ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Two Harbors Investments Corp. (TWO) on Wednesday reported a loss of $270.2 million in its fourth quarter.
The St. Louis Park, Minnesota-based company said it had a loss of $3.04 per share. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The real estate investment trust that invests in mortgage-backed securities posted revenue of $99.3 million in the period. Its adjusted revenue was -$16.3 million.
For the year, the company reported profit of $220.2 million, or $2.13 per share. Revenue was reported as $37.1 million.