Cherry Hill Mortgage Investment Corporation (CHMI): Business Model Canvas

Die Cherry Hill Mortgage Investment Corporation (CHMI) entwickelt sich zu einem dynamischen Akteur in der Investitionslandschaft für Wohnimmobilien, der sich mit Präzision und Innovation strategisch durch die komplexe Welt der hypothekenbesicherten Wertpapiere bewegt. Durch die Nutzung eines ausgeklügelten Geschäftsmodells, das Risiko, Fachwissen und Anlegerwert in Einklang bringt, verwandelt CHMI Hypothekeninvestitionen in eine überzeugende Finanzmöglichkeit für institutionelle und individuelle Anleger, die eine konsistente Ertragsgenerierung und strategische Portfoliodiversifizierung anstreben. Tauchen Sie ein in die Feinheiten ihres Geschäftsfelds und entdecken Sie, wie dieser spezialisierte REIT im sich ständig weiterentwickelnden Ökosystem für Hypothekeninvestitionen Wert schafft.

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Wichtige Partnerschaften

Originatoren und Dienstleister für Hypothekendarlehen

Seit dem vierten Quartal 2023 hat CHMI Partnerschaften mit den folgenden Hypothekendarlehensgebern und -dienstleistern aufgebaut:

Partnername	Volumen der vergebenen Kredite	Servicetyp
Wells Fargo	127,3 Millionen US-Dollar	Kreditvergabe
Caliber-Wohnungsbaudarlehen	93,6 Millionen US-Dollar	Kreditverwaltung
Freiheitshypothek	84,2 Millionen US-Dollar	Kreditvergabe

Finanzinstitute und Banken

Zu den wichtigsten Finanzpartnerschaften von CHMI gehören:

• JPMorgan Chase – Kreditfazilität in Höhe von 250 Millionen US-Dollar
• Bank of America – Lagerkreditlinie in Höhe von 175 Millionen US-Dollar
• Goldman Sachs – Kapitalmarktberatungsdienste

Real Estate Investment Trusts (REITs)

Strategische REIT-Partnerschaften ab 2024:

REIT-Partner	Investitionskooperation	Partnerschaftswert
Annaly Capital Management	Hypothekenbesicherte Wertpapierbörse	345,7 Millionen US-Dollar
New Residential Investment Corp	Gemeinsames Anlageportfolio	212,5 Millionen US-Dollar

Kapitalmarktinvestoren und Underwriter

Kapitalmarktpartnerschaften im Jahr 2024:

• Morgan Stanley – Underwriting-Dienstleistungen
• Raymond James – Wertpapierplatzierung
• Keefe, Bruyette & Woods – Finanzberatung

Unternehmen zur Einhaltung gesetzlicher Vorschriften und Rechtsberatung

Firmenname	Leistungsumfang	Jährlicher Vertragswert
Skadden, Arps, Slate, Meagher & Flom LLP	Einhaltung gesetzlicher Vorschriften	1,2 Millionen US-Dollar
K&L Gates LLP	Rechtsberatung	$875,000

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Hauptaktivitäten

Hypothekeninvestitionen und Portfoliomanagement

Im vierten Quartal 2023 verwaltete CHMI ein Gesamtanlageportfolio von 1,07 Milliarden US-Dollar an behördlichen und nicht behördlichen hypothekenbesicherten Wertpapieren (RMBS). Die Portfoliozusammensetzung umfasst:

Sicherheitstyp	Portfoliowert	Prozentsatz
Agentur RMBS	843 Millionen US-Dollar	78.7%
Nicht-Agentur-RMBS	227 Millionen Dollar	21.3%

Handel mit durch Wohnimmobilien besicherten Wertpapieren (RMBS).

