See more : MANIPAL FINANCE CORPORATION LT (MNPLFIN.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Cherry Hill Mortgage Investment Corporation (CHMI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cherry Hill Mortgage Investment Corporation, a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Cherry Hill Mortgage Investment Corporation (CHMI)
About Cherry Hill Mortgage Investment Corporation
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -9.95M | 40.19M | 28.14M | -57.32M | -47.89M | 49.05M | 56.78M | 31.93M | 18.88M | 7.82M | 22.53M | 0.00 |
| Cost of Revenue | 11.25M | 11.84M | 13.62M | 57.32M | 47.89M | 45.12M | 5.78M | 2.56M | 761.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -21.20M | 28.36M | 14.51M | -114.65M | -95.77M | 3.92M | 51.00M | 29.37M | 18.12M | 7.82M | 22.53M | 0.00 |
| Gross Profit Ratio | 213.00% | 70.55% | 51.58% | 200.00% | 200.00% | 8.00% | 89.81% | 91.98% | 95.97% | 100.00% | 100.00% | 0.00% |
| Research & Development | 0.00 | -1.79 | 0.22 | -0.87 | -0.45 | 0.42 | 0.73 | 0.77 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 13.73M | 6.31M | 14.83M | 14.66M | 12.43M | 9.89M | 8.16M | 6.23M | 5.86M | 5.59M | 1.33M | 150.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 13.73M | 6.31M | 14.83M | 14.66M | 12.43M | 9.89M | 8.16M | 6.23M | 5.86M | 5.59M | 1.33M | 150.00K |
| Other Expenses | 0.00 | 6.63M | -29.90M | -28.34M | -24.16M | -10.75M | 523.00K | 5.52M | -2.67M | -9.27M | 2.28M | 0.00 |
| Operating Expenses | 13.73M | 12.93M | -15.07M | -13.68M | -11.73M | 3.94M | 3.82M | 3.28M | 3.08M | 3.03M | 716.00K | 150.00K |
| Cost & Expenses | 24.98M | 12.93M | -15.07M | -13.68M | -11.73M | 55.01M | 13.95M | 8.79M | 6.63M | 5.59M | 1.33M | 150.00K |
| Interest Income | 49.99M | 29.64M | 14.96M | 49.02M | 73.34M | 57.72M | 42.05M | 30.72M | 27.71M | 24.96M | 5.48M | 0.00 |
| Interest Expense | 51.64M | 17.56M | 5.77M | 16.32M | 48.59M | 34.51M | 19.88M | 7.81M | 5.98M | 4.31M | 867.00K | 0.00 |
| Depreciation & Amortization | 25.74M | -60.07M | 41.26M | 132.00M | 147.47M | 20.57M | -1.79M | -252.00K | 3.81M | 2.06M | 217.00K | 150.00K |
| EBITDA | -9.19M | -450.00K | 13.06M | 979.00K | -59.62M | 53.48M | 52.14M | 29.51M | 19.09M | 6.54M | 22.07M | 0.00 |
| EBITDA Ratio | 92.34% | 113.04% | 46.43% | 123.86% | 124.49% | 138.23% | 91.82% | 92.41% | 120.82% | 247.64% | 18.39% | 0.00% |
| Operating Income | -34.93M | 44.82M | 13.06M | -71.00M | -59.62M | -3.94M | -3.82M | -3.28M | -3.08M | -3.03M | -716.00K | -150.00K |
| Operating Income Ratio | 350.93% | 111.52% | 46.43% | 123.86% | 124.49% | -8.03% | -6.72% | -10.28% | -16.32% | -38.71% | -3.18% | 0.00% |
| Total Other Income/Expenses | 0.00 | 0.00 | 247.00K | -979.00K | -985.00K | 39.65M | -3.52M | 0.00 | -6.08M | -17.14M | 0.00 | 0.00 |
| Income Before Tax | -34.93M | 27.26M | 13.31M | -71.98M | -60.32M | 39.16M | 48.62M | 25.70M | 13.01M | 2.24M | 21.20M | -150.00K |
| Income Before Tax Ratio | 350.93% | 67.82% | 47.31% | 125.57% | 125.96% | 79.84% | 85.62% | 80.49% | 68.93% | 28.57% | 94.09% | 0.00% |
| Income Tax Expense | 523.00K | 5.07M | 781.00K | -18.76M | -16.82M | 1.39M | 601.00K | 458.00K | -343.00K | -140.00K | 107.00K | 0.00 |
| Net Income | -34.79M | 21.74M | 12.28M | -53.22M | -43.50M | 37.29M | 47.36M | 24.83M | 13.21M | 2.35M | 21.10M | -150.00K |
| Net Income Ratio | 349.55% | 54.09% | 43.65% | 92.84% | 90.83% | 76.02% | 83.41% | 77.77% | 70.00% | 30.08% | 93.61% | 0.00% |
