CHERRY HILL MORTGAGE Investment Corporation (CHMI): Modelo de negócios Canvas [Jan-2025 Atualizado]

A Cherry Hill Mortgage Investment Corporation (CHMI) surge como um participante dinâmico no cenário de investimento residencial de hipoteca, navegando estrategicamente no complexo mundo dos valores mobiliários apoiados por hipotecas com precisão e inovação. Ao alavancar um modelo de negócios sofisticado que equilibra riscos, conhecimentos e valor dos investidores, o CHMI transforma os investimentos em hipotecas em uma oportunidade financeira atraente para investidores institucionais e individuais que buscam geração de renda consistente e diversificação estratégica de portfólio. Mergulhe nos meandros de seus negócios para descobrir como esse REIT especializado cria valor no ecossistema de investimento hipotecário em constante evolução.

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: Parcerias -chave

Originadores de empréstimos hipotecários e funcionários

A partir do quarto trimestre 2023, o CHMI estabeleceu parcerias com os seguintes criadores de empréstimos e prestadores de empréstimos hipotecários:

Nome do parceiro	Volume de empréstimos originados	Tipo de serviço
Wells Fargo	US $ 127,3 milhões	Originação de empréstimos
Empréstimos à habitação de calibre	US $ 93,6 milhões	Manutenção de empréstimos
Freedom Mortgage	US $ 84,2 milhões	Originação de empréstimos

Instituições financeiras e bancos

As principais parcerias financeiras do CHMI incluem:

• JPMorgan Chase - Linha de crédito de US $ 250 milhões
• Bank of America - Linha de empréstimo de armazém de US $ 175 milhões
• Goldman Sachs - Serviços de Consultoria para mercados de capitais

Funcionários de investimento imobiliário (REITs)

Parcerias estratégicas de REIT em 2024:

REIT Partner	Colaboração de investimentos	Valor da parceria
Annaly Capital Management	Bolsa de Valores Mobiliários, apoiada por hipotecas	US $ 345,7 milhões
Nova Corp Residencial Investment	Portfólio de investimentos conjuntos	US $ 212,5 milhões

Investidores e subscritores do mercado de capitais

Parcerias do mercado de capitais em 2024:

• Morgan Stanley - Serviços de subscrição
• Raymond James - colocação de valores mobiliários
• Keefe, Bruyette & Woods - Conselho Financeiro

Empresas regulatórias de conformidade e consultoria jurídica

Nome da empresa	Escopo de serviço	Valor anual do contrato
Skadden, Arps, Slate, Meagher & Flom llp	Conformidade regulatória	US $ 1,2 milhão
K&L Gates LLP	Consultoria jurídica	$875,000

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: Atividades -chave

Investimento de hipoteca e gerenciamento de portfólio

A partir do quarto trimestre de 2023, o CHMI administrou um portfólio total de investimentos de US $ 1,07 bilhão em títulos de agência e residencial não agregado (RMBs). A composição do portfólio inclui:

Tipo de segurança	Valor do portfólio	Percentagem
Agency RMBS	US $ 843 milhões	78.7%
RMBs não agrence	US $ 227 milhões	21.3%

Negociação de valores mobiliários lastreados em hipotecas residenciais (RMBs)

As atividades de negociação RMBS da CHMI em 2023 demonstraram as seguintes características:

• Volume total de negociação RMBS: US $ 412 milhões
• Tamanho médio do comércio: US $ 8,5 milhões
• Frequência de negociação: aproximadamente 49 transações por trimestre

Estratégias de avaliação e hedge de avaliação de risco

Métricas de gerenciamento de riscos para CHMI a partir de 2023:

Métrica de risco	Valor
Sensibilidade à taxa de juros (duração)	2,3 anos
Taxa de hedge	87.5%
Contratos derivados	Valor nocional de US $ 276 milhões

Otimização do portfólio de investimentos

Estratégias de otimização de portfólio implementadas em 2023:

• Rebalanceamento trimestral do portfólio
• Alvo de otimização de rendimento: 9,2%
• Ajustes de alocação de ativos

Captura de capital e relações de investidores

Atividades de levantamento de capital em 2023:

Método de elevação de capital	Valor aumentado
Oferta de ações ordinárias	US $ 87,5 milhões
Emissão de ações preferenciais	US $ 65,3 milhões
Refinanciamento da dívida	US $ 223 milhões

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: Recursos -chave

Equipe de gestão financeira experiente

A partir do quarto trimestre de 2023, a equipe de gerenciamento da CHMI consiste em 5 executivos -chave, com uma média de 18 anos de experiência em investimento hipotecário e financiamento imobiliário.

Posição executiva	Anos de experiência
CEO	22 anos
Diretor Financeiro	16 anos
Diretor de Investimento	19 anos

Análise sofisticada de investimentos hipotecários

O CHMI utiliza recursos analíticos avançados com a seguinte infraestrutura tecnológica:

• Sistemas de análise de dados do mercado de hipotecas em tempo real
• Algoritmos de avaliação de risco proprietários
• Ferramentas de triagem de investimento aprimoradas de aprendizado de máquina

Capital de investimento substancial

Recursos financeiros em 31 de dezembro de 2023:

Métrica financeira	Quantia
Total de ativos	US $ 1,42 bilhão
Equidade dos acionistas	US $ 308,5 milhões
Capital de investimento disponível	US $ 612 milhões

Portfólio de valores mobiliários lastreados em hipotecas

Composição do portfólio a partir do quarto trimestre 2023:

• