Cherry Hill Q2 GAAP net loss $0.03/share; EAD $0.16/share; book value $5.19

Cherry Hill Mortgage Investment Corp

2023-Q2 EPS reported -$0.88

GAAP net loss of $0.9M ($0.03/share) vs EAD of $4.2M ($0.16/share); common book value $5.19 at June 30.
Regular common dividend declared at $0.15/share; annualized yield 14.2% based on Aug 2 close.
Aggregate portfolio leverage 4.4x; unrestricted cash $53.0M; MSR portfolio UPB $20.8B.
Net servicing income $11.0M offset by net interest expense $0.6M and other loss $4.4M from RMBS losses.
Management sees improving opportunities in RMBS as volatility recedes.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cherry Hill Mortgage Investment Corp reported second quarter 2023 results: net income GAAP net loss applicable to common stockholders of $0.9 million, or $0.03 per share, EPS $0.03 per basic and diluted weighted average common share outstanding.

Period: second quarter 2023
Net income: GAAP net loss applicable to common stockholders of $0.9 million, or $0.03 per share
EPS: $0.03 per basic and diluted weighted average common share outstanding
Result: reported results

Exact text from the filing

Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the second quarter 2023.

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Source: SEC EDGAR

accession 0001140361-23-037888

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