Financial Performance - GAAP net loss applicable to common stockholders for Q3 2024 was $14.8 million, or $0.49 per share[2] - Earnings available for distribution (EAD) attributable to common stockholders for Q3 2024 were $2.5 million, or $0.08 per diluted share[4] - Common book value per share was $4.02 as of September 30, 2024[2] - Declared regular common dividend of $0.15 per share, resulting in an annualized common dividend yield of 18.6%[2] Portfolio Information - The unpaid principal balance for the MSR portfolio was $17.6 billion, with a carrying value of $226.8 million[8] - The RMBS portfolio had a book value of approximately $1.2 billion, with a weighted average coupon of 4.81%[9] - Net interest spread for the RMBS portfolio was 3.22%[8] - Net unrealized gain on the RMBS portfolio classified as available-for-sale was approximately $16.4 million[6] - The company held interest rate swaps with a notional amount of $1.2 billion as of September 30, 2024[10] Company Overview - Cherry Hill Mortgage Investment Corporation is a real estate finance company focused on acquiring, investing in, and managing residential mortgage assets in the United States[19] Future Outlook and Strategy - The company aims to achieve cost savings by becoming an internally managed company and expanding its market opportunities[20] - Cherry Hill is focused on generating sustainable and attractive risk-adjusted returns for its stockholders[20] - Forward-looking statements regarding long-term growth opportunities and strategies are included in the press release[20] Conference Call and Investor Relations - The company will discuss its financial condition and results of operations for the third quarter of 2024 during a conference call scheduled for 5:00 pm Eastern Time[17] - The company has a conference ID of 9439976 for participants dialing into the call[19] - A live webcast of the conference call will be available on the company's investor relations website for one year following the call[18] - Additional financial information can be found in the Annual Report on Form 10-Q for the quarter ended September 30, 2024, filed with the SEC on November 12, 2024[16] - An investor presentation with supplemental information regarding the company's business and financial condition will be available on its website[16] - The company encourages participation in the live conference call and provides a dedicated contact for investor relations[21]

Financial Performance - The company reported a net loss of $12,444 thousand for the three months ended September 30, 2024, compared to a net income of $15,885 thousand for the same period in 2023[14]. - Net income for the three months ended September 30, 2024, was a loss of $12,444 million, compared to a profit of $15,885 million for the same period in 2023[16]. - Comprehensive income for the nine months ended September 30, 2024, was $6,466 million, compared to a loss of $4,779 million in the same period last year[16]. - The company experienced a net loss of $1,040 million attributable to common stockholders for the nine months ended September 30, 2024, compared to a loss of $12,079 million in the same period of 2023[16]. - The company reported a net income of $15.885 million for the quarter ending June 30, 2023, compared to a net loss of $19.322 million for the previous quarter[17]. - For the nine months ended September 30, 2024, the company reported a net income of $396,000, a significant decrease from a net income of $10,421,000 for the same period in 2023[39]. - The company reported a net loss of $12,444,000 for the three months ended September 30, 2024, compared to a net income of $15,885,000 for the same period in 2023[39]. - The company reported a total of 80 RMBS securities with a weighted average coupon of 4.64% as of December 31, 2023[43]. Assets and Liabilities - Total assets increased to $1,551,389 thousand as of September 30, 2024, compared to $1,392,992 thousand as of December 31, 2023, representing a growth of approximately 11.4%[12]. - Total liabilities increased to $1,311,693 thousand as of September 30, 2024, from $1,134,617 thousand as of December 31, 2023, marking an increase of approximately 15.6%[12]. - The company’s accumulated deficit increased to $(253,944) thousand as of September 30, 2024, compared to $(233,161) thousand as of December 31, 2023[12]. - Net assets increased to $239,696,000 as of September 30, 2024, from $258,375,000 as of December 31, 2023[40]. - The company reported total liabilities of $4,749,000 as of September 30, 2024[90]. Income and Expenses - Net interest income for the three months ended September 30, 2024, was $109 thousand, a decrease from a net interest expense of $473 thousand for the same period in 2023[14]. - Interest income for the three-month period ended September 30, 2024, was $14.3 million, an increase of $650,000 from $12.864 million in the same period of 2023[39]. - Interest expense for the three months ended September 30, 2024, was $14.218 million, compared to $13.337 million for the same period in 2023, reflecting an increase of approximately 6.6%[39]. - General and administrative expense for the nine months ended September 30, 2024, was $8,623 million, compared to $5,144 million for the same period in 2023[132]. - The company recognized share-based compensation expense of $230,809 for the three-month period ended September 30, 2024, compared to $169,059 for the same period in 2023, indicating a year-over-year increase of approximately 36.4%[62]. Investments and Market Risks - The company is subject to significant credit and market risks associated with its investments in RMBS and derivatives, which could impact future performance[22]. - The fair value of RMBS investments was determined to be $28.3 million for purchases made during the nine-month period ended September 30, 2024[24]. - The company’s investments in RMBS consist solely of Agency RMBS as of September 30, 2024[40]. - The company has elected the fair value option for its investments in MSRs, recording valuation adjustments quarterly to reflect changes in fair value[127]. - The fair value of the company's RMBS portfolio as of September 30, 2024, is estimated at 930,979 thousand dollars, with a potential change of 3,644 thousand dollars (0.39%) under a 0.25% interest rate increase scenario[176]. Stockholder Equity and Dividends - Preferred stock dividends amounted to $2,594 thousand for the three months ended September 30, 2024, compared to $2,462 thousand in the same period last year[14]. - The company declared an additional cash dividend of $0.0096 per share for the second quarter Series B Preferred Stock, paid on October 15, 2024[54]. - The Series A Preferred Stock has a cumulative cash dividend rate of 8.20% per annum, equivalent to $2.05 per annum per share[53]. - The company has a Common Stock ATM Program with an aggregate offering price increased to $150.0 million, with approximately $49.3 million remaining as of September 30, 2024[55]. Management and Operational Changes - The company plans to internalize management and terminate the existing Management Agreement, which is expected to enhance operational efficiency[19]. - The management fee paid to the Manager is 1.5% per annum of the company's stockholders' equity, with the Management Agreement set to expire on October 22, 2025, and automatically renew unless terminated[65]. - A termination fee of approximately $18.4 million is due following the company's announcement to internalize management[165]. Regulatory and Taxation Matters - The company has elected to be taxed as a REIT, which allows it to avoid federal income taxes as long as it distributes its taxable income to stockholders[19]. - The provision for Corporate Business Taxes for the three months ended September 30, 2024, was $285,000, a decrease from $1.276 million in the same period of the previous year[110]. - The effective tax rate for the three months ended September 30, 2024, was 21.0%[111]. Future Outlook and Strategic Plans - The company expects to meet its long-term liquidity requirements through cash on hand and potential additional borrowings[154]. - The company anticipates that a rise in interest rates could negatively impact the market value of its assets, excluding servicing-related assets[171]. - The company actively manages risks related to credit quality, interest rates, liquidity, and prepayment speeds to provide attractive risk-adjusted returns[169].

