- Cherry Hill Mortgage Investment (NYSE:CHMI) Q4 core EPS of 37 cents beats the average analyst estimate of 29 cents and fell from 48 cents in the year ago quarter.
- Q4 core EPS exceeded the company's regular dividend per common share of 27 cents.
- Book value per common share of $11.16 declined from $11.74 at Sept. 30.
- CHMI shares falls 1.5% in after-hours trading.
- Aggregate portfolio leverage of 4.0x at Dec. 31, 2020 vs. 4.6x at Sept. 30.
- Q4 net interest income of $8.02M increased from $6.27M in the year-ago quarter.
- Total expenses of $3.05M declined from $3.35M a year earlier.
- As of Dec. 31, CHMI had unrestricted cash of ~$84M vs. ~$95M at Sept. 30.
- "We believe we are well positioned to invest in MSRs and RMBS where we see opportunities that will deliver attractive risk-adjusted returns to our shareholders," said President and CEO Jay Lown.
- Conference call at 5:00 PM ET.
- Previously (March 9): Cherry Hill Mortgage reports Q4 results