Cherry Hill Mortgage Investment Corp Reports Q3 Earnings: Revenue Surpasses Estimates, EPS Misses at $0.05

Cherry Hill Mortgage Investment Corp reported Q3 net income of $2.0 million, or $0.05 per share, missing analyst estimates. Earnings available for distribution were $3.3 million, or $0.09 per diluted share. The company declared a regular common dividend of $0.10 per share, translating to an annualized yield of 17.0%. Cherry Hill Mortgage Investment Corp's RMBS portfolio had a book value of $1.2 billion, with a weighted average coupon of 4.98% and a maturity of 27 years. The net interest spread for the RMBS portfolio was 2.87%.