Cherry Hill Mortgage Investment Corp
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
CHMI$2.27-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Loss)
Statements of Income (Loss)
(in thousands — except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Income | ||||
| Interest income | $13,677 | $12,534 | $26,418 | $24,329 |
| Interest expense | 13,510 | 13,168 | 27,158 | 25,123 |
| Net interest income (expense) | 167 | (634) | (740) | (794) |
| Servicing fee income | 12,349 | 13,436 | 25,240 | 27,310 |
| Servicing costs | 3,455 | 2,464 | 6,089 | 5,229 |
| Net servicing income | 8,894 | 10,972 | 19,151 | 22,081 |
| Other income (loss) | ||||
| Realized loss on RMBS, net | (1,859) | (10,274) | (1,859) | (11,255) |
| Realized gain on investments in MSRs, net | 741 | - | 741 | - |
| Realized gain on derivatives, net | 9,430 | 11,640 | 15,682 | 6,040 |
| Unrealized loss on RMBS, measured at fair value through earnings, net | (4,440) | (6,619) | (12,761) | (6,811) |
| Unrealized gain (loss) on derivatives, net | (3,042) | 6,827 | 9,282 | (5,419) |
| Unrealized loss on investments in Servicing Related Assets | (3,312) | (6,010) | (6,569) | (14,678) |
| Total Income (Loss) | 6,579 | 5,902 | 22,927 | (10,836) |
| Expenses | ||||
| General and administrative expense | 3,371 | 1,995 | 5,212 | 3,518 |
| Management fee to affiliate | 1,760 | 1,694 | 3,508 | 3,374 |
| Total Expenses | 5,131 | 3,689 | 8,720 | 6,892 |
| Income (Loss) Before Income Taxes | 1,448 | 2,213 | 14,207 | (17,728) |
| Provision for (Benefit from) corporate business taxes | 664 | 587 | 1,367 | (32) |
| Net Income (Loss) | 784 | 1,626 | 12,840 | (17,696) |
| Net (income) loss allocated to noncontrolling interests in Operating Partnership | (19) | (37) | (254) | 340 |
| Dividends on preferred stock | (2,555) | (2,465) | (4,862) | (4,928) |
| Gain (loss) on repurchase and retirement of preferred stock | (74) | - | 78 | - |
| Net Income (Loss) Applicable to Common Stockholders | $(1,864) | $(876) | $7,802 | $(22,284) |
| Net Income (Loss) Per Share of Common Stock | ||||
| Basic | $(0.06) | $(0.03) | $0.26 | $(0.88) |
| Diluted | $(0.06) | $(0.03) | $0.26 | $(0.88) |
| Weighted Average Number of Shares of Common Stock Outstanding | ||||
| Basic | 29,978,791 | 26,014,830 | 29,978,462 | 25,342,562 |
| Diluted | 30,029,960 | 26,034,399 | 30,025,173 | 25,363,547 |
ConsolidatedStatements of
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