Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q4 EPS of $0.66, $0.16 better than the analyst estimate of $0.50.

• GAAP net loss applicable to common stockholders of $39.7 million, or $2.42 per share
• Core earnings attributable to common stockholders of $10.8 million, or $0.66 per share
• Book value of $17.58 per share at December 31, 2018, a 9.7% decline from September 30, 2018, net of the Company’s fourth quarter dividend and before giving effect to the $0.15 special dividend
• Declared regular common dividend of $0.49 per share; annualized common dividend yield at market close was 10.8% at March 15, 2019
• Aggregate portfolio leverage stood at 4.8x at December 31, 2018
• Increased UPB of MSR portfolio by approximately 10% during the quarter
• “Cherry Hill had another year of strong earnings, despite a difficult market environment in the fourth quarter. We believe our asset selection has served our shareholders well to date,” said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation.

“In the fourth quarter, investor sentiment waned as a spike in volatility, geopolitical concerns and revised global growth expectations moved investors into safe-haven assets. Spread sector assets struggled given the market volatility,” said Julian Evans, Chief Investment Officer.

For earnings history and earnings-related data on Cherry Hill Mortgage Investment (CHMI) click here.