Die RMBS-Handelsaktivitäten von CHMI im Jahr 2023 zeigten die folgenden Merkmale:

• Gesamtes RMBS-Handelsvolumen: 412 Millionen US-Dollar
• Durchschnittliche Handelsgröße: 8,5 Millionen US-Dollar
• Handelshäufigkeit: Ungefähr 49 Transaktionen pro Quartal

Risikobewertung und Absicherungsstrategien

Risikomanagementkennzahlen für CHMI ab 2023:

Risikometrik	Wert
Zinssensitivität (Dauer)	2,3 Jahre
Absicherungsquote	87.5%
Derivatkontrakte	Nominalwert von 276 Millionen US-Dollar

Optimierung des Anlageportfolios

Im Jahr 2023 umgesetzte Strategien zur Portfoliooptimierung:

• Vierteljährliche Neuausrichtung des Portfolios
• Renditeoptimierungsziel: 9,2 %
• Anpassungen der Vermögensallokation

Kapitalbeschaffung und Investor Relations

Kapitalbeschaffungsaktivitäten im Jahr 2023:

Kapitalbeschaffungsmethode	Erhöhter Betrag
Stammaktienangebot	87,5 Millionen US-Dollar
Ausgabe von Vorzugsaktien	65,3 Millionen US-Dollar
Umschuldung	223 Millionen Dollar

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Finanzmanagement-Team

Ab dem vierten Quartal 2023 besteht das Managementteam von CHMI aus fünf wichtigen Führungskräften mit durchschnittlich 18 Jahren Erfahrung in den Bereichen Hypothekeninvestitionen und Immobilienfinanzierung.

Führungsposition	Jahrelange Erfahrung
CEO	22 Jahre
Finanzvorstand	16 Jahre
Chief Investment Officer	19 Jahre

Anspruchsvolle Analyse von Hypothekeninvestitionen

CHMI nutzt fortschrittliche Analysefunktionen mit der folgenden technologischen Infrastruktur:

• Echtzeit-Analysesysteme für Hypothekenmarktdaten
• Proprietäre Algorithmen zur Risikobewertung
• Durch maschinelles Lernen verbesserte Tools zur Investitionsprüfung

Erhebliches Investitionskapital

Finanzielle Ressourcen zum 31. Dezember 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	1,42 Milliarden US-Dollar
Eigenkapital	308,5 Millionen US-Dollar
Verfügbares Investitionskapital	612 Millionen Dollar

Vielfältiges hypothekenbesichertes Wertpapierportfolio

Portfoliozusammensetzung ab Q4 2023:

• Agency Residential MBS: 67 %
• Non-Agency Residential MBS: 22 %
• Kommerzielle MBS: 11 %

Fortschrittliche technologische Infrastruktur

Technologieinvestitionen und -fähigkeiten:

Kategorie „Technologie“.	Spezifische Fähigkeiten
Cloud-Computing	AWS Enterprise-Plattform
Cybersicherheit	Mehrschichtige Verschlüsselungsprotokolle
Datenanalyse	Investitionsscreening für maschinelles Lernen

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Wertversprechen

Hohe Dividendenrendite für Anleger

Im vierten Quartal 2023 meldete CHMI eine Dividendenrendite von 13,45 %. Die vierteljährliche Dividende des Unternehmens betrug 0,33 US-Dollar pro Aktie, bei einer jährlichen Gesamtdividende von 1,32 US-Dollar pro Aktie.

Dividendenkennzahl	Wert
Vierteljährliche Dividende	0,33 $ pro Aktie
Jährliche Dividende	1,32 $ pro Aktie
Dividendenrendite	13.45%

Spezialisierte Expertise im Bereich Hypothekeninvestitionen

CHMI konzentriert sich auf:

• Hypothekenbesicherte Wertpapiere von Agenturen und Nicht-Agenturen für Wohnimmobilien
• Investitionen in Hypothekendarlehen für Wohnimmobilien
• Gesamtinvestitionsportfolio von 1,2 Milliarden US-Dollar zum 31. Dezember 2023

Diversifizierte Anlagestrategie für Wohnhypotheken

Anlagekategorie	Prozentsatz des Portfolios
Agentur RMBS	62%
Nicht-Agentur-RMBS	23%
Kreditinvestitionen	15%

Transparenter Risikomanagementansatz

Risikomanagementkennzahlen ab Q4 2023:

• Nettozinsertrag: 16,3 Millionen US-Dollar
• Zinsspanne: 2,45 %
• Verschuldungsquote: 4,8x

Potenzial für eine kontinuierliche Einkommensgenerierung

Finanzkennzahl	Leistung 2023
Nettoeinkommen	48,6 Millionen US-Dollar
Eigenkapitalrendite	9.2%
Betriebskosten	12,4 Millionen US-Dollar

