Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 273

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 273
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.8:1.0 $4,391,419 $(133,405)7.2:1.0 June 30, 2025$10,477,013 $10,175,579 $10,737,324 5.4:1.0 $3,009,819 $108,474 7.0:1.0 March 31, 2025$9,995,726 $10,942,563 $10,942,563 5.1:1.0 $3,001,672 $(643,896)6.2:1.0 December 31, 2024$9,566,487 $9,087,489 $10,293,529 4.3:1.0 $4,493,055 $269,370 6.5:1.0 September 30, 2024$10,028,325 $10,025,403 $10,061,801 4.6:1.0 $5,060,417 $85,366 7.0:1.0 

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(1)Defined as total borrowings under repurchase agreements (excluding those collateralized by U.S. Treasuries), revolving credit facilities, warehouse lines of credit, term notes payable, senior notes and convertible senior notes, plus implied debt on net TBA cost basis and net payable (receivable) for unsettled RMBS, divided by total equity.

Equity

The following table provides details of changes in our stockholders’ equity from June 30, 2025 to September 30, 2025:

(in millions, except per share amounts)Book ValueCommon Shares OutstandingCommon Book Value Per ShareCommon stockholders’ equity at June 30, 2025$1,264.2 104.1 $12.14 Net loss(127.9)Other comprehensive income61.0 Comprehensive loss(66.9)Dividends on preferred stock(13.3)Comprehensive loss attributable to common stockholders(80.2)Dividends on common stock(35.7)Other1.5 — Balance before capital transactions1,149.8 104.1 Issuance of common stock, net of offering costs0.1 — Common stockholders’ equity at September 30, 2025$1,149.9