earnings
confidence high
sentiment neutral
materiality 0.60
Cherry Hill Q4 GAAP EPS $0.29, EAD $0.10; book value $3.82, dividend $0.15
Cherry Hill Mortgage Investment Corp
- GAAP net income applicable to common stockholders $9.1M ($0.29 diluted) for Q4 2024; prior quarter net loss $14.8M.
- Earnings available for distribution (EAD) $3.3M ($0.10 diluted); common dividend declared $0.15 per share.
- Book value per common share $3.82 at Dec 31, 2024; aggregate leverage 5.3x; unrestricted cash $46.3M.
- Completed internalization of management in Nov 2024; special committee expenses $0.02 per share.
- Net servicing income $8.5M; RMBS portfolio ~$1.1B book value; MSR unpaid balance $17.3B.