Two Harbors Investment Corp (N:TWO)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1601 Utica Avenue South Suite 900, St. Louis Park MINNETONKA MD 55416 |
| Tel: | N/A |
| Website: | https://www.twoharborsinvestment.com |
| IR: | See website |
| Key People | ||
| William Ross Greenberg President, Chief Executive Officer, Director | Mary Kathryn Riskey Chief Financial Officer, Vice President | Matt Keen Chief Technology Officer, Vice President |
| Alecia Hanson Chief Administrative Officer, Vice President | Nicholas Letica Chief Investment Officer, Vice President | Rebecca B. Sandberg Chief Compliance Officer, Vice President, General Counsel, Company Secretary |
| Robert Rush Chief Risk Officer, Vice President | Jason Vinar Vice President and Head of Mortgage Servicing and Operations | |
| Business Overview |
| Two Harbors Investment Corp. is a real estate investment trust (REIT) that invests in mortgage servicing rights (MSR), residential mortgage-backed securities and other financial assets. The Company, through its operational platform, RoundPoint Mortgage Servicing LLC, is a servicer of conventional loans. The Company, through its subsidiary, Matrix Financial Services Corporation, holds the requisite approvals from Fannie Mae and Freddie Mac to own and manage MSR. Its Agency residential mortgage-backed securities portfolio is comprised of fixed rate mortgage-backed securities backed by single-family and multi-family mortgage loans. Its other assets may include financial and mortgage-related assets other than its target assets, including non-Agency securities (securities that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac), other Agency securities and certain non-hedging transactions that may produce non-qualifying income for purposes of REIT gross income tests. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Two Harbors Investment Corp revenues increased 1% to $770M. Net loss applicable to common stockholders totaled $153.2M vs. income of $185.6M. Revenues reflect Total realized (losses) gains on sales increase of 79% to -$118.9M, Realized G/L on Investments Securities increase of 43% to -$209.5M. Net loss reflects Compensation and benefits increase of 30% to $52.9M (expense). |
| Employees: | 466 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11,028M as of Dec 31, 2023 |
| Annual revenue (TTM): | $769.95M as of Dec 31, 2023 |
| EBITDA (TTM): | -$57.58M as of Dec 31, 2023 |
| Net annual income (TTM): | -$153.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | $96.91M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $9,183M as of Dec 31, 2023 |
| Shares outstanding: | 103,474,059 as of Mar 20, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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