Cherry Hill Mortgage Investment Corporation (CHMI): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Cherry Hill Mortgage Investment Corporation (CHMI) emerge como un jugador dinámico en el panorama de inversión hipotecaria residencial, navegando estratégicamente el complejo mundo de los valores respaldados por hipotecas con precisión e innovación. Al aprovechar un modelo de negocio sofisticado que equilibra el riesgo, la experiencia y el valor del inversionista, CHMI transforma las inversiones hipotecarias en una oportunidad financiera convincente para los inversores institucionales e individuales que buscan generación consistente de ingresos y diversificación estratégica de cartera. Sumerja las complejidades de su lienzo comercial para descubrir cómo este REIT especializado crea valor en el ecosistema de inversión hipotecaria en constante evolución.

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocios: asociaciones clave

Originadores y administradores de préstamos hipotecarios

A partir del cuarto trimestre de 2023, CHMI ha establecido asociaciones con los siguientes creadores y administradores de préstamos hipotecarios:

Nombre de la pareja	Volumen de préstamos originado	Tipo de servicio
Wells Fargo	$ 127.3 millones	Origen del préstamo
Préstamos para el hogar de calibre	$ 93.6 millones	Servicio de préstamos
Hipoteca de la libertad	$ 84.2 millones	Origen del préstamo

Instituciones y bancos financieros

Las asociaciones financieras clave de Chmi incluyen:

• JPMorgan Chase - Fenta de crédito de $ 250 millones
• Bank of America - Línea de préstamos de almacén de $ 175 millones
• Goldman Sachs - Servicios de asesoramiento de Capital Markets

Fideicomisos de inversión inmobiliaria (REIT)

Asociaciones estratégicas de REIT a partir de 2024:

Socio de REIT	Colaboración de inversiones	Valor de asociación
Annaly Capital Management	Intercambio de valores respaldados por hipotecas	$ 345.7 millones
NUEVA CORP DE INVERSIÓN SIDRACIONAL	Cartera de inversiones conjuntas	$ 212.5 millones

Inversores y aseguradores del mercado de capitales

Asociaciones del mercado de capitales en 2024:

• Morgan Stanley - Servicios de suscripción
• Raymond James - Colocación de valores
• Keefe, Bruyette & Woods - Aviso financiero

Cumplimiento regulatorio y firmas de asesoramiento legal

Nombre firme	Alcance del servicio	Valor anual del contrato
Skadden, Arps, Slate, Meagher & Flom LLP	Cumplimiento regulatorio	$ 1.2 millones
K&L Gates LLP	Aviso legal	$875,000

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocio: actividades clave

Inversión hipotecaria y gestión de cartera

A partir del cuarto trimestre de 2023, CHMI gestionó una cartera de inversiones total de $ 1.07 mil millones en valores (RMBS) respaldados por hipotecas de agencia y no agencias. La composición de la cartera incluye:

Tipo de seguridad	Valor de cartera	Porcentaje
Agencia RMBS	$ 843 millones	78.7%
RMBS no agencias	$ 227 millones	21.3%

COMIDAD DE VELIDADES SIDERACIONES DE MUERTAS RESIDENCIALES (RMBS)

Las actividades comerciales de RMBS de Chmi en 2023 demostraron las siguientes características:

• Volumen de negociación total de RMBS: $ 412 millones
• Tamaño comercial promedio: $ 8.5 millones
• Frecuencia comercial: aproximadamente 49 transacciones por trimestre

Evaluación de riesgos y estrategias de cobertura

Métricas de gestión de riesgos para CHMI a partir de 2023:

Métrico de riesgo	Valor
Sensibilidad de la tasa de interés (duración)	2.3 años
Relación de cobertura	87.5%
Contratos derivados	Valor nocional de $ 276 millones

Optimización de la cartera de inversiones

Estrategias de optimización de cartera implementadas en 2023:

