Cherry Hill Q4 2023 GAAP net loss $35.5M, EAD $0.17/share; book value $4.53

Cherry Hill Mortgage Investment Corp

GAAP net loss of $35.5M ($1.29 per share) vs Q3 profit of $13.1M ($0.49 per share).
Earnings available for distribution (EAD) of $4.5M, or $0.17 per diluted share, up from $0.16 in Q3.
Common book value per share fell to $4.53 at Dec 31, 2023; declared $0.15/common dividend.
Board authorized $50M preferred stock repurchase program; $6.1M repurchased as of March 7, 2024.
Aggregate portfolio leverage at 4.2x; unrestricted cash $52.9M at quarter-end.

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 0.85

Cherry Hill Mortgage Investment Corp reported financial results for fourth quarter and full year 2023.

Period: fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On March 7, 2024, Cherry Hill Mortgage Investment Corporation (the “Company”) reported its results of operations for the quarter ended December 31, 2023.

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Cherry Hill Mortgage Investment Corp filing history →

Source: SEC EDGAR

accession 0001140361-24-011953

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