Company research
Redwood Enhanced Income Corp.
CIK 1870267
Filing activity
Latest filing
50 filings on record · D, 15-12G, N-54C, 8-K, DEF 14A, PRE 14A.
Recent filings
Show 5 more recent filings
Financials
FY 2024 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 397,772,000Source | 368,869,000Source | 282,400,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 384,000Source | 778,000Source | 2,536,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 182,783,000Source | 160,930,000Source | 144,593,000Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 17,000Source | 16,000Source | 10,000Source |
| Additional Paid in CapitalUSD | 241,020,000Source | 234,688,000Source | 151,392,000Source |
| Retained Earnings (Accumulated Deficit)USD | -26,048,000Source | -26,765,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 214,989,000Source | 207,939,000Source | 137,807,000Source |
| Liabilities and EquityUSD | 397,772,000Source | 368,869,000Source | 282,400,000Source |
| Additional Financial Items | |||
| Long-term DebtUSD | 169,157,000Source | 144,491,000Source | 121,738,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 30,566,000Source | 16,005,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,741,000Source | -85,206,000Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,359,000Source | 82,915,000Source |
| Dividends paid | — | — |
| Repayments of Long-term DebtUSD | 267,741,000Source | 179,180,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -618,000Source | -2,291,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 384,000Source | 1,002,000Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 14,505,000Source | 12,033,000Source |
| Additional Financial Items | ||
| Amortization of Debt Issuance CostsUSD | 1,048,000Source | 961,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 8,586,000Source | -2,850,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 629,000Source | — |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -744,000Source | 13,000Source |
| Gain (Loss) on Sale of DerivativesUSD | -131,000Source | — |
| InterestAndDividendIncomeOperatingPaidInKindUSD | 3,387,000Source | 756,000Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 29,683,000Source | 27,289,000Source |
| Net Income (Loss) Attributable to ParentUSD | 30,566,000Source | 16,005,000Source |
| Payments to Acquire InvestmentsUSD | 280,100,000Source | 184,193,000Source |
| Proceeds from Issuance of Common StockUSD | — | 79,241,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 290,809,000Source | 200,767,000Source |
| Realized Investment Gains (Losses)USD | -7,518,000Source | -7,621,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 760,000Source | -186,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 |
|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | 30,566,000Source | 16,005,000Source |
| Earnings Per Share, BasicUSD per share | 1.84Source | 1.16Source |
| Earnings Per Share, DilutedUSD per share | 1.84Source | 1.16Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 16,652,081Source | 13,777,662Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 16,652,081Source | 13,777,662Source |
| Additional Financial Items | ||
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 8,586,000Source | -2,850,000Source |
| Interest Expense, DebtUSD | 14,713,000Source | — |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | 31,211,000Source | 27,575,000Source |
| Management Fee ExpenseUSD | 3,292,000Source | 2,769,000Source |
| Net Investment IncomeUSD | 31,211,000Source | 27,575,000Source |
| Other Cost and Expense, OperatingUSD | 393,000Source | 388,000Source |
| Realized Investment Gains (Losses)USD | -7,518,000Source | -7,621,000Source |