| EPS | -1.70 | 1.10 | 0.71 | -3.15 | -2.59 | 2.55 | 3.98 | 3.31 | 1.76 | 0.31 | 12.50 | -0.02 |
| EPS Diluted | -1.70 | 1.10 | 0.71 | -3.15 | -2.59 | 2.54 | 3.98 | 3.30 | 1.76 | 0.31 | 12.50 | -0.02 |
| Weighted Avg Shares Out | 26.26M | 19.77M | 17.32M | 16.90M | 16.78M | 14.65M | 11.44M | 7.51M | 7.51M | 7.51M | 1.69M | 7.50M |
| Weighted Avg Shares Out (Dil) | 26.29M | 19.80M | 17.35M | 16.90M | 16.78M | 14.66M | 11.45M | 7.52M | 7.51M | 7.51M | 1.69M | 7.50M |
Cherry Hill Mortgage Investment Corporation Series B Still Attractive Despite Floating Rate Risk
Cherry Hill Mortgage Investment Corporation faces challenges with high interest rates impacting net interest income and pressuring the common share dividend. The company has increased its RMBS holdings and leverage, but shareholder equity has dropped. Preferred dividends are fully covered,...
Cherry Hill Mortgage Investment Corporation Internalizes Management, Terminates Management Agreement and Concludes Strategic Alternatives Review Process
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (the “Company”) today announced that the Company has commenced operations as a fully integrated, internally managed mortgage REIT and has terminated the management agreement with its external manager, Cherry Hill...
Cherry Hill Mortgage Investment Corporation (CHMI) Q3 2024 Earnings Call Transcript
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Garrett Edson - Investor Relations, ICR Jay Lown - President and Chief Executive Officer Julian Evans - Chief Investment Officer...
Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) (“Cherry Hill” or the “Company”) today reported results for the third quarter 2024. Third Quarter 2024 Highlights GAAP net loss applicable to common stockholders of $14.8 million, or $0.49 per...
10.7% Preferred Share From Cherry Hill
CHMI-B preferred shares carry a high-risk rating of 5, making them suitable only as a trading tool, not a long-term investment. Despite an attractive stripped yield of 10.7%, CHMI-B is overpriced given its significant risk, with better options available in...
Cherry Hill Mortgage Investment Corporation Sets Date for Third Quarter 2024 Earnings Release and Conference Call
TINTON FALLS, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release third quarter 2024 financial results after the market closes on November 12, 2024. A conference call will be held the same day at...
8.5% Yield Preferred Share Not Worth A Buy From Cherry Hill
CHMI-A is currently overpriced; consider buying only if the price drops to $20.56 due to high risk associated with CHMI. Stripped price is crucial; with an expected ex-dividend date of 9/30/24, the stripped price is around $23.76. CHMI-A offers a...
Cherry Hill Mortgage's Performance For Q2 2024
Cherry Hill Mortgage had a slightly underperforming quarter, with a 3.4% BV variance and a minor decrease in adjusted core earnings/EAD. CHMI's fixed-rate agency MBS sub-portfolio increased unexpectedly, leading to BV underperformance, while derivative instruments and MSR sub-portfolio matched projections....
Cherry Hill Mortgage Investment Corporation Announces Common and Preferred Dividends for the Third Quarter 2024
FARMINGDALE, N.J.--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company's common stock for the third quarter of 2024. The dividend will be payable in...
The Return Of Volatility
In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European...
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