earnings
confidence high
sentiment negative
materiality 0.65
Cherry Hill Q2 GAAP net loss $0.06/shr; EAD $0.08/shr; book value $4.15; internalization approved
Cherry Hill Mortgage Investment Corp
2024-Q2 EPS reported
$0.26
- GAAP net loss applicable to common $1.9M ($0.06/shr); prior Q GAAP net income $9.7M ($0.32/shr).
- EAD attributable to common $2.3M ($0.08/shr) vs Q1 $4.0M ($0.13/shr); includes $1.7M special committee expenses.
- Book value per share $4.15 at June 30; regular common dividend $0.15/shr declared; preferred stock buyback $9.4M completed.
- Sold ~$1.2B UPB of low-balance MSRs; portfolio leverage 4.9x; unrestricted cash $52.4M.
- Board authorized internalizing management in July to reduce expenses and align with stockholders.