Q4 2025 Cherry Hill Mortgage Investment Corp Earnings Call Transcript

Feb 25, 2026 / 10:00 PM GMT

Release Date Price: $23.54 (+0.17%)

Transcript 10-K8-K

Key Points

Positve

Cherry Hill Mortgage Investment Corp (CHMI) reported a GAAP net income applicable to common stockholders of $0.14 per diluted share for the fourth quarter.
The book value per common share increased to $3.44 from $3.36 at the end of the previous quarter.
The company maintained a solid liquidity profile with $55 million of unrestricted cash on the balance sheet.
The strategic partnership with Real Genius LLC, a digital mortgage technology company, continues to grow steadily.
The MSR portfolio performed well, benefiting from a steeper yield curve and remains 250 basis points out of the money given current mortgage rates.

Negative

The net interest spread for the RMBS portfolio was 2.52%, which was lower than the previous quarter due to a reduction in dollar roll income.
Operating expenses for the quarter were $3.3 million, indicating a significant cost base.
The RMBS portfolio's prepayment speeds rose to 8.5% CPR, up from 6.1% in the prior quarter, which could impact future earnings.
The company did not provide explicit guidance on share buybacks, leaving uncertainty about capital return strategies.
The market environment showed signs of volatility with tightening and widening spreads, impacting the mortgage market dynamics.

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

CHMI.N - Cherry Hill Mortgage Investment Corp
Q4 2025 Cherry Hill Mortgage Investment Corp Earnings Call
Feb 25, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to Cherry Hill Mortgage Investment Corporation's fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. To remove yourself from the queue, you may press 11 again.

I would now like to hand the call over to Emma Little, Investor relations. Please go ahead.

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Unidentified_2 [2]
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