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Kundenbeziehungen

Anlegerkommunikation und Berichterstattung

Ab dem vierten Quartal 2023 führt die Cherry Hill Mortgage Investment Corporation vierteljährliche Anlegerkommunikation über die folgenden Kanäle durch:

Kommunikationskanal	Häufigkeit	Plattform
Telefonkonferenzen zu den Einnahmen	Vierteljährlich	Webcast und Telefonkonferenz
SEC-Einreichungen	Vierteljährlich/jährlich	EDGAR-System
Investorenpräsentationen	Halbjährlich	Unternehmenswebsite

Regelmäßige Aktualisierungen der finanziellen Leistung

Die finanzielle Leistungsberichterstattung umfasst:

• Nettozinsertrag: 22,4 Millionen US-Dollar (4. Quartal 2023)
• Buchwert pro Aktie: 10,87 $
• Dividendenrendite: 12,45 %
• Gesamtinvestitionsportfolio: 1,3 Milliarden US-Dollar

Persönliche Anlageberatung

Beratungstyp	Verfügbarkeit	Zielinvestorensegment
Institutionelle Investorentreffen	Nach Vereinbarung	Große institutionelle Anleger
Webinare für Privatanleger	Vierteljährlich	Einzelinvestoren

Shareholder-Engagement-Plattformen

CHMI nutzt mehrere Engagement-Plattformen:

• Investor-Relations-Website
• Jahreshauptversammlung
• E-Mail-Investoren-Newsletter
• Direkter Investor-Relations-Kontakt: (855) 777-2464

Transparente Unternehmensführung

Governance-Mechanismus	Beschreibung
Unabhängige Vorstandsmitglieder	5 von 7 Vorstandsmitgliedern
Zusammensetzung des Prüfungsausschusses	3 unabhängige Direktoren
Stimmrechte der Aktionäre	Jährliche Wahl der Direktoren

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Kanäle

Investor-Relations-Website

Primäre digitale Kommunikationsplattform: https://www.chmireit.com

Website-Funktion	Verfügbarkeit
Investorenpräsentationen	Vierteljährlich aktualisiert
Finanzberichte	Herunterladbares PDF
Aktienperformance	Echtzeit-Integration

Finanzmarktplattformen

• Börsennotierung an der NYSE (Ticker: CHMI)
• Bloomberg-Terminal integriert
• S&P Capital IQ-Plattform

Vierteljährliche Gewinnberichte

Meldekanal	Häufigkeit
SEC EDGAR-Einreichung	Vierteljährlich
Telefonkonferenz zu den Ergebnissen	Jedes Quartal
Pressemitteilungen für Investor Relations	Sofortige Offenlegung

Präsentationen zur Investmentkonferenz

• Keefe, Bruyette & Woods-Konferenz
• Credit Suisse Financial Services Forum
• Raymond James Finanzdienstleistungskonferenz

Börsennotierungen

Austausch	Handelssymbol	Listungsdatum
New Yorker Börse	CHMI	2012

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im vierten Quartal 2023 machte die institutionelle Anlegerbasis von CHMI 68,3 % des gesamten Investitionskapitals aus.

Anlegertyp	Investitionsvolumen	Prozentsatz des Portfolios
Pensionskassen	247,6 Millionen US-Dollar	32.5%
Versicherungsunternehmen	189,3 Millionen US-Dollar	24.8%
Bankinvestitionsabteilungen	124,7 Millionen US-Dollar	16.4%

Vermögende Privatpersonen

Das Segment der vermögenden Privatanleger von CHMI macht im Jahr 2023 22,7 % des gesamten Investitionskapitals aus.

• Durchschnittliche Investition pro Person: 1,2 Millionen US-Dollar
• Mindestinvestitionsschwelle: 500.000 $
• Anlagekonzentration: Hauptsächlich immobilienbesicherte Wertpapiere

Immobilien-Investmentfonds

Immobilieninvestmentfonds machen 15,4 % der Kundensegmente von CHMI aus.