• Reequilibrio de cartera trimestral
• Objetivo de optimización del rendimiento: 9.2%
• Ajustes de asignación de activos

Crianza de capital y relaciones con los inversores

Actividades de recaudación de capital en 2023:

Método de recaudación de capital	Cantidad recaudada
Oferta de acciones comunes	$ 87.5 millones
Emisión de acciones preferida	$ 65.3 millones
Refinanciación de la deuda	$ 223 millones

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocios: recursos clave

Equipo experimentado de gestión financiera

A partir del cuarto trimestre de 2023, el equipo de gestión de Chmi consta de 5 ejecutivos clave con un promedio de 18 años de experiencia en inversión hipotecaria y finanzas inmobiliarias.

Puesto ejecutivo	Años de experiencia
CEO	22 años
director de Finanzas	16 años
Director de inversiones	19 años

Análisis sofisticado de inversiones hipotecarias

CHMI utiliza capacidades analíticas avanzadas con la siguiente infraestructura tecnológica:

• Sistemas de análisis de datos del mercado hipotecario en tiempo real
• Algoritmos de evaluación de riesgos de propiedad
• Herramientas de detección de inversiones mejoradas por el aprendizaje automático

Capital de inversión sustancial

Recursos financieros al 31 de diciembre de 2023:

Métrica financiera	Cantidad
Activos totales	$ 1.42 mil millones
Patrimonio de los accionistas	$ 308.5 millones
Capital de inversión disponible	$ 612 millones

Cartera de valores respaldados por hipotecas diversas

Composición de cartera a partir del cuarto trimestre 2023:

• MBS residencial de la agencia: 67%
• MBS residencial no agencia: 22%
• MBS comercial: 11%

Infraestructura tecnológica avanzada

Inversiones y capacidades tecnológicas:

Categoría de tecnología	Capacidades específicas
Computación en la nube	Plataforma AWS Enterprise
Ciberseguridad	Protocolos de cifrado de múltiples capas
Análisis de datos	Detección de inversión de aprendizaje automático

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocio: propuestas de valor

Alto rendimiento de dividendos para inversores

A partir del cuarto trimestre de 2023, CHMI informó un rendimiento de dividendo del 13,45%. El dividendo trimestral de la compañía fue de $ 0.33 por acción, con un dividendo anual total de $ 1.32 por acción.

Métrico de dividendos	Valor
Dividendo trimestral	$ 0.33 por acción
Dividendo anual	$ 1.32 por acción
Rendimiento de dividendos	13.45%

Experiencia de inversión hipotecaria especializada

Chmi se centra en:

• Valores respaldados por hipotecas de agencia y no agencia
• Inversiones en préstamos hipotecarios residenciales
• Cartera de inversión total de $ 1.2 mil millones al 31 de diciembre de 2023

Estrategia de inversión hipotecaria residencial diversificada

Categoría de inversión	Porcentaje de cartera
Agencia RMBS	62%
RMBS no agencias	23%
Inversiones de préstamos	15%

Enfoque transparente de gestión de riesgos

Métricas de gestión de riesgos a partir del cuarto trimestre 2023:

• Ingresos de intereses netos: $ 16.3 millones
• Difundido de la tasa de interés: 2.45%
• Relación de apalancamiento: 4.8x

Potencial para la generación de ingresos consistente

Métrica financiera	2023 rendimiento
Lngresos netos	$ 48.6 millones
Retorno sobre la equidad	9.2%
Gastos operativos	$ 12.4 millones

CHERRY HILL HILL HIPRESTA CORPORACIÓN DE INVERSIÓN (CHMI) - Modelo de negocios: relaciones con los clientes

Comunicación e informes de los inversores

A partir del cuarto trimestre de 2023, Cherry Hill Mortgage Investment Corporation mantiene la comunicación trimestral de los inversores a través de los siguientes canales:

