earnings
confidence high
sentiment neutral
materiality 0.50
Cherry Hill Q2 2021 GAAP net loss $0.81/sh; core earnings $0.28 cover dividend
Cherry Hill Mortgage Investment Corp
2021-Q2 EPS reported
$0.26
- GAAP net loss applicable to common stockholders of $13.8M ($0.81/sh); core earnings of $4.7M ($0.28/sh).
- Book value per share $9.63 at June 30; declared $0.27/sh common dividend (11.8% annualized yield).
- MSR portfolio UPB $21.5B, carrying value $212M; RMBS portfolio ~$1.0B, weighted avg coupon 3.07%.
- Net interest income $6.6M, net servicing income $9.7M; realized loss on derivatives $10.1M, unrealized loss on Servicing Related Assets $20.5M.