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Cherry Hill Mortgage Investment Corporation — Third Quarter 2026 Earnings Summary

  • GAAP net loss widened to $3.9 million ($0.11/share) from $1.3 million income ($0.04/share) in Q2 2026, driven by a $51.8 million unrealized loss on RMBS, while Earnings Available for Distribution (EAD) declined 5.5% to $5.2 million ($0.14/share) from $5.5 million ($0.15/share) in the prior quarter.
  • The Company announced a definitive merger agreement with TPG Mortgage Investment Trust, Inc. (MITT) valued at $117.5 million, representing a 29% premium to the August 7 closing price, with no forward guidance provided due to the pending transaction.
  • Quarterly dividend was declared at $0.10 per common share, maintaining an annualized yield of 15.4%, while aggregate portfolio leverage stood at 5.19x and unrestricted cash held was $41.2 million as of September 30, 2026.
Company
CHERRY HILL MORTGAGE INVESTMENT CORP
Sector
Financial Services
Industry
REIT - Mortgage