Cherry Hill Mortgage Investment Corp CHMI
Cherry Hill Mortgage Investment Corporation is a fully integrated, internally managed residential real estate finance company focused on acquiring, investing in and managing residential mortgage
assets in the United States. We were incorporated in Maryland on October 31, 2012, and we commenced operations on October 9, 2013, following the completion of our initial public offering ("IPO"). Our common stock, our 8.20% Series A Cumulative
Redeemable Preferred Stock (our "Series A Preferred Stock") and our 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (our "Series B Preferred Stock") are listed and traded on the New York Stock Exchange ("NYSE") under
the symbols "CHMI", "CHMI-PRA" and "CHMI-PRB", respectively.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | $18.3M | $5.0M |
| Cost of revenue | $9.3M | $12.4M | $11.2M | $11.8M | $13.6M | $22.6M | $17.4M | $10.6M | $5.8M | $2.6M |
| Gross profit | — | — | — | — | — | — | — | — | $56.8M | $31.9M |
| SG&A | $7.7M | $10.7M | $6.4M | $5.8M | $7.0M | $7.7M | $5.5M | $3.9M | $3.8M | $3.3M |
| Total operating expenses | $14.2M | $18.3M | $13.7M | $12.9M | $14.8M | $15.5M | $13.3M | $9.9M | $8.2M | $6.2M |
| Interest expense | $11.3M | $29.0K | $1.7M | $12.1M | $5.8M | $22.1M | $54.4M | $34.5M | $19.9M | $7.8M |
| Pre-tax income | $9.1M | $16.3M | -$34.9M | $27.3M | $13.3M | -$72.0M | -$60.6M | $38.8M | $49.0M | $25.7M |
| Income tax | $2.2M | $4.1M | $523.0K | $5.1M | $781.0K | $18.8M | $9.9M | $4.5M | $2.5M | $458.0K |
| Net income | $6.9M | $12.2M | -$35.5M | $22.2M | $12.5M | -$53.2M | -$50.7M | $34.3M | $46.4M | $25.2M |
| EPS, basic | -0.09 | 0.07 | -1.70 | 0.60 | 0.14 | -3.67 | -3.53 | 1.95 | 3.84 | 3.31 |
| EPS, diluted | -0.09 | 0.07 | -1.70 | 0.60 | 0.14 | -3.67 | -3.53 | 1.95 | 3.84 | 3.30 |
| Shares, diluted (wtd. avg.) | $34.4M | $30.4M | $26.3M | $19.8M | $17.3M | $16.9M | $16.8M | $14.7M | $11.5M | $7.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $54.9M | $46.3M | $52.9M | $65.6M | $76.8M | $130.2M | $91.7M | $40.0M | $56.5M | $38.3M |
| Total assets | $1.54B | $1.49B | $1.39B | $1.41B | $1.30B | $1.59B | $2.94B | $2.15B | $2.05B | $792.9M |
| Long-term debt | $146.2M | $152.1M | $170.5M | $184.5M | $146.0M | $111.5M | $167.5M | $158.5M | $39.5M | $22.9M |
| Total liabilities | $1.30B | $1.26B | $1.13B | $1.14B | $1.02B | $1.28B | $2.55B | $1.79B | $1.73B | $636.9M |
| Retained earnings | -$270.4M | -$249.6M | -$233.2M | -$169.0M | -$158.5M | -$142.0M | -$59.5M | $34.7M | $35.2M | $12.1M |
| Total equity | $236.0M | $230.3M | $258.4M | $265.5M | $278.8M | $312.6M | $399.4M | $358.8M | $255.6M | $156.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.1M | -$4.7M | $40.7M | $59.9M | $48.0M | $62.4M | $71.9M | $62.0M | $43.8M | $34.5M |
| Stock-based compensation | $287.0K | $496.0K | $468.0K | $496.0K | $900.0K | $1.0M | $1.0M | $662.0K | $607.0K | $618.0K |
| Investing cash flow | -$66.7M | -$141.3M | -$104.1M | -$128.2M | $166.5M | $1.26B | -$756.4M | -$163.8M | -$1.22B | -$146.1M |
| Financing cash flow | $39.3M | $147.5M | $67.2M | $57.1M | -$268.0M | -$1.28B | $736.2M | $85.4M | $1.20B | $129.4M |
| Dividends paid | $5.9M | $7.0M | $6.7M | $8.5M | $7.1M | $6.7M | $8.8M | $11.8M | $7.3M | $4.8M |
| Buybacks | — | — | — | $0 | $0 | $1.7M | $3.5M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015895.
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