Cherry Hill Mortgage Investment (CHMI) - 2024 Q3 - Quarterly Results

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]