Welcome to our dedicated page for Cherry Hill Mtg Invt news (Ticker: CHMI), a resource for investors and traders seeking the latest updates and insights on Cherry Hill Mtg Invt stock.
Cherry Hill Mortgage Investment Corp (NYSE: CHMI) is a specialized real estate investment trust focused on residential mortgage assets. This page provides investors with comprehensive access to official press releases, financial disclosures, and strategic updates from the company.
Track CHMI's latest developments including quarterly earnings reports, portfolio acquisitions, and dividend declarations. Our curated news collection simplifies monitoring this REIT's performance in mortgage-backed securities (RMBS) and servicing-related investments.
All content is sourced directly from company filings and verified financial news outlets. Stay informed about CHMI's risk-adjusted investment strategies, leadership updates, and regulatory compliance matters through our organized news repository.
Bookmark this page for streamlined access to essential CHMI updates. Combine these timely reports with fundamental analysis tools to assess the company's position in the evolving mortgage finance sector.
Cherry Hill Mortgage Investment (NYSE: CHMI) has appointed Dale Hoffman to its Board of Directors. Hoffman, who meets NYSE independence standards, will serve on the Compensation Committee and Nominating and Corporate Governance Committee.
Hoffman brings over 30 years of experience in fixed income capital markets, currently serving as President of S&D Sarasota, a consultancy for broker/dealer clients. His previous roles include Managing Director and Head of Taxable Fixed Income Trading at Piper Jaffray until 2018, Managing Director and Co-Head of Fixed Income Trading and Commodities at BMO Capital Markets US, and Senior VP at Legg Mason Wood Walker Inc., where he led a team of 25 traders.
Cherry Hill Mortgage Investment (NYSE: CHMI) has released its Q4 and full-year 2024 results. Key Q4 highlights include:
- GAAP net income of $9.1 million ($0.29 per share)
- Earnings available for distribution (EAD) of $3.3 million ($0.10 per share)
- Common book value per share of $3.82
- Declared regular common dividend of $0.15 per share (17.5% annualized yield)
- Unrestricted cash of $46.3 million
The company reported $0.7 million in net interest income, $8.5 million in net servicing income, and completed management internalization in November 2024. The MSR portfolio's unpaid principal balance was $17.3 billion, with a carrying value of $233.7 million. The RMBS portfolio had a book value of $1.1 billion with a 4.80% weighted average coupon. Portfolio leverage stood at 5.3x at quarter-end.
Cherry Hill Mortgage Investment (NYSE: CHMI) has scheduled its fourth quarter and full year 2024 earnings release for March 6, 2025, after market close. The company will host a conference call at 5:00 pm Eastern Time on the same day to discuss the financial results.
Investors can access a live webcast of the conference call through the investor relations section of CHMI's website at www.chmireit.com. The webcast archive will be available for one year following the call. Participants interested in joining the telephone conference call must register in advance to receive dial-in information.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced the estimated Federal income tax treatment of its 2024 dividend distributions for both common and preferred stock. For common stock, the total distributions per share will be $0.60 annually ($0.15 quarterly), split equally between ordinary dividends ($0.30) and nondividend distributions ($0.30).
The 8.20% Series A Preferred Stock will receive total distributions of $2.05 per share for 2024, paid as $0.5125 quarterly, all classified as ordinary dividends. The 8.250% Series B Fixed-to-Floating Rate Preferred Stock will receive varying quarterly payments totaling $2.4556 per share for 2024, with payments increasing in the latter half of the year, all classified as ordinary dividends.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its Q4 2024 dividend distributions. The company declared a common stock dividend of $0.15 per share, payable on January 31, 2025, to stockholders of record as of December 31, 2024.
Additionally, the company declared preferred stock dividends: $0.5125 per share for its 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6739 per share for its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.
Cherry Hill Mortgage Investment (NYSE: CHMI) has transitioned to become a fully integrated, internally managed mortgage REIT, terminating its management agreement with Cherry Hill Mortgage Management, effective November 14, 2024. The internalization involves new employment arrangements with the senior management team and supporting personnel. No termination fee is required, and management fees will cease. The company expects this change to reduce expenses and enhance earnings. Additionally, the Board's special committee has concluded its strategic alternatives review, deciding to continue pursuing the company's residential mortgage investment strategy as an internally managed entity.
Cherry Hill Mortgage Investment (NYSE: CHMI) reported Q3 2024 results with a GAAP net loss of $14.8 million ($0.49 per share). The company posted earnings available for distribution of $2.5 million ($0.08 per share). Key metrics include common book value per share of $4.02, unrestricted cash of $50.2 million, and aggregate portfolio leverage of 5.3x. The company declared a regular common dividend of $0.15 per share, representing an annualized yield of 18.6%. Net servicing income was $8.5 million, while net interest income was $0.1 million. The MSR portfolio's unpaid principal balance stood at $17.6 billion with a carrying value of $226.8 million.
Cherry Hill Mortgage Investment (NYSE: CHMI) has scheduled its third quarter 2024 earnings release for November 12, 2024, after market close. The company will host a conference call the same day at 5:00 pm Eastern Time to discuss the results. Investors can access the live webcast through the company's website at www.chmireit.com, with an online archive available for one year. Participants can join via telephone using domestic (1-800-715-9871) or international (1-646-307-1963) numbers with Conference ID: 9439976.
Cherry Hill Mortgage Investment (NYSE: CHMI) has announced its dividend distributions for the third quarter of 2024. The company's Board of Directors declared a common stock dividend of $0.15 per share, payable on October 31, 2024, to shareholders of record as of September 30, 2024. Additionally, preferred stock dividends were declared: $0.5125 per share for the 8.20% Series A Cumulative Redeemable Preferred Stock and $0.6986 per share for the 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both preferred stock dividends will be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
Cherry Hill Mortgage Investment (NYSE: CHMI) reported results for Q2 2024:
- GAAP net loss of $1.9 million, or $0.06 per share
- Earnings available for distribution (EAD) of $2.3 million, or $0.08 per diluted share
- Common book value per share of $4.15 as of June 30, 2024
- Declared regular common dividend of $0.15 per share (16.4% annualized yield)
- Aggregate portfolio leverage at 4.9x
- Unrestricted cash of $52.4 million
Key highlights include selling $1.2 billion UPB of low-balance MSRs to enhance portfolio efficiency and plans to internalize management to reduce expenses. The company reported net servicing income of $8.9 million and net interest income of $0.2 million for the quarter.
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