\nCherry Hill Mortgage Investment Corporation (NYSE: CHMI) (\u201cCherry Hill\u201d or the \u201cCompany\u201d) today reported results for the first quarter 2026.<\/p>\n
First Quarter 2026 Highlights<\/b><\/p>\n \n\u201cThe first quarter was marked by unprecedented geopolitical actions that created significant volatility, and our team reacted quickly and decisively to protect shareholder interests and mitigate risk,\u201d said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. \u201cWhile we are encouraged by the stabilization we saw in April, we remain focused on thoughtfully and proactively managing our diversified portfolio of RMBS and MSRs as uncertainty persists.\u201d<\/p>\n Operating Results<\/b><\/p>\n \nCherry Hill reported GAAP net loss applicable to common stockholders for the first quarter of 2026 of $2.0 million, or $0.05 per basic and diluted weighted average common share outstanding. Reported GAAP net loss was determined based primarily on the following: $4.5 million of net interest income, $7.9 million of net servicing income, a net realized loss of $0.1 million on derivatives, a net unrealized loss of $12.4 million on RMBS measured at fair value through earnings, a net unrealized gain of $6.1 million on derivatives, a net unrealized loss of $1.4 million on investments in Servicing Related Assets, and general and administrative expenses and compensation and benefits in the aggregate amount of $3.3 million.<\/p>\n \nEarnings available for distribution attributable to common stockholders for the first quarter of 2026 were $5.3 million, or $0.14 per basic and diluted weighted average common share outstanding. For a reconciliation of GAAP net income to non-GAAP earnings available for distribution, please refer to the reconciliation table accompanying this release.<\/p>\n\n
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