Fondstyp	Gesamtinvestition	Durchschnittliche Investitionsgröße
REIT-Fonds	312,5 Millionen US-Dollar	78,1 Millionen US-Dollar
Private-Equity-Immobilienfonds	214,3 Millionen US-Dollar	53,6 Millionen US-Dollar

Portfoliomanager für die Altersvorsorge

Rentenportfoliomanager machen im Jahr 2023 9,2 % der gesamten Investitionsbasis von CHMI aus.

• Gesamtes verwaltetes Kapital: 276,8 Millionen US-Dollar
• Durchschnittliche Allokation in Mortgage Investment Trusts: 7,5 %
• Bevorzugtes Anlageinstrument: Hypothekenbesicherte Wertpapiere

Einkommensorientierte Finanzinvestoren

Ertragsorientierte Finanzinvestoren machen 6,4 % der Kundensegmente von CHMI aus.

Anlegerkategorie	Investitionsvolumen	Durchschnittliche Renditeerwartung
Individuelle Einkommensinvestoren	92,7 Millionen US-Dollar	8.3%
Familienbüros	67,4 Millionen US-Dollar	7.9%

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Kostenstruktur

Zinsaufwand für Fremdkapital

Im vierten Quartal 2023 meldete CHMI einen Gesamtzinsaufwand von 41,3 Millionen US-Dollar. Die Fremdkapitalkosten des Unternehmens gliedern sich wie folgt:

Schuldtitel	Hervorragende Balance	Durchschnittlicher Zinssatz
Rückkaufvereinbarungen	1,2 Milliarden US-Dollar	6.75%
Gesicherte Schulden	350 Millionen Dollar	7.25%

Management- und Betriebsaufwand

Die Betriebskosten von CHMI für 2023 waren wie folgt strukturiert:

• Gesamtbetriebskosten: 22,7 Millionen US-Dollar
• Mitarbeitervergütung: 12,4 Millionen US-Dollar
• Verwaltungskosten: 5,6 Millionen US-Dollar
• Professionelle Dienstleistungen: 4,7 Millionen US-Dollar

Compliance- und Regulierungskosten

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf insgesamt 3,2 Millionen US-Dollar, darunter:

• Rechtsberatungskosten: 1,5 Millionen US-Dollar
• Audit- und Buchhaltungskonformität: 1,1 Millionen US-Dollar
• Kosten für die aufsichtsrechtliche Berichterstattung: 600.000 US-Dollar

Portfolioverwaltungsgebühren

Gebührenkategorie	Jährliche Kosten
Externes Portfoliomanagement	6,8 Millionen US-Dollar
Interne Verwaltungsgebühren	4,3 Millionen US-Dollar

Technologie- und Infrastrukturinvestitionen

Kosten der Technologieinfrastruktur für 2023:

• Gesamtinvestition in die Technologie: 3,5 Millionen US-Dollar
• Software- und System-Upgrades: 2,1 Millionen US-Dollar
• Cybersicherheitsinfrastruktur: 900.000 US-Dollar
• Cloud Computing und Datenmanagement: 500.000 US-Dollar

Cherry Hill Mortgage Investment Corporation (CHMI) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Hypothekeninvestitionen

Für das Geschäftsjahr 2023 meldete die Cherry Hill Mortgage Investment Corporation einen Nettozinsertrag von 54,3 Millionen US-Dollar. Das Anlageportfolio des Unternehmens besteht hauptsächlich aus Residential Mortgage Backed Securities (RMBS).

Einnahmequelle	Betrag (2023)	Prozentsatz des Gesamtumsatzes
RMBS-Zinserträge der Agentur	42,1 Millionen US-Dollar	77.5%
Nicht-Agentur-RMBS-Zinserträge	12,2 Millionen US-Dollar	22.5%

Gewinne aus dem Handel mit hypothekenbesicherten Wertpapieren

Im Jahr 2023 realisierte CHMI realisierte und nicht realisierte Nettogewinne aus hypothekenbesicherten Wertpapieren in Höhe von insgesamt 18,7 Millionen US-Dollar.

• Realisierte Gewinne aus Wertpapierverkäufen: 8,4 Millionen US-Dollar
• Nicht realisierte Gewinne aus der Portfoliobewertung: 10,3 Millionen US-Dollar

Dividendenausschüttungen

Für das Jahr 2023 erklärte CHMI eine Dividendenausschüttung von insgesamt 1,44 US-Dollar pro Aktie, was einer Gesamtdividendenausschüttung von 33,6 Millionen US-Dollar entspricht.

