Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q1 EPS of $0.21, $0.11 worse than the analyst estimate of $0.32.

• GAAP net income applicable to common stockholders of $18.3 million, or $1.07 per share
• Core earnings attributable to common stockholders of $3.5 million, or $0.21 per share
• Common book value per share of $10.83 at March 31, 2021
• Declared regular common dividend of $0.27 per share, annualized common dividend yield at market close was 10.6% at May 7, 2021
• Aggregate portfolio leverage stood at 3.4x at March 31, 2021
• As of March 31, 2021, the Company had unrestricted cash of approximately $62 million

“During the first quarter, we maintained our enhanced cash position and continued to reposition our portfolio," said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. “While elevated prepayment speeds impacted our portfolio, we are well positioned to benefit from a rising rate environment.”

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