Canal de comunicación	Frecuencia	Plataforma
Llamadas de conferencia de ganancias	Trimestral	Transmisión web y teleconferencia
Presentación de la SEC	Trimestral/anual	Sistema Edgar
Presentaciones de inversores	Semestralmente	Sitio web corporativo

Actualizaciones regulares de desempeño financiero

El informe de desempeño financiero incluye:

• Ingresos de intereses netos: $ 22.4 millones (cuarto trimestre de 2023)
• Valor en libros por acción: $ 10.87
• Rendimiento de dividendos: 12.45%
• Portafolio de inversión total: $ 1.3 mil millones

Consulta de inversión personalizada

Tipo de consulta	Disponibilidad	Segmento de inversionista objetivo
Reuniones de inversores institucionales	Por cita previa	Grandes inversores institucionales
Seminarios web de inversores minoristas	Trimestral	Inversores individuales

Plataformas de participación de los accionistas

CHMI utiliza múltiples plataformas de participación:

• Sitio web de relaciones con los inversores
• Reunión anual de accionistas
• Boletín de correo electrónico de inversionista
• Contacto directo de relaciones con los inversores: (855) 777-2464

Gobierno corporativo transparente

Mecanismo de gobierno	Descripción
Miembros de la junta independientes	5 de 7 miembros de la junta
Composición del comité de auditoría	3 directores independientes
Derechos de voto de los accionistas	Elección anual de directores

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocios: canales

Sitio web de relaciones con los inversores

Plataforma de comunicación digital primaria: https://www.chmireit.com

Característica del sitio web	Disponibilidad
Presentaciones de inversores	Actualizado trimestralmente
Informes financieros	PDF descargable
Rendimiento de stock	Integración en tiempo real

Plataformas de mercado financiero

• Listado de la Bolsa de Valores de NYSE (Ticker: CHMI)
• Terminal de Bloomberg integrado
• Plataforma S&P Capital IQ

Informes de ganancias trimestrales

Canal de informes	Frecuencia
Sec Edgar Presentación	Trimestral
Conferencia telefónica de ganancias	Cada trimestre
Comunicados de prensa de relaciones con los inversores	Divulgación inmediata

Presentaciones de conferencias de inversión

• Keefe, Bruyette & Conferencia de bosques
• Foro de servicios financieros de Credit Suisse
• Conferencia de servicios financieros de Raymond James

Listados de intercambio de valores

Intercambio	Símbolo de comercio	Fecha de listado
Bolsa de Nueva York	Chmi	2012

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocios: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, la base de inversores institucionales de CHMI representaba el 68.3% del capital de inversión total.

Tipo de inversor	Volumen de inversión	Porcentaje de cartera
Fondos de pensiones	$ 247.6 millones	32.5%
Compañías de seguros	$ 189.3 millones	24.8%
Divisiones de inversión bancaria	$ 124.7 millones	16.4%

Individuos de alto nivel de red

El segmento de inversores individuales de alto valor de Chmi representa el 22.7% del capital de inversión total en 2023.

• Inversión promedio por individuo: $ 1.2 millones
• Umbral de inversión mínimo: $ 500,000
• Concentración de inversión: principalmente valores respaldados por hipotecas inmobiliarias

Fondos de inversión inmobiliaria

Los fondos de inversión inmobiliaria constituyen el 15.4% de los segmentos de clientes de CHMI.

Tipo de fondo	Inversión total	Tamaño de inversión promedio
Fondos REIT	$ 312.5 millones	$ 78.1 millones
Fondos de bienes raíces de capital privado	$ 214.3 millones	$ 53.6 millones

Gerentes de cartera de jubilación

Los gerentes de cartera de jubilación representan el 9.2% de la base de inversiones totales de CHMI en 2023.

• Capital total administrado: $ 276.8 millones
• Asignación promedio a fideicomisos de inversión hipotecaria: 7.5%
• Vehículo de inversión preferido: valores respaldados por hipotecas

Inversores financieros centrados en los ingresos

Los inversores financieros centrados en los ingresos comprenden el 6.4% de los segmentos de clientes de CHMI.