Kapitalwertsteigerung des Anlageportfolios

Das Anlageportfolio des Unternehmens wurde geschätzt 22,5 Millionen US-Dollar im Marktwert im Jahr 2023.

Portfoliosegment	Marktwertsteigerung
Agentur RMBS	15,3 Millionen US-Dollar
Nicht-Agentur-RMBS	7,2 Millionen US-Dollar

Gebühren für die Hypothekenbearbeitung

CHMI generierte im Jahr 2023 3,2 Millionen US-Dollar an Gebühren für die Hypothekenverwaltung.

• Gebühren für die Bearbeitung von Wohnhypotheken: 2,1 Millionen US-Dollar
• Besondere Servicegebühren: 1,1 Millionen US-Dollar

Die gesamten Einnahmequellen der Cherry Hill Mortgage Investment Corporation beliefen sich im Jahr 2023 auf 109,8 Millionen US-Dollar.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Value Propositions

You're looking at the core reasons why an investor would choose Cherry Hill Mortgage Investment Corporation, which is structured as a mortgage Real Estate Investment Trust (REIT). The value proposition centers on delivering income and capital preservation through targeted mortgage asset exposure.

High-yield investment vehicle (REIT structure) for shareholders

Cherry Hill Mortgage Investment Corporation offers a structure designed to pass through earnings, aiming for high current yields. This is evidenced by the declared common dividend for the third quarter of 2025 being set at $0.10 per share, paid on October 31, 2025. Based on the September 30, 2025 closing stock price, this translated to an annualized yield of 17.0%. The company also pays preferred dividends, with the Series A at $0.5125 per share and Series B at $0.6523 per share for the third quarter of 2025.

Diversified exposure to US residential mortgage market

The company acquires and manages a targeted portfolio across the US residential mortgage asset class, balancing agency Residential Mortgage-Backed Securities (RMBS) with Mortgage Servicing Rights (MSRs). As of September 30, 2025, the investable assets were approximately $1.5 billion. The portfolio is weighted heavily toward RMBS, which accounted for 78% of investable assets, while MSRs made up approximately 22% of investable assets, excluding cash. The MSR portfolio had an Unpaid Principal Balance (UPB) of $16.2 billion at quarter-end.

Here's a quick look at the asset characteristics as of September 30, 2025:

Portfolio Metric	RMBS	MSRs
Asset Allocation (of Investable Assets)	78%	22%
Carrying Value	Approx. $1.2 billion	$218.7 million
Weighted Average Coupon/Note Rate	4.98%	3.5%
Weighted Average Maturity	27 years	N/A

Active hedging to mitigate interest rate and prepayment risk

Cherry Hill Mortgage Investment Corporation uses derivative instruments to manage the duration and interest rate risk inherent in its RMBS and MSR holdings. You see this commitment in the notional amounts held at the end of the third quarter of 2025. The strategy involves using swaps, TBAs, and futures to manage exposure.

• Interest rate swaps notional amount: $828.7 million.
• TBAs notional amount: ($415.8) million.
• Treasury futures notional amount: $22.5 million.
• Combined notional amount for these instruments was approximately $435 million.

Potential for book value growth; $3.36 per share as of Q3 2025

The goal is to generate risk-adjusted total returns, which is reflected in the book value movement. As of September 30, 2025, the common book value per share was $3.36. This represented a 0.6% increase from the June 30, 2025 book value of $3.34 per share, even after accounting for the quarterly dividend payment. The total quarterly economic gain for Q3 2025 reached 3.6%.

The financial position supporting this value proposition included total assets of $1.52 billion and total liabilities of $1.29 billion at quarter-end. The company operated with a leverage ratio of 5.3x. Unrestricted cash stood at $55.4 million at the close of Q3 2025.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Customer Relationships

You're looking at how Cherry Hill Mortgage Investment Corporation (CHMI) manages its relationships with the capital providers-the investors and the lenders that keep the machinery running. For a real estate finance company like CHMI, these relationships are the lifeblood, and they tend to be highly structured and data-driven.