Group 1 - The article discusses a preferred share from Cherry Hill Mortgage Investment (CHMI) and mentions that a public article will be released when Q3 2024 results are available [1] - The Q2 2024 assessment has already been posted on Seeking Alpha, indicating ongoing analysis and updates on the company's performance [1] Group 2 - There is no specific investment recommendation or advice provided in the article, emphasizing that past performance does not guarantee future results [2] - The article highlights that the views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [2]

You can get access to everything we have to offer right now. Try our service and decide for yourself. I'll be going over a preferred share from Cherry Hill Mortgage ( CHMI ). For investors interested in the common stock, we recently had an article come out on Seeking Alpha about their Q2 2024 performance . Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this articl ...

You can get access to everything we have to offer right now. Try our service and decide for yourself. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. ...

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations Jay Lown - President and CEO Julian Evans - Chief Investment Officer Michael Hutchby - Chief Financial Officer Conference Call Participants Mikhail Goberman - Citizens JMP Matthew Howlett - B. Riley Securities Operator Good day, and welcome to the Cherry Hill Mortgage Investment Corporation's Second Quarter 2024 Conference Call. [Operator ...

C H E R R Y H I L L MORTCAGE INVESTMENT CORPORATION Investor Presentation Second Quarter 2024 Legal Disclaimer FORWARD-LOOKING STATEMENTS. Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, references to: potential or expected future cash flows; estimated or expected returns, sometimes referred to as initial IRR, updated IRR, expected IRR, or current-to-maturity IRR; poten ...

Exhibit 99.1 CHERRY HILL MORTGAGE INVESTMENT CORPORATION ANNOUNCES SECOND QUARTER 2024 RESULTS FARMINGDALE, NJ – August 8, 2024 — Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the second quarter 2024. Second Quarter 2024 and Other Recent Highlights • In July 2024, the Company's Board of Directors, based on the recommendation of a special committee comprised of independent and disinterested directors, authorized and approved internalizing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Commission file number 001-36099 CHERRY HILL MORTGAGE INVESTMENT CORPORATION (Exact name of registrant as specified in its charter) Marylan ...

Investors in Cherry Hill Mortgage Investment Corporation (CHMI) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $7.5 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...