CHMI
Cherry Hill Mortgage Investment Corporation2.5700
+0.0700+2.8%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
95.95MP/E (TTM)
51.40Basic EPS (TTM)
0.05Dividend Yield
0.22%Recent Filings
8-K
Q3 net income rebounds strongly
Cherry Hill Mortgage Investment Corporation posted GAAP net income of $2.0 million, or $0.05 per share, for Q3 2025, up from a $0.9 million loss last quarter, driven by $3.3 million net interest income and $8.5 million net servicing income. Book value rose to $3.36 per share, with unrestricted cash at $55.4 million and leverage at 5.3x. The board declared a $0.10 common dividend, yielding 17.0%. Portfolio grew tactically amid lower rates.
10-Q
Q3 FY2025 results
Cherry Hill Mortgage Investment swung to a Q3 profit of $4.5M, or $0.05 per diluted share, from a $12.4M loss last year, driven by $10.7M unrealized gains on RMBS amid falling rates while net interest income climbed 29% y/y to $3.3M on steady yields. Servicing income held firm at $8.5M despite a slight portfolio dip, but unrealized MSR losses widened to $5.9M from valuation shifts. Liquidity strengthened with $55.4M cash and $64.7M total including restricted, against $1.1B repo debt at 4.3% and $147M notes at ~7.1%; free cash flow not disclosed in the 10-Q. Internalization costs eased, yet competition for mortgage assets pressures spreads.
8-K
CFO Appointment Finalized
Cherry Hill Mortgage Investment Corporation elevated Apeksha Patel from interim to permanent Chief Financial Officer and Treasurer on August 22, 2025. This follows her interim appointment on June 22, 2025, with employment terms unchanged from prior disclosures. The move stabilizes leadership amid ongoing operations. No disruptions expected.
10-Q
Q2 FY2025 results
Cherry Hill Mortgage Investment turned a corner in Q2 FY2025 ended June 30, 2025, posting net income of $1.6M after a Q1 loss, while YTD net loss narrowed to $5.4M from $12.8M profit last year—yet common stockholders still faced a $0.03 per share loss. Net interest income climbed 22% q/q to $2.6M (y/y derived +$2.5M) on steady $14.8M interest income against falling $12.2M expense, but servicing income dipped 0.4% q/q to $9.0M amid portfolio runoff. Derivatives swung to a $14.8M realized gain, offsetting $19.1M unrealized loss, while MSR fair value fell $2.7M on prepayments. Liquidity holds firm with $58.0M cash and $1.1B repurchase availability, backed by $1.1B RMBS and $225M MSRs financed at 7.1-7.2% under extended revolvers; no M&A this quarter. Balance sheet steady at $232M equity. Regulatory scrutiny on REIT status looms large.
8-K
Q2 loss but strong EAD
Cherry Hill Mortgage Investment Corporation reported a Q2 2025 GAAP net loss of $0.9 million, or $0.03 per share, yet delivered earnings available for distribution of $3.2 million, or $0.10 per share, supporting its $0.15 quarterly dividend. The MSR portfolio reached $16.6 billion in unpaid principal balance with a $224.6 million carrying value, while leverage stood at 5.3x and unrestricted cash hit $58.0 million. In May, a subsidiary partnered with Real Genius for digital mortgage tech, bolstering growth amid volatile rates. Equity raised $8.9 million via at-the-market program. Risks persist from unrealized derivative losses.
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