Cherry Hill Mortgage Investment Corp
NYSE:CHMI

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Cherry Hill Mortgage Investment Corp Logo
Cherry Hill Mortgage Investment Corp
NYSE:CHMI
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Price: 2.68 USD 0.37% Market Closed
Market Cap: $98.5m

Cherry Hill Mortgage Investment Corp
Investor Relations

Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company is headquartered in Wall Township, New Jersey and currently employs 0 full-time employees. The company went IPO on 2013-10-04. The firm is focused on the acquiring, investing in, and managing of residential mortgage assets in the United States. The Company’s principal objective is to generate yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. Its segments include investments in RMB and investments in Servicing Related Assets. The firm focuses on attaining this objective by selectively constructing and managing a targeted portfolio of Servicing Related Assets and residential mortgage-backed securities (RMBS). The firm may also invest in other cash-flowing residential mortgage assets. The firm is managed by Cherry Hill Mortgage Management, LLC.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Net Income: Cherry Hill reported GAAP net income of $0.14 per diluted share for Q4 2025.

Book Value: Book value per common share rose to $3.44 from $3.36 at the end of Q3.

Portfolio Performance: Performance was helped by tighter mortgage spreads and a steeper yield curve, with all portfolio components contributing.

Liquidity & Leverage: Ended the quarter with $55 million in unrestricted cash and leverage stable at 5.4x.

Dividend: Declared a $0.10 per share common dividend, paid in January 2026.

Expense Normalization: Operating expenses dropped about 30% quarter-over-quarter, returning to normalized levels after prior nonrecurring personnel costs.

2026 Outlook: Management remains optimistic about further growth, with a focus on prudent leverage and liquidity, and expects a 1% book value increase for Q1 2026.

Market Conditions: Entering 2026, management noted tighter spreads in January, followed by some widening and a softer market tone in February.

Key Financials
Net Income
$5.3 million
Net Income per Share
$0.14
Comprehensive Income
$6.5 million
Comprehensive Income per Share
$0.18
Earnings Available for Distribution
$3.9 million
Earnings Available for Distribution per Share
$0.11
Book Value per Share
$3.44
Financial Leverage
5.4x
Unrestricted Cash
$55 million
Dividend per Common Share
$0.10
Dividend per Series A Preferred Share
$0.5125
Dividend per Series B Preferred Share
$0.6259
MSR Portfolio UPB
$15.9 billion
MSR Market Value
$215 million
MSR Net CPR
5.1%
RMBS Portfolio
$805 million
RMBS Prepayment Speed (CPR)
8.5%
RMBS Net Interest Spread
2.52%
Operating Expenses
$3.3 million
Derivatives Notional Amount
$422 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey B. Lown II
President, CEO & Director
No Bio Available
Mr. Michael Andrew Hutchby
CFO, Treasurer, Secretary & Head of Investor Relations
No Bio Available
Robert Wipperman
General Counsel
No Bio Available
Mr. Raymond Slater
Senior VP & MSR Portfolio Manager
No Bio Available

Contacts

Address
NEW JERSEY
Wall Township
1451 State Route 34 Ste 303
Contacts
+18566262663.0
www.chmireit.com
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