Two Harbors Investment Corp. operates as a real estate investment trust that focuses on investing in, financing, and managing residential mortgage-backed securities, mortgage servicing rights, commercial real estate assets, and other financial assets. The Company's target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives, and non-agency RMBS collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM mortgage loans, and subprime mortgage loans. Its target assets also comprise floating and fixed rate commercial real estate loans, and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and certain non-hedging transactions.

Type
Public
HQ
New York, US
Founded
2009
Size (employees)
99 (est)
Two Harbors Investment was founded in 2009 and is headquartered in New York, US
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Two Harbors Investment Office Locations

Two Harbors Investment has an office in New York
New York, US (HQ)
575 Lexington Ave, Suite 2930
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Two Harbors Investment Financials and Metrics

Two Harbors Investment Financials

Two Harbors Investment's revenue was reported to be $633.49 m in FY, 2016 which is a 5.2% increase from the previous period.
USD

Revenue (Q1, 2018)

476 m

Gross profit (Q1, 2018)

379.4 m

Gross profit margin (Q1, 2018), %

79.7%

Net income (Q1, 2018)

334.8 m

EBIT (Q1, 2018)

97.5 m

Market capitalization (15-May-2018)

2.7 b

Closing share price (15-May-2018)

15.5

Cash (31-Mar-2018)

388.5 m

EV

3.2 b
Two Harbors Investment's current market capitalization is $2.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

555.6 m577.2 m601.9 m633.5 m

Revenue growth, %

4%4%5%

Cost of goods sold

100.4 m142.2 m221.9 m350.2 m

Gross profit

455.2 m459.8 m411.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

(120.8 m)(4.9 m)254 m286.6 m200.8 m476 m

Cost of goods sold

24.9 m26.1 m25 m24.7 m33.5 m35 m37.1 m41.4 m54 m60.4 m75.4 m90.8 m96.6 m

Gross profit

(145.7 m)(31 m)229.3 m251.6 m140.5 m379.4 m

Gross profit Margin, %

121%634%90%88%70%80%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

26.1 m163.9 m360 m821.1 m1 b1 b737.8 m406.9 m419.2 m

Accounts Receivable

50.3 m65.5 m50 m62.8 m

Inventories

Total Assets

17.2 b21.1 b14.6 b20.1 b24.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

723.2 m1.5 b1.2 b1.2 b1 b933.6 m811.8 m754.8 m692.2 m688.4 m405.1 m651.7 m388.5 m

Total Assets

17.2 b17.4 b17.8 b19.2 b21.7 b18.4 b17.8 b16.7 b20.7 b21.8 b24.3 b23.8 b24.1 b

Dividends Payable

102 m95.2 m95.2 m95.2 m95.3 m95.6 m95.5 m79.9 m80 m80 m87.2 m95 m96.2 m

Long-term debt

464.5 m1.5 b1.5 b2.6 b3 b3.7 b4 b4 b4 b3.6 b3.2 b865 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.7 k167.1 m492.2 m353.3 m

Inventories

Accounts Payable

Cash From Operating Activities

(454.7 m)(764.1 m)(1.9 b)606.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(530 )(80 )39.7 m193.6 m94.8 m221.5 m(34.8 m)(88.9 m)(17 m)117.8 m72 m

Accounts Payable

16.5 m14.9 m

Cash From Operating Activities

203.1 m

Cash From Investing Activities

508.1 m
USDY, 2018

EV/EBIT

32.9 x

EV/CFO

15.8 x

Revenue/Employee

4.8 m

Financial Leverage

6.9 x
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