XNYS
TWOpA
Market cap1.24bUSD
May 20, Last price
23.05USD
1D
0.17%
1Q
-6.30%
IPO
-8.46%
Name
Two Harbors Investment Corp
Chart & Performance
Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
IPO date
Oct 29, 2009
Employees
97
Domiciled in
US
Incorporated in
US
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | ||||||||||
Revenues | 257,077 -36.86% | 407,180 59.54% | ||||||||
Cost of revenue | 179,506 | 148,353 | 123,451 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | (179,506) | 108,724 | 283,729 | |||||||
NOPBT Margin | 42.29% | 69.68% | ||||||||
Operating Taxes | 46,586 | 22,978 | 104,213 | |||||||
Tax Rate | 21.13% | 36.73% | ||||||||
NOPAT | (226,092) | 85,746 | 179,516 | |||||||
Net income | 251,676 -336.60% | (106,371) -148.30% | 220,239 17.63% | |||||||
Dividends | (47,364) | (246,600) | (290,360) | |||||||
Dividend yield | 3.86% | 18.50% | 19.16% | |||||||
Proceeds from repurchase of equity | 244 | 253,805 | (44,788) | |||||||
BB yield | -0.02% | -19.04% | 2.96% | |||||||
| Debt | ||||||||||
Debt current | 1,329,171 | 1,118,831 | ||||||||
Long-term debt | 260,229 | 881,795 | 1,311,506 | |||||||
Deferred revenue | 11,282,635 | |||||||||
Other long-term liabilities | 10,204,117 | |||||||||
Net debt | (7,616,095) | (6,626,925) | (13,810,610) | |||||||
| Cash flow | ||||||||||
Cash from operating activities | 201,004 | 343,509 | 623,402 | |||||||
CAPEX | (629,810) | |||||||||
Cash from investing activities | (195,783) | (2,751,281) | ||||||||
Cash from financing activities | (1,073,475) | (479,398) | 1,165,714 | |||||||
FCF | (217,625) | (1,868,372) | (20,381) | |||||||
| Balance | ||||||||||
Cash | 7,876,324 | 794,833 | 8,462,213 | |||||||
Long term investments | 8,043,058 | 7,778,734 | ||||||||
Excess cash | 7,876,324 | 8,825,037 | 16,220,588 | |||||||
Stockholders' equity | 281,980 | (3,722,034) | 5,813,371 | |||||||
Invested Capital | 11,128,977 | 15,943,822 | 19,656,244 | |||||||
ROIC | 0.48% | 1.00% | ||||||||
ROCE | 0.89% | 2.00% | ||||||||
| EV | ||||||||||
Common stock shares outstanding | 103,635 | 95,672 | 96,076 | |||||||
Price | 11.83 -15.08% | 13.93 -11.67% | 15.77 -31.67% | |||||||
Market cap | 1,226,007 -8.01% | 1,332,713 -12.04% | 1,515,121 -11.90% | |||||||
EV | (5,788,621) | (4,680,999) | (2,388,646) | |||||||
EBITDA | (179,506) | 108,724 | 363,523 | |||||||
EV/EBITDA | 32.25 | |||||||||
Interest | 607,806 | 643,225 | 258,395 | |||||||
Interest/NOPBT | 591.61% | 91.07% | ||||||||