Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q3 EPS of $0.48, $0.16 better than the analyst estimate of $0.32.

Third Quarter 2020 Highlights

• GAAP net loss applicable to common stockholders of $3.2 million, or $0.19 per share
• Core earnings attributable to common stockholders of $8.2 million, or $0.48 per share
• Common book value per share of $11.74 at September 30, 2020
• Declared regular common dividend of $0.27 per share, annualized common dividend yield at market close was 11.0% at November 6, 2020
• Aggregate portfolio leverage stood at 4.6x at September 30, 2020
• As of September 30, the Company had unrestricted cash of approximately $95 million

“We generated core earnings that exceeded our dividend again this quarter while maintaining a strong balance sheet going into year end,” said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. “We believe we are well positioned to navigate the current environment and to deliver compelling returns to shareholders.”

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