Cherry Hill Mortgage Investment (CHMI)
NYSE:CHMI
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced tone: management highlighted prudent risk management (hedges, stable leverage, $47M cash), resilience in MSR valuation, improved RMBS net interest spreads and near-term recovery in book value, but results were materially impacted by geopolitical-driven market volatility leading to a 6.1% q/q book value decline, GAAP and comprehensive losses, and elevated uncertainty about future spread movements. Positives such as liquidity, hedging, portfolio composition, and post-quarter book-value recovery offset but did not fully outweigh the quarter's mark-to-market losses and macro-driven risks.Company Guidance
Risk Management and Hedging Maintained
Management acted quickly to manage interest rate exposure in March, holding combined interest-rate derivative notional of approximately $396 million (swaps, TBAs, treasury futures, swap futures). Financial leverage remained prudent and stable at 5.5x and the hedge strategy was described as intact, helping mitigate book value impact through the quarter.
Strong Liquidity Position
Company finished the quarter with $47 million of unrestricted cash on the balance sheet, providing a solid liquidity profile to support operations and potential opportunistic investments.
MSR Portfolio Size and Resilience
Servicing portfolio UPB was $15.6 billion with a market value of approximately $213 million. MSR and related net assets represented ~41% of equity capital and ~21% of investable assets (ex-cash). MSR net CPR averaged ~4.5% (down modestly), and recapture remained de minimis, indicating limited refinance incentive in the portfolio.
RMBS Portfolio Contribution and Improved Net Interest Margin
RMBS constituted ~42% of equity capital (~79% of investable assets ex-cash). RMBS net interest spread improved to 2.9% for the quarter (higher than the prior quarter), aided by lower repo/financing costs (financing rate declined to 3.78% from 3.99%) and improved dollar roll income.
Operational Results: EAD and Dividends
Earnings available for distribution (EAD) attributable to common stockholders were $5.3 million or $0.14 per share. The Board declared and paid a common dividend of $0.10 per share for the quarter and paid preferred dividends of $0.5125 (Series A) and $0.5978 (Series B).
Post-Quarter Improvement in Book Value and Opportunity Returns
Management reported April 30 book value per share increased nearly 2% from March 31 (excluding any Q2 dividend accrual). Management also provided illustrative levered return expectations if stabilization persists: RMBS roughly mid-teens to high-teens (%) and MSR roughly 10–12% on a levered basis.
Strategic Partnership Progress
The strategic partnership and investment with Real Genius, a digital mortgage technology company, continues to progress in line with expectations, representing potential strategic upside.
CHMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CHMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $2.59 | $2.59 | 0.00% |
Feb 25, 2026 | $2.49 | $2.53 | +1.57% |
Nov 06, 2025 | $2.14 | $2.19 | +2.57% |
Aug 07, 2025 | $2.48 | $2.53 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cherry Hill Mortgage Investment (CHMI) report earnings?
Cherry Hill Mortgage Investment (CHMI) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Cherry Hill Mortgage Investment (CHMI) earnings time?
Cherry Hill Mortgage Investment (CHMI) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHMI EPS forecast?
CHMI EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.