Company Quick10K Filing
Two Harbors Investment
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 273 $3,651
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-27 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-02-27 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-02-28 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-04 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-04 Annual: 2009-12-31
8-K 2020-02-05 Earnings, Exhibits
8-K 2020-01-02 Officers
8-K 2019-11-19 Regulation FD, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-09-30 Other Events, Exhibits
8-K 2019-08-22 Regulation FD, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-08-06 Officers, Regulation FD, Exhibits
8-K 2019-07-01 Other Events, Exhibits
8-K 2019-05-20 Shareholder Vote
8-K 2019-05-16 Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-03-28 Other Events, Exhibits
8-K 2019-03-18 Enter Agreement, Other Events, Exhibits
8-K 2019-03-14 Regulation FD, Exhibits
8-K 2019-03-04 Regulation FD, Exhibits
8-K 2019-02-08 Enter Agreement, Leave Agreement, Other Events, Exhibits
8-K 2019-02-06 Earnings, Exhibits
8-K 2019-02-01 Officers
8-K 2018-12-27 Other Events, Exhibits
8-K 2018-12-14 Officers
8-K 2018-11-20 Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-05 Officers, Regulation FD, Exhibits
8-K 2018-10-01 Other Events, Exhibits
8-K 2018-09-14 Officers
8-K 2018-08-27 Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-31 M&A, Shareholder Rights, Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2018-07-27 Shareholder Vote, Other Events, Exhibits
8-K 2018-07-20 Other Events, Exhibits
8-K 2018-07-17 Other Events, Exhibits
8-K 2018-07-13 Other Events, Exhibits
8-K 2018-06-28 Other Events, Exhibits
8-K 2018-06-12 Other Events, Exhibits
8-K 2018-06-05 Regulation FD, Exhibits
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-04-25 Enter Agreement, Exhibits, Enter Agreement
8-K 2018-04-25 Regulation FD, Other Events, Regulation FD, Exhibits
8-K 2018-03-29 Other Events, Exhibits
8-K 2018-03-21 Regulation FD, Exhibits
8-K 2018-03-12 Other Events, Exhibits
8-K 2018-02-06 Earnings, Exhibits

Two Harbors Investment Financials

TWO Metrics, Comps, Filings

Annual | Quarterly

Business

Two Harbors Investment Corp. is a Maryland corporation focused on investing in, financing and managing Agency residential mortgage-backed securities, or Agency RMBS, non-Agency securities, mortgage servicing rights, or MSR, and other financial assets, which we collectively refer to as our target assets. We operate as a real estate investment trust, or REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code. The terms "Two Harbors," "we," "our," "us" and the "company" refer to Two Harbors Investment Corp. and its subsidiaries as a consolidated entity.

We were incorporated on May 21, 2009 and commenced operations as a publicly traded company on October 28, 2009, upon completion of a merger with Capitol Acquisition Corp., or Capitol, which became our wholly owned indirect subsidiary as a result of the merger. Our common stock is listed on the New York Stock Exchange, or NYSE, under the symbol "TWO".

Our objective is to provide attractive risk-adjusted total return to our stockholders over the long term, primarily through dividends and secondarily through capital appreciation. We selectively acquire and manage an investment portfolio of our target assets, which is constructed to generate attractive returns through market cycles. We focus on asset selection and implement a relative value investment approach across various sectors within the mortgage market. Our target assets include the following:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
CoreSite Realty (COR) 4,209 53% 19.3 5% 2,001 1,725 560 298 103 286 5,523
Cousins Properties (CUZ) 4,159 66% 20.9 1% 6,677 2,307 516 342 56 286 5,987
Ryman Hospitality Properties (RHP) 4,065 40% 7.2 7% 3,852 3,417 1,431 577 251 538 3,896
Pebblebrook Hotel Trust (PEB) 4,045 36% 30.5 -0% 6,833 3,126 808 294 -5 212 6,475
Hospitality Properties Trust (HPT) 4,021 39% 4.7 3% 7,178 4,520 2,289 885 243 848 3,967
Equity Commonwealth (EQC) 4,014 0% 1.5 14% 3,702 67 165 0 501 560 831
Rayonier (RYN) 3,980 24% 18.5 3% 2,861 1,360 743 177 84 261 4,821
Outfront Media (OUT) 3,880 0% 11.7 3% 5,665 4,530 1,698 0 160 483 5,650
Stag Industrial (STAG) 3,815 0% 17.3 2% 3,462 1,499 375 0 76 301 5,203
Sabra Health Care REIT (SBRA) 3,686 0% 24.3 0% 6,123 2,863 647 0 22 260 6,316
Weingarten Realty Investors (WRI) 3,662 0% 13.2 7% 3,888 2,093 502 0 253 396 5,242
Two Harbors Investment (TWO) 3,651 23.7 -2% 34,340 29,471 0 0 -635 133 3,144
Chimera Investment (CIM) 3,536 3.5 1% 27,638 23,669 0 0 231 1,001 3,482
Apple Hospitality REIT (APLE) 3,515 43% 14.0 4% 4,989 1,637 1,272 553 197 350 4,882
Paramount Group (PGRE) 3,433 0% 15.8 1% 8,854 4,040 764 0 62 425 6,698
Physicians Realty Trust (DOC) 3,414 0% 18.1 1% 4,172 1,720 411 0 54 273 4,950
National Health Investors (NHI) 3,372 0% 23.3 5% 2,997 1,578 303 0 154 207 4,839
MFA Financial (MFA) 3,326 5.1 2% 13,208 9,805 0 0 330 626 3,207
Apollo Commercial Real Estate Finance (ARI) 3,238 9.7 4% 5,624 2,953 0 0 244 378 3,681
American Assets Trust (AAT) 3,190 63% 16.7 2% 2,719 1,427 335 211 51 188 3,135

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1673021,025337263408636688
Accounts Receivable
Inventory
PP&E0123321
Assets8,10016,81417,17421,08414,57620,11224,78930,132
Accounts Payable
Long-Term Debt6401,2102,0003,0370284
Liabilities6,83013,36313,31917,01610,99916,71121,21825,878
Stockholders' Equity1,2703,4513,8554,0683,5773,4013,5714,254
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A71530
Tax-1-428463-5-142
Net Income127352-44
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating152163-455-764-1,937240607703
Cash Investing-6,333-6,907513-2,6987,988-5,816-9,4844,790
Cash Financing6,3777,2051463,443-6,3195,2459,117-5,450