TWOD
What one share of Two Harbors Investment holds
Real Estate Investment Trusts
We seek to leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our portfolio of MSR and Agency RMBS. Our objective is to deliver more stable performance, relative to RMBS portfolios without MSR, across changing market environments, and we are acutely focused on creating sustainable stockholder value over the long term.
Two Harbors Investment’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-03-31; the balance sheet is as of 2026-03-31.
| Profit | −$3.80 |
|---|---|
| Dividends | $1.41 |
| Cash and investments | $4.53 |
| Debt | $78.88 |
| Book value | $16.48 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | — | −$3.05 | — | −$3.96 | $2.08 | $42.45 |
| 2010 | — | $12.78 | — | $11.84 | $11.84 | $75.54 |
| 2011 | — | $10.32 | — | $12.28 | $12.80 | $72.27 |
| 2012 | — | $9.63 | — | $5.35 | $13.68 | $92.38 |
| 2013 | — | $13.20 | — | −$10.39 | $9.36 | $84.51 |
| 2014 | — | $3.67 | — | −$14.58 | — | $88.82 |
| 2015 | — | $10.78 | — | −$42.42 | — | $80.85 |
| 2016 | — | $8.12 | — | $5.51 | — | $78.26 |
| 2017 | — | $7.26 | — | $12.90 | — | $81.87 |
| 2018 | — | −$2.13 | — | $13.65 | — | $68.60 |
| 2019 | — | $3.71 | — | $15.78 | — | $72.84 |
| 2020 | — | −$24.94 | — | $9.23 | — | $45.14 |
| 2021 | — | $1.72 | — | $5.68 | — | $31.91 |
| 2022 | — | $2.13 | — | $6.49 | $2.64 | $25.26 |
| 2023 | — | −$1.60 | — | $3.59 | $1.95 | $21.35 |
| 2024 | — | $2.37 | — | $1.78 | $1.80 | $20.47 |
| 2025 | — | −$4.88 | — | $0.85 | $1.52 | $17.06 |