Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q4 EPS of $0.48, $0.05 better than the analyst estimate of $0.43.

• GAAP net income applicable to common stockholders of $5.2 million, or $0.31 per share
• Core earnings attributable to common stockholders of $8.1 million, or $0.48 per share
• Book value of $17.35 per share at December 31, 2019, a 2.0% increase from September 30, 2019, net of the Company’s fourth quarter dividend
• Declared regular common dividend of $0.40 per share; annualized common dividend yield at market close was 10.6% at February 26, 2020
• Aggregate portfolio leverage stood at 6.1x at December 31, 2019
• During the fourth quarter, the Company repurchased 235,950 shares of its common stock for approximately $3.5 million under the Company’s $10.0 million share repurchase program

“I’m pleased with our fourth quarter results. We capped off the year with solid core earnings while protecting book value,” said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. “Our performance is a testament to the capabilities and experience of our entire team. We look to continue our success in 2020 by actively managing our portfolio as the company continues to grow and evolve.”

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