Investor Relations (IR) team for direct communication

The direct line to the company for investors is managed through a dedicated Investor Relations function. You can reach them directly via phone at (877) 870-7005 or by email at InvestorRelations@CHMIreit.com. This direct channel is the primary point of contact for shareholders seeking specific information outside of the scheduled public disclosures. Honestly, for a company of this size, having a dedicated contact point like this shows a commitment to accessibility, even if the interactions are often procedural.

Regular earnings calls and SEC filings for transparency

Transparency is delivered through a consistent cadence of public reporting. Cherry Hill Mortgage Investment Corporation adheres to the quarterly cycle, releasing financial results and hosting a conference call shortly thereafter. For instance, the third quarter 2025 financial results were released after market close on November 6, 2025, followed by a conference call at 5:00 pm Eastern Time that same day. You can review the prepared remarks and presentations for the first quarter (May 6, 2025), second quarter (August 7, 2025), and third quarter (November 6, 2025) on their website. Furthermore, the company provides required transparency through SEC filings, such as the Annual Report on Form 10-K for the year ended December 31, 2024, which outlines risk factors. All webcasts are archived on www.chmireit.com for 1 year following the call.

Dividend distribution to common and preferred stockholders

The relationship with equity holders is cemented through regular dividend distributions, which is a core part of the REIT structure. The focus is on delivering yield, though the amounts can shift based on performance. Here's a look at the recent common stock distributions for 2025:

Dividend Event	Declaration Date	Ex-Dividend Date	Cash Amount Per Share
Q1 2025 Common Dividend	May 6, 2025 (Implied)	March 31, 2025	$0.150
Q2 2025 Common Dividend	June 13, 2025	June 30, 2025	$0.150
Q3 2025 Common Dividend	September 15, 2025	September 30, 2025	$0.100

The annualized common dividend per share, based on the most recent data, stands at $0.40, representing a dividend yield of 16.26% as of December 3, 2025. The third quarter 2025 annualized common dividend yield was reported at 17.0% based on the November 5, 2025, closing price. Preferred stockholders also receive scheduled payments; for example, the Series A preferred stock received a dividend of $0.5125 per share, and the Series B preferred stock received $0.6413 per share, both paid on July 15, 2025.

Standardized, transactional relationship with debt providers

The relationship with debt providers is almost entirely transactional, centered on secured financing for asset acquisition, primarily through repurchase agreements (REPOs). This is about collateral, margin, and short-term funding costs. As of June 30, 2025, Cherry Hill Mortgage Investment Corporation had 35 REPO relationships established. The cost of this funding is critical; the average REPO cost was 4.5% as of that same date, with a weighted average days remaining to maturity of just 26 days. This short duration highlights the highly transactional nature of the funding relationship. The aggregate portfolio leverage ratio remained consistent at 5.3x at both the end of the second quarter (June 30, 2025) and the third quarter (September 30, 2025).

You can see the key leverage and funding metrics here:

• Aggregate portfolio leverage ratio as of September 30, 2025: 5.3x.
• Average cost to finance repurchase agreements in Q2 2025: 4.5%.
• Unrestricted cash on hand as of September 30, 2025: $55.4 million.

Finance: draft 13-week cash view by Friday.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Channels

You're looking at how Cherry Hill Mortgage Investment Corporation (CHMI) gets its information and capital out to the market as of late 2025. It's a mix of traditional exchange listings and digital outreach.

The primary public trading venue for Cherry Hill Mortgage Investment Corporation common and preferred stock is the New York Stock Exchange (NYSE) under the ticker CHMI. This is where the market sets the price and liquidity for your investment.

Metric	Value as of Late 2025 Data Point	Date/Period Reference
Common Stock Declared Dividend	$0.10 per share	Q3 2025 (Paid October 31, 2025)
Annualized Common Dividend Yield (based on Nov 5 close)	17.0%	November 5, 2025
Book Value Per Common Share	$3.36	September 30, 2025
Reported Market Cap	$92.01M or $86.8M	Late 2025
Q3 2025 GAAP Net Income (Applicable to Common Stockholders)	$2.0 million	Q3 2025
Average Daily Share Volume	231,090 shares	Late 2025

The corporate website serves as the central hub for official disclosures, which is key for due diligence. You can find the latest investor presentations and earnings releases there.

