Cherry Hill Mortgage posts Q1 loss on RMBS volatility

Cherry Hill Mortgage Investment

07/05/2026 21:53

Overview

US mortgage REIT reported Q1 GAAP net loss of $2.0 mln, or $0.05 per share

Earnings available for distribution for Q1 were $5.3 mln, or $0.14 per share

Quarterly results impacted by unrealized RMBS losses amid significant market volatility

Outlook

Company says uncertainty persists and it remains focused on managing its RMBS and MSR portfolio

Result Drivers

RMBS LOSSES - Co said net unrealized losses on RMBS drove Q1 results amid significant market volatility

DERIVATIVES GAINS - Unrealized gains on derivatives partially offset portfolio losses

MARKET VOLATILITY - Co cited unprecedented geopolitical actions creating significant volatility, leading to risk mitigation efforts

Company press release: ID:nBw5yzGbFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.05
Q1 Net Income
-$2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Cherry Hill Mortgage Investment Corp is $3.00, about 16.3% above its May 6 closing price of $2.58

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)