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Cherry Hill Mortgage Investment Corporation (symbol: CHMI) is a financial services company headquartered at 301 Harper Dr, Moorestown, NJ, United States. Operating as a Real Estate Investment Trust (REIT), Cherry Hill Mortgage Investment Corporation focuses on investing in residential mortgage assets. The company aims to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
The company's reportable segments include:
- Residential Mortgage-Backed Securities (RMBS): This segment is the primary source of revenue, generating income through interest earned from servicing mortgage loans.
- Investments in Servicing Related Assets: This segment focuses on assets related to the servicing of mortgage loans.
- All Others: Encompasses other investment segments within the company's portfolio.
Cherry Hill Mortgage Investment Corporation is dedicated to providing high returns to its investors. Their strategic investments in RMBS and other related assets enable the company to maintain a strong financial condition and secure steady income. The company is continuously working on current projects and partnerships to optimize its asset management and investment strategies. Stay updated with the latest developments, financial reports, and news on Cherry Hill Mortgage Investment Corporation to make informed investment decisions.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported its fourth quarter and full year 2021 results with a GAAP net income of $4.1 million or $0.23 per share. The Earnings Available for Distribution (EAD) was $5.8 million, equating to $0.32 per share. The company declared a regular common dividend of $0.27 per share, reflecting a 13.9% yield. As of December 31, 2021, the common book value per share was $8.56, with total unrestricted cash of $63.9 million. Despite mortgage spread widening, slower prepayment speeds contributed to consistent earnings.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) declared a dividend of $0.27 per share for Q1 2022, payable on April 26, 2022. Shareholders of record by March 31, 2022 will receive this payment. Additionally, the company announced dividends of $0.5125 and $0.515625 for its Series A and Series B preferred stocks, respectively, with payment set for April 18, 2022. The company engages in acquiring and managing residential mortgage assets in the United States.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will announce its fourth quarter and full year 2021 financial results on March 15, 2022, after market close. A conference call will follow at 5:00 PM Eastern Time to discuss these results. Investors can access the call via the Company’s website and participate by dialing in. The conference call will also be available for playback until April 15, 2022. Cherry Hill specializes in acquiring and managing residential mortgage assets in the United States.
Cherry Hill Mortgage Investment Corporation (CHMI) announced the estimated Federal income tax treatment for its 2021 distributions on common and preferred stock. Shareholders are advised to consult tax advisors regarding their specific tax treatment. The company reported total distributions of $1.08 per share for common stock, with a dividend of $0.27 per share recorded and payable on four occasions. For preferred stock, cumulative distributions amounted to $2.0625 per share. Detailed tax implications may vary, highlighting the importance of individual consultation.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) announced a dividend of $0.27 per share for Q4 2021, payable on January 25, 2022, to stockholders of record by December 31, 2021. Additionally, dividends for preferred stock include $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on January 18, 2022, also to stockholders of record by December 31, 2021. The company focuses on acquiring and managing residential mortgage assets in the U.S.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a GAAP net loss of $6.2 million for Q3 2021, translating to a loss of $0.36 per share. Earnings available for distribution stood at $4.2 million, or $0.25 per share. The regular dividend was declared at $0.27 per share, yielding 11.8% at market close on November 8, 2021. The portfolio had an aggregate leverage of 3.2x, with unrestricted cash of $62.9 million as of September 30, 2021. The company anticipates benefits from rising interest rates, despite challenges from net realized and unrealized losses on RMBS and derivatives.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) will release its third quarter 2021 financial results on Tuesday, November 9, 2021, after market close. A conference call to discuss these results will be held at 5:00 pm Eastern Time on the same day. Investors can access the call via the Company's website at www.chmireit.com. Playback of the conference call will be available until December 9, 2021.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has declared a $0.27 dividend per share for Q3 2021, payable on October 26, 2021, with a record date of September 30, 2021. The company also declared dividends on its preferred stock: $0.5125 for the 8.20% Series A and $0.515625 for the 8.250% Series B, payable on October 15, 2021. These dividends reflect the company's ongoing commitment to returning value to shareholders amid its investment strategies in residential mortgage assets.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) reported a GAAP net loss of $13.8 million, or $0.81 per share, for Q2 2021. Core earnings were $4.7 million, or $0.28 per share. The company maintained a common book value of $9.63 and declared a regular dividend of $0.27, yielding 11.8%. Portfolio leverage stood at 3.6x, with unrestricted cash of approximately $54 million. Improved prepayment speeds positively impacted earnings, positioning the company to benefit from a rising rate environment.
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) plans to release its second quarter 2021 financial results on August 9, 2021, after market close. A conference call will follow at 5:00 PM ET to discuss these results. Investors can access the live webcast through the investor relations section of the company’s website, where they should arrive 15 minutes early to prepare. Participants can dial in to the call using provided domestic and international numbers.
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