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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ABS issued, net, at fair value $ 9,979,891 $ 9,151,263
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 2,990,000 2,990,000
Preferred stock, issued (in shares) 2,800,000 2,800,000
Preferred stock, outstanding (in shares) 2,800,000 2,800,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 392,010,000 392,010,000
Common stock, issued (in shares) 131,870,835 131,485,661
Common stock, outstanding (in shares) 131,870,835 131,485,661
Assets [1] $ 15,057,974 $ 14,504,327
Liabilities [1] 13,833,811 13,301,634
Variable Interest Entity, Primary Beneficiary    
Assets 11,850,461 10,988,885
Liabilities $ 10,921,862 $ 10,096,308
[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, 2024 and December 31, 2023, assets of consolidated VIEs totaled $11,850,461 and $10,988,885, respectively. At March 31, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $10,921,862 and $10,096,308, respectively. See Note 4 for further discussion.