Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2026 Results
Cherry Hill Mortgage Investment reported a Q3 2026 GAAP net loss of $3.9 million, or $0.11 per share, driven primarily by a $51.8 million unrealized loss on its RMBS portfolio. Earnings available for distribution were $5.2 million, or $0.14 per diluted share, roughly flat with the prior quarter's $0.15, and book value stood at $2.73 per share at September 30. The company declared a $0.10 quarterly common dividend (15.4% annualized yield) and disclosed aggregate portfolio leverage of 5.19x with $41.2 million of unrestricted cash.
Key figures
- Ead
- 5200000
- Gaap net loss
- 3900000
- Rmbs book value
- $1.1 billion
- Unrestricted cash
- 41200000
- Msr carrying value
- 215200000
- Portfolio leverage
- 5.19x
- Book value per share
- 2.73
- Merger implied value
- 117500000
- Ead per diluted share
- 0.14
- Merger premium to close
- 29%
- Annualized dividend yield
- 15.4%
- Common dividend per share
- 0.1
- Merger premium to 30day vwap
- 32%
- Msr unpaid principal balance
- $14.9 billion
AI analysis
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