Q2 2025 Cherry Hill Mortgage Investment Corp Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT

Release Date Price: $24.24 (-0.21%)

Transcript 8-K10-Q

Key Points

Positve

Cherry Hill Mortgage Investment Corp (CHMI) maintained a solid liquidity profile with $58 million of unrestricted cash on the balance sheet at the end of the quarter.
The company entered into a strategic partnership and investment with Real Genius LLC, a digital mortgage technology company, which is expected to be profitable within the first year.
Despite intra-quarter volatility, the economy remained resilient, and inflation stayed low, providing a stable macroeconomic environment.
CHMI raised approximately $9 million of capital through its common ATM program during the quarter.
The company is positioned to benefit from potential future rate cuts by the Federal Reserve, which could enhance investment returns.

Negative

Cherry Hill Mortgage Investment Corp (CHMI) reported a GAAP net loss applicable to common stockholders of $0.03 per diluted share for the second quarter.
Book value per common share decreased from $3.58 on March 31st to $3.34 on June 30th.
The mortgage basis underperformed both swap and treasury hedges, negatively impacting the agency MBS sector.
The company's net interest spread was lower than the previous quarter due to a large swap position maturing and lower dollar roll income.
Operating expenses for the quarter were $3.4 million, contributing to the overall financial loss.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHMI.N - Cherry Hill Mortgage Investment Corp
Q2 2025 Cherry Hill Mortgage Investment Corp Earnings Call
Aug 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the Cherry Hill Mortgage Investment Corporation. 2nd quarter 2025 earnings call. I am Frans, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press one on your telephone keypad. If you would like to withdraw your question, press one again.

Thank you. I would now like to turn the call over to Peter Swissa with ICR. Please go ahead.

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Unidentified_2 [2]
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