Two Harbors Investment Corp. The company is headquartered in Saint Louis Park, Minnesota.
| Revenue (TTM) | $493.78M |
| Gross Profit (TTM) | $482.40M |
| EBITDA | — |
| Operating Margin | 27.60% |
| Return on Equity | -17.70% |
| Return on Assets | -2.83% |
| Revenue/Share (TTM) | $4.73 |
| Book Value | $10.76 |
| Price-to-Book | — |
| Price-to-Sales (TTM) | — |
| EV/Revenue | - |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 1569.00% |
| Shares Outstanding | 0 |
| Float | $104.01M |
| % Insiders | 0.00% |
| % Institutions | 0.00% |
Volatility is currently expanding
Two Harbors' baby bond TWOD offers a 9.375% coupon and trades just above par, presenting an attractive yield-to-maturity opportunity. I expect a likely CrossCountry acquisition to trigger a repurchase at $25.25 plus accrued interest, enhancing short-term returns to about 9.4% annualized. TWOD boasts a robust 11.14x common equity-to-baby bond coverage ratio, among the strongest in the mortgage REIT sector.
Two Harbors Investment Corp. (TWO) Q1 2026 Earnings Call Transcript
