Cherry Hill Mortgage Investment ( (CHMI) ) has released its Q1 earnings. Here is a breakdown of the information Cherry Hill Mortgage Investment presented to its investors.
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Cherry Hill Mortgage Investment Corporation is a real estate finance company that focuses on acquiring, investing in, and managing residential mortgage assets across the United States. The company operates within the mortgage investment sector, leveraging its expertise to deliver risk-adjusted returns to its shareholders.
In its first quarter of 2025, Cherry Hill Mortgage Investment Corporation reported a GAAP net loss of $9.3 million, translating to a loss of $0.29 per share. Despite the loss, the company declared a regular common dividend of $0.15 per share, reflecting an annualized dividend yield of 20.1% based on the stock’s closing price.
The company’s financial performance was marked by a net servicing income of $8.4 million and net interest income of $2.2 million. However, the quarter was impacted by significant unrealized losses on derivatives and investments in servicing-related assets, alongside realized losses on the RMBS portfolio. The company’s leverage ratio stood at 5.2x, with unrestricted cash reserves of $47.3 million.
Looking forward, Cherry Hill’s management remains focused on responsibly growing its portfolio while navigating the macroeconomic environment. The company aims to deliver strong risk-adjusted returns and maximize shareholder value through strategic investments and effective risk management.