Cherry Hill Mortgage Investment (CHMI) - 2024 Q4 - Annual Results

Financial Performance - GAAP net income applicable to common stockholders for Q4 2024 was $9.1 million, or$0.29 per share[6] - Earnings available for distribution (EAD) attributable to common stockholders for Q4 2024 were $3.3 million, or$0.10 per diluted share[5] - Total income for Q4 2024 was $18.7 million, compared to a loss of$7.1 million in the previous quarter[7] Dividends - Declared a regular common dividend of $0.15 per share, resulting in an annualized common dividend yield of 17.5$3.82 as of December 31, 2024[6] - The unpaid principal balance for the MSR portfolio was $17.3 billion as of December 31, 2024[10] - The RMBS portfolio had a book value of approximately$1.1 billion with a weighted average coupon of 4.80%[11] - The company reported a net unrealized loss on the RMBS portfolio of approximately $10.8 million[8] Leverage and Risk Management - Aggregate portfolio leverage stood at 5.3x at the end of Q4 2024[6] - The company held interest rate swaps with a notional amount of$1.2 billion as of December 31, 2024[12] Strategic Focus - The company emphasizes its long-term growth opportunities and strategies to expand market opportunities[24] - The company aims to create its own Excess MSRs to enhance profitability[24] - The company is focused on generating sustainable and attractive risk-adjusted returns for stockholders[24]