Categoría de inversionista	Volumen de inversión	Expectativa de rendimiento promedio
Inversores de ingresos individuales	$ 92.7 millones	8.3%
Oficinas familiares	$ 67.4 millones	7.9%

CHERRY HILL HILL HITRAGET UNVERSION CORPORATION (CHMI) - Modelo de negocio: Estructura de costos

Gastos de intereses en capital prestado

A partir del cuarto trimestre de 2023, CHMI reportó un gasto de interés total de $ 41.3 millones. Los costos de endeudamiento de la compañía se estructuran de la siguiente manera:

Instrumento de deuda	Saldo pendiente	Tasa de interés promedio
Acuerdos de recompra	$ 1.2 mil millones	6.75%
Deuda asegurada	$ 350 millones	7.25%

Gestión y gastos generales operativos

Los gastos operativos de Chmi para 2023 se estructuraron como:

• Gastos operativos totales: $ 22.7 millones
• Compensación de empleados: $ 12.4 millones
• Costos administrativos: $ 5.6 millones
• Servicios profesionales: $ 4.7 millones

Cumplimiento y costos regulatorios

Los gastos de cumplimiento regulatorio para 2023 totalizaron $ 3.2 millones, que incluyen:

• Tarifas de asesoramiento legal: $ 1.5 millones
• Auditoría y cumplimiento contable: $ 1.1 millones
• Costos de informes regulatorios: $ 600,000

Tarifas de gestión de cartera

Categoría de tarifa	Costo anual
Gestión de cartera externa	$ 6.8 millones
Tarifas de gestión internas	$ 4.3 millones

Inversiones de tecnología e infraestructura

Costos de infraestructura tecnológica para 2023:

• Inversión tecnológica total: $ 3.5 millones
• Actualizaciones de software y sistemas: $ 2.1 millones
• Infraestructura de ciberseguridad: $ 900,000
• Computación en la nube y gestión de datos: $ 500,000

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de inversiones hipotecarias

Para el año fiscal 2023, Cherry Hill Mortgage Investment Corporation informó ingresos por intereses netos de $ 54.3 millones. La cartera de inversiones de la Compañía consiste principalmente en valores respaldados por hipotecas residenciales (RMB).

Fuente de ingresos	Cantidad (2023)	Porcentaje de ingresos totales
Ingresos por intereses de la agencia RMBS	$ 42.1 millones	77.5%
Ingresos por intereses de RMB no agencias	$ 12.2 millones	22.5%

Ganancias de la negociación de valores respaldados por hipotecas

En 2023, CHMI realizó ganancias netas realizadas y no realizadas en valores respaldados por hipotecas por un total de $ 18.7 millones.

• Ganancias realizadas de las ventas de valores: $ 8.4 millones
• Ganancias no realizadas de la valoración de la cartera: $ 10.3 millones

Distribuciones de dividendos

Para el año 2023, CHMI declaró distribuciones de dividendos totales de $ 1.44 por acción, con un pago total de dividendos de $ 33.6 millones.

Apreciación de capital de la cartera de inversiones

La cartera de inversiones de la compañía apreciada por $ 22.5 millones en valor de mercado durante 2023.

Segmento de cartera	Apreciación del valor de mercado
Agencia RMBS	$ 15.3 millones
RMBS no agencias	$ 7.2 millones

Tarifas de servicio hipotecario

CHMI generó $ 3.2 millones en tarifas relacionadas con el servicio hipotecario durante 2023.

• Tarifas de servicio hipotecario residencial: $ 2.1 millones
• Tasas de servicio especiales: $ 1.1 millones

Las fuentes de ingresos totales para Cherry Hill Mortgage Investment Corporation en 2023 ascendieron a $ 109.8 millones.

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.