Cherry Hill Mortgage Investment Corp (N:CHMI)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1451 Route 34, Suite 303 FARMINGDALE NJ 07727 |
| Tel: | N/A |
| Website: | https://www.chmireit.com |
| IR: | See website |
| Key People | ||
| Jeffrey B. Lown President, Chief Executive Officer, Director | Michael Andrew Hutchby Chief Financial Officer, Treasurer, Secretary | Julian B. Evans Chief Investment Officer |
| Business Overview |
| Cherry Hill Mortgage Investment Corporation is a real estate finance company. The Company is focused on acquiring, investing in, and managing residential mortgage assets in the United States. Its segments include investments in residential mortgage-backed securities (RMBS), investments in Servicing Related Assets, and All Other. The Company's principal objective is to generate yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The Company focuses on attaining this objective by selectively constructing and actively managing a portfolio of servicing related assets and RMBS. The Company may also invest in other cash -lowing residential mortgage assets. It is externally managed by Cherry Hill Mortgage Management, LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cherry Hill Mortgage Investment Corp revenues decreased 40% to $41.7M. Net loss applicable to common stockholders totaled $44.6M vs. income of $11.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects General and administrative expense increase of 9% to $6.9M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,241M as of Dec 31, 2023 |
| Annual revenue (TTM): | $41.67M as of Dec 31, 2023 |
| EBITDA (TTM): | -$34.96M as of Dec 31, 2023 |
| Net annual income (TTM): | -$44.65M as of Dec 31, 2023 |
| Free cash flow (TTM): | $9.45M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,020M as of Dec 31, 2023 |
| Shares outstanding: | 30,019,969 as of Mar 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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