Cherry Hill Mortgage Investment Corporation Announces Second Quarter 2026 Results
Cherry Hill reported Q2 GAAP net income of $1.3 million ($0.04 per share) and Earnings Available for Distribution of $5.5 million ($0.15 per share). Book value per share stood at $3.16 at quarter end. The company entered into a definitive agreement to be acquired by TPG Mortgage Investment Trust (MITT) for an implied value of $117.5 million, representing a 29% premium to the August 7 closing price. Shareholders will receive 0.3063 shares of MITT common stock and $0.93 in cash for each share of CHMI owned.
Key figures
- Eps
- 0.04
- Revenue
- 14740000
- Deal Value Usd
- 117500000
- Ead
- 5500000
- Premium
- 29%
- Dividend per share
- 0.1
- Book value per share
- 3.16
AI analysis
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