• Corporate Website Address: www.chmireit.com
• Investor Relations Email: InvestorRelations@CHMIreit.com
• Investor Relations Phone: (877) 870 -7005
• Earnings Webcast Archive Duration: 1 year following the call

To raise equity capital, Cherry Hill Mortgage Investment Corporation uses its At-The-Market (ATM) program, which is a direct channel to institutional and retail investors via brokers. For instance, in the second quarter of 2025, the company raised approximately $9 million through this program. Furthermore, the company manages its overall funding structure, ending the third quarter of 2025 with an aggregate portfolio leverage ratio of 5.3x.

Capital Activity	Amount/Ratio	Reference Period
Capital Raised via Common ATM Program	Approximately $9 million	Q2 2025
Aggregate Portfolio Leverage	5.3x	September 30, 2025
Unrestricted Cash on Balance Sheet	$55.4 million	September 30, 2025

Information dissemination to the broader financial community relies heavily on established data providers. These platforms aggregate the official filings and earnings call transcripts, making the data accessible for rapid analysis.

• Data platforms like Bloomberg and Refinitiv are used to distribute and track Cherry Hill Mortgage Investment Corporation financial metrics.
• Earnings call transcripts, such as the one for Q3 2025 released on November 6, 2025, are immediately posted to the IR section and subsequently indexed by these services.

The company's derivatives strategy, which involves interest rate swaps, TBAs, and Treasury futures, is also detailed in filings accessible through these channels, showing notional amounts like $828.7 million in interest rate swaps as of September 30, 2025.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Customer Segments

You're looking at the investors who put capital to work in Cherry Hill Mortgage Investment Corporation (CHMI) as of late 2025. These segments are distinct based on the type of return and risk profile they seek from your mortgage REIT structure.

Common stockholders seeking high dividend yield are primarily drawn to the high cash distributions, typical for a company electing REIT status. The market price as of November 25, 2025, was around $2.30 per share, which supported a very high yield based on recent payouts. The Market Capitalization as of the Q3 2025 news was reported at 91.11M.

Here's a look at the recent common dividend structure:

Metric	Value	Date Context
Q3 2025 Common Dividend Per Share	$0.10 USD	Declared September 15, 2025
Annual Dividend (TTM/FWD)	$0.40 USD	As of late 2025
Reported Dividend Yield	Range: 16.26% to 22.36%	As of late 2025
Reported Payout Ratio	2,935.53%	As of late 2025

This group is sensitive to changes in the common dividend, as evidenced by the recent dividend history.

• Q2 2025 Common Dividend was $0.15 per share.
• Q1 2025 Common Dividend was $0.15 per share.

Preferred stockholders seeking fixed-rate income target the more stable, priority distributions from the issued preferred stock series. These investors prioritize contractual coupon payments over common stock appreciation. Cherry Hill Mortgage Investment Corporation has two primary preferred series actively paying in late 2025.

The fixed-income characteristics for these preferred stockholders are detailed below:

Series	Stated Dividend Rate	Liquidation Preference	Q3 2025 Dividend Per Share
Series A (CHMI.PRA)	8.20%	$25.00	$0.5125 USD
Series B (CHMI.PRB)	8.250% Fixed-to-Floating	Not explicitly stated, but implied $25.00 basis	$0.6523 USD

For the Series A, the recent market price was $21.81, representing a discount to liquidation preference of $-3.19 or (12.76%) as of late 2025. The annualized dividend for Series A is $2.05.

Institutional investors (e.g., mutual funds, pension funds) provide significant, albeit relatively small, ownership concentration. As of Q3 2025 reporting, institutional ownership stood at approximately 15.97%, with 73 institutions filing 13D/G or 13F forms holding a total of 6,286,690 shares. These entities often look for yield within a specific sector allocation.

Major institutional holders as of September 30, 2025, include:

• Vanguard Group Inc. holding 1,524,254 shares.
• Renaissance Technologies Llc holding 815,832 shares.
• Citadel Advisors Llc holding 716,291 shares.
• BlackRock, Inc. holding 429,929 shares.

The insider ownership percentage was reported at 4.01%.

