Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q2 EPS of $0.47, $0.19 better than the analyst estimate of $0.28.

• GAAP net loss applicable to common stockholders of $12.4 million, or $0.73 per share
• Core earnings attributable to common stockholders of $7.9 million, or $0.47 per share
• Book value of $13.41 per share at June 30, 2020, a 2.3% reduction from $13.73 at March 31, 2020, net of the Company’s second quarter dividend. Approximately 70% of the reduction was due to paying half of the first quarter common dividend in stock
• Declared regular common dividend of $0.27 per share, annualized common dividend yield at market close was 10.8% at August 7, 2020
• Aggregate portfolio leverage stood at 4.4x at June 30, 2020
• As of June 30, the Company had unrestricted cash of approximately $94.5 million

“We are pleased with our earnings performance this quarter. Our second quarter results are reflective of our decisive efforts to minimize the negative impact to our portfolio from the market dislocation due to COVID 19,” said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. “We continue to be measured in our approach given the challenging environment and seek assets that we believe will deliver attractive risk-adjusted returns.”

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