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Two Harbors Invt Corp (TWO)

Two Harbors Invt Corp (TWO)
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Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 412,000 450,150 480,360 295,540 168,600
Sales Growth -8.48% -6.29% +62.54% +75.29% -67.89%
Net Income -454,300 298,170 -106,370 220,240 187,230
Net Income Growth -252.36% +380.31% -148.30% +17.63% +111.49%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 10,859,220 12,204,320 13,138,800 13,466,160 12,114,300
Total Assets Growth -11.02% -7.11% -2.43% +11.16% -37.93%
Total Liabilities 9,071,290 10,081,810 10,935,410 11,282,630 9,370,350
Total Liabilities Growth -10.02% -7.81% -3.08% +20.41% -42.96%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 201,000 343,510 623,400 423,510 631,600
Operating Cash Flow Growth -41.49% -44.90% +47.20% -32.95% -40.23%
Net Cash Flow 22,810 -331,670 -962,170 -557,760 1,029,610
Change in Net Cash Flow +106.88% +65.53% -72.51% -154.17% +98.36%
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