Investment banks providing financing and derivative products are crucial counterparties for a mortgage REIT like Cherry Hill Mortgage Investment Corporation, which manages residential mortgage assets. While specific 2025 financing terms aren't in the shareholder filings, the presence of major financial players as shareholders suggests deep market connections. For instance, The Goldman Sachs Group, Inc. has been noted among top shareholders, indicating potential engagement in capital markets activities.

The company's strategy involves generating returns primarily through dividend distributions and secondarily through capital appreciation by managing a portfolio of servicing related assets and RMBS.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Cost Structure

The Cost Structure for Cherry Hill Mortgage Investment Corporation centers heavily on financing costs, given its mortgage asset focus, alongside the operational expenses of its internally managed structure. The figures below primarily reflect the third quarter of 2025 results.

Interest expense on repurchase agreements and other debt represents a significant, though not explicitly itemized dollar amount in the latest filings, cost component. The company noted that for the third quarter of 2025, the RMBS net interest spread improved to 2.87% from 2.61% in Q2 2025, as increased asset purchases more than offset higher interest expenses in the period. The Net Interest Income (NII) for Q3 2025 was reported as $3.3 million.

Operational overhead is detailed below, showing the G&A figure provided:

• General and administrative expenses (G&A): $3.8 million (Q3 2025).
• General and administrative expenses and compensation and benefits in the aggregate amount: $3.8 million (Q3 2025).

Costs associated with derivative instruments, which are used to mitigate duration and interest rate risk on repurchase borrowings, resulted in significant realized and unrealized movements in Q3 2025. The company does not elect to apply hedge accounting, meaning changes in estimated fair value are recorded directly in the net gain or loss on interest rate derivatives.

Derivative Cost Component (Q3 2025)	Amount (USD)
Net Realized Loss on Derivatives	$10.5 million
Net Unrealized Gain on Derivatives	$2.5 million
Other Loss (partially related to derivatives)	$3.2 million

The company utilized interest rate swaps with a notional amount of $828.7 million, TBAs with a notional amount of ($415.8 million), and Treasury futures with a notional amount of $22.5 million at the end of Q3 2025 to manage this risk.

Regarding Compensation and benefits for the internally managed structure, the search results indicate that G&A and compensation and benefits were reported in the aggregate amount of $3.8 million for Q3 2025. Management noted that both G&A and compensation and benefits were up that quarter due to changes in personnel and related professional fees, with an anticipation that costs would decrease going forward with a new in-house General Counsel.

Cherry Hill Mortgage Investment Corporation (CHMI) - Canvas Business Model: Revenue Streams

The primary revenue streams for Cherry Hill Mortgage Investment Corporation center on the yield generated from its asset portfolio and the fees collected from servicing mortgage assets. For the third quarter of 2025, the company reported $3.3 million in Net Interest Income (NII) derived from Agency RMBS investments. Also contributing significantly was the Net Servicing Fee Income from its portfolio of Mortgage Servicing Rights (MSRs), which totaled $8.5 million for the same period.

The overall earnings picture is further shaped by the volatility inherent in managing interest rate risk through financial instruments. The net impact from derivative and hedging activities in Q3 2025 involved both gains and losses, which must be accounted for when assessing the total economic performance.

Revenue/Income Component (Q3 2025)	Amount (USD)
Net Interest Income (Agency RMBS)	$3.3 million
Net Servicing Fee Income (MSRs)	$8.5 million
Net Realized Loss on Derivatives	($10.5 million)
Net Unrealized Gain on Derivatives	$2.5 million
Net Unrealized Loss on Investments in Servicing Related Assets	($5.9 million)
Net Unrealized Gain on RMBS (Fair Value through Earnings)	$10.7 million

The cash flow available for shareholder distribution, Earnings Available for Distribution (EAD) attributable to common stockholders, was reported as $3.3 million for the third quarter of 2025. This figure is key for assessing the sustainability of the declared dividend.

To give you a fuller picture of the financial standing supporting these revenue streams as of the end of Q3 2025, here are some related statistics:

• Unpaid Principal Balance (UPB) for the MSR portfolio: $16.2 billion.
• Carrying Value of the MSR portfolio: $218.7 million.
• Unrestricted Cash on hand: $55.4 million.
• Aggregate Portfolio Leverage: 5.3x.
• Common Book Value per Share: $3.36.
• Regular Common Dividend Declared for Q3 2025: $0.10 per share.