395,000,000
Common stock, issued (in shares) |  | 131,485,661 | 113,484,675
Common stock, outstanding (in shares) |  | 131,485,661 | 113,484,675
Assets | [1] | $ 14,504,327 | $ 13,030,899
Variable Interest Entity, Primary Beneficiary |  |  |
Assets |  | 10,988,885 | 9,257,291
Liabilities |  | $ 10,096,308 | $ 8,270,276
[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 December 31, 2023 and 2022, assets of consolidated VIEs totaled $10,988,885 and $9,257,291, respectively. At December 31, 2023 and 2022, liabilities of consolidated VIEs totaled $10,096,308 and $8,270,276, respectively. See Note 4 for further discussion.

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