The earnings call presented a balanced view of the company's performance with both positive aspects such as strong liquidity and reduced expenses, and negative outcomes including a GAAP net loss and decreased book value per share. The anticipation of lower future earnings available for distribution adds to the cautious outlook.
Company Guidance
During Cherry Hill Mortgage Investment Corporation's first quarter 2025 earnings call, management provided guidance amidst a volatile market environment influenced by changes in policy and economic uncertainty. The company reported a GAAP net loss applicable to common stockholders of $0.29 per diluted share, with book value per common share decreasing to $3.58 from $3.82 at the end of December 2024. The MSR portfolio had a UPB of $17 billion and a market value of approximately $227 million, while the RMBS portfolio stood at approximately $733 million. The RMBS portfolio's weighted average three-month CPR was 5.8%, slightly up from 5.7% in the previous quarter. Financial leverage remained consistent at 5.2x, and unrestricted cash on the balance sheet was $47 million. The company completed its first full quarter as an internally managed mortgage REIT, with operating expenses declining due to the elimination of the management fee. Looking forward, management expects continued market volatility and plans to focus on deploying capital into Agency RMBS and select MSRs, maintaining strong liquidity and prudent leverage.
Solid Liquidity Profile
Ended the quarter with $47 million of unrestricted cash on the balance sheet, maintaining a solid liquidity profile.
Reduced Operating Expenses
Operating expenses declined quarter-over-quarter due to the elimination of the management fee. This is part of the company's strategy to improve both expense ratio and capital structure over time.
RMBS Portfolio Performance
RMBS portfolio's weighted average three-month CPR was approximately 5.8%, with a net interest spread of 3.55%, higher than the prior quarter.
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Cherry Hill Mortgage (CHMI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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CHMI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 06, 2025
$2.94
$2.95
+0.34%
Mar 06, 2025
$3.20
$3.42
+6.87%
Nov 12, 2024
$2.88
$2.59
-10.07%
Aug 08, 2024
$3.16
$3.07
-2.85%
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.
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FAQ
When does Cherry Hill Mortgage Investment (CHMI) report earnings?
Cherry Hill Mortgage Investment (CHMI) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Cherry Hill Mortgage Investment (CHMI) earnings time?
Cherry Hill Mortgage Investment (CHMI) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.