Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 96

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 96
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ivable) for Unsettled RMBSEnd of Period Economic Debt-to-Equity Ratio (1)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 June 30, 2024$9,893,287 $9,973,593 $9,973,593 4.5:1.0 $4,950,762 $— 6.8:1.0 March 31, 2024$10,153,275 $10,283,782 $10,352,896 4.6:1.0 $3,421,932 $(213,264)6.0:1.0 

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(1)Defined as total borrowings under repurchase agreements (excluding those collateralized by U.S. Treasuries), revolving credit facilities, warehouse facilities, term notes payable 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 our changes in stockholders’ equity from December 31, 2024 to March 31, 2025:

(in millions, except per share amounts)Book ValueCommon Shares OutstandingCommon Book Value Per ShareCommon stockholders’ equity at December 31, 2024$1,500.7 103.7 $14.47 Net loss(79.1)Other comprehensive income157.2 Comprehensive income78.1 Dividends on preferred stock(13.2)Comprehensive income attributable to common stockholders64.9 Dividends on common stock(47.2)Other6.5 0.3 Balance before capital transactions1,524