Cherry Hill Mortgage Investment Corporation Announces First Quarter 2025 Results

About this update from Cherry Hill Mortgage Investment Corporation

[{"type":"text","content":"TINTON FALLS, N.J., May 06, 2025--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the first quarter 2025.","length":211,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP net loss applicable to common stockholders of $9.3 million, or $0.29 per share.","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Earnings available for distribution ("EAD") attributable to common stockholders of $5.4 million, or $0.17 per diluted share.","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Common book value per share of $3.58 at March 31, 2025.","length":55,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Declared regular common dividend of $0.15 per share; annualized common dividend yield was 20.1% based on the closing sale price of the Company’s common stock as reported by the NYSE on May 5, 2025.","length":197,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Aggregate portfolio leverage stood at 5.2x at March 31, 2025.","length":61,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"As of March 31, 2025, the Company had unrestricted cash of $47.3 million.","length":73,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":604,"olType":false},{"type":"text","content":""We were pleased to complete our first full quarter as an integrated, internally managed mortgage REIT," said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. "Looking ahead, while we closely monitor the macro environment, we are focused on growing our portfolio responsibly as we seek to deliver strong risk-adjusted returns and maximize shareholder value."","length":405,"tagName":"p"},{"type":"text","content":"Operating Results","length":17,"tagName":"p"},{"type":"text","content":"Cherry Hill reported GAAP net loss applicable to common stockholders for the first quarter of 2025 of $9.3 million, or $0.29 per basic and diluted weighted average common share outstanding. Reported GAAP net loss was determined based primarily on the following: $2.2 million of net interest income, $8.4 million of net serv...

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