Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q1 EPS of $0.60, $0.07 better than the analyst estimate of $0.53.

• GAAP net loss applicable to common stockholders of $22.6 million, or $1.36 per share
• Core earnings attributable to common stockholders of $10.0 million, or $0.60 per share
• Book value of $17.54 per share at March 31, 2019, a 0.2% decline from December 31, 2018, net of the Company’s first quarter dividend
• Declared regular common dividend of $0.49 per share; annualized common dividend yield at market close was 11.5% at May 8, 2019
• Aggregate portfolio leverage stood at 4.7x at March 31, 2019
• Increased UPB of MSR portfolio by approximately 11% during the quarter
• In February, the Company completed an offering of 2,000,000 shares of its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, resulting in net proceeds of approximately $48.4 million, before offering expenses

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