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XNYSTWOpB
Market cap1.22bUSD
Dec 26, Last price  
23.58USD
1D
-0.17%
1Q
-5.87%
IPO
-6.91%
Name

Two Harbors Investment Corp

Chart & Performance

D1W1MN
XNYS:TWOpB chart

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.
URL
https://www.twoharborsinvestment.com/
IPO date
Oct 29, 2009
Employees
97
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
257,077
-36.86%
407,180
59.54%
255,219
-116.34%
Cost of revenue
148,353
123,451
98,841
Unusual Expense (Income)
NOPBT
108,724
283,729
156,378
NOPBT Margin
42.29%
69.68%
61.27%
Operating Taxes
22,978
104,213
4,192
Tax Rate
21.13%
36.73%
2.68%
NOPAT
85,746
179,516
152,186
Net income
(106,371)
-148.30%
220,239
17.63%
187,227
-111.49%
Dividends
(246,600)
(290,360)
(257,149)
Dividend yield
18.50%
19.16%
14.95%
Proceeds from repurchase of equity
253,805
(44,788)
175,651
BB yield
-19.04%
2.96%
-10.21%
Debt
Debt current
1,329,171
1,118,831
420,761
Long-term debt
881,795
1,311,506
1,524,153
Deferred revenue
11,282,635
9,370,352
Other long-term liabilities
10,204,117
(821,603)
Net debt
(6,626,925)
(13,810,610)
(13,532,348)
Cash flow
Cash from operating activities
343,509
623,402
423,510
CAPEX
(629,810)
(742,153)
Cash from investing activities
(195,783)
(2,751,281)
6,313,937
Cash from financing activities
(479,398)
1,165,714
(7,295,208)
FCF
(1,868,372)
(20,381)
(493,675)
Balance
Cash
794,833
8,462,213
8,315,559
Long term investments
8,043,058
7,778,734
7,161,703
Excess cash
8,825,037
16,220,588
15,464,501
Stockholders' equity
(3,722,034)
5,813,371
4,863,727
Invested Capital
15,943,822
19,656,244
16,220,088
ROIC
0.48%
1.00%
0.78%
ROCE
0.89%
2.00%
1.25%
EV
Common stock shares outstanding
95,672
96,076
74,511
Price
13.93
-11.67%
15.77
-31.67%
23.08
-9.42%
Market cap
1,332,713
-12.04%
1,515,121
-11.90%
1,719,711
-1.33%
EV
(4,680,999)
(2,388,646)
(3,365,134)
EBITDA
108,724
363,523
150,418
EV/EBITDA
Interest
643,225
258,395
89,173
Interest/NOPBT
591.61%
91.07%
57.02%