Cherry Hill Mortgage Investment (CHMI) Misses Q1 EPS by 8c

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Go back to Cherry Hill Mortgage Investment (CHMI) Misses Q1 EPS by 8c

Cherry Hill Mortgage Investment Corporation Announces First Quarter 2024 Results

May 6, 2024 4:15 PM EDT

FARMINGDALE, N.J.--(BUSINESS WIRE)-- Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (Cherry Hill or the Company) today reported results for the first quarter 2024.

First Quarter 2024 Highlights

GAAP net income applicable to common stockholders of $9.7 million, or $0.32 per share. Earnings available for distribution (EAD) attributable to common stockholders of $4.0 million, or $0.13 per diluted share. Common book value per share of $4.49 at March 31, 2024. Declared regular common dividend of $0.15 per share, annualized common dividend yield was 17.1% based on the closing sale price of the Companys common... More