Cherry Hill Mortgage's Q4 2024 Earnings Highlights: Navigating Volatility and Internalization Benefits

Cherry Hill Mortgage Investment Corp (CHMI) reported Q4 2024 earnings, with GAAP net income of $9.1 million, or $0.29 per diluted share, and EAD of $3.3 million, or $0.10 per share. Book value per common share decreased to $3.82, and comprehensive loss was $1.5 million, or $0.05 per diluted share. Operating expenses were $4.5 million for the quarter, and unrestricted cash was $46 million at the end of the quarter. The MSR portfolio market value was approximately $234 million, and RMBS portfolio value was approximately $723 million as of December 31.

Cherry Hill Mortgage Investment Corp (CHMI) has released its Q4 2024 earnings report, highlighting key financial metrics and strategic initiatives. The company reported GAAP net income of $9.1 million, or $0.29 per diluted share, and an earnings at risk (EAD) of $3.3 million, or $0.10 per share. The book value per common share decreased to $3.82, and the comprehensive loss was $1.5 million, or $0.05 per diluted share. Operating expenses for the quarter totaled $4.5 million, while unrestricted cash stood at $46 million at the end of the quarter.

The company's MSR portfolio market value was approximately $234 million, and the RMBS portfolio value was approximately $723 million as of December 31, 2024. This indicates a strong presence in the mortgage investment sector, with a significant portion of the company's assets held in residential mortgage-backed securities (RMBS).

CHMI's Q4 2024 earnings report provides a snapshot of the company's financial health and operational efficiency. The decrease in book value per share and the comprehensive loss are notable, but the company maintains a strong cash position, which could be beneficial for future growth and investments. As the company continues to navigate the evolving mortgage investment landscape, its strategic focus on the RMBS portfolio and its cash reserves will be critical factors to watch.

For further details on CHMI's Q4 2024 earnings, please refer to the full earnings call transcript.

References:
[1] https://ca.investing.com/news/company-news/frmo-corp-frmo-q2-2025-earnings-call-highlights-record-book-value-and-strategic-investments-3965408