earnings
confidence high
sentiment neutral
materiality 0.50
Cherry Hill Q1 GAAP net income $0.32/sh; EAD $0.13/sh; book value $4.49
Cherry Hill Mortgage Investment Corp
2024-Q1 EPS reported
$0.32
- GAAP net income applicable to common stockholders of $9.7M ($0.32/share) vs. loss of $35.5M in Q4 2023.
- EAD attributable to common stockholders $4.0M ($0.13/diluted share), down from $0.17 last quarter.
- Common book value per share $4.49 at March 31, 2024; declared $0.15/common share dividend.
- Preferred stock repurchases: 372,000 Series B shares for $9.3M; $41.2M remaining.
- Aggregate portfolio leverage 4.5x; MSR portfolio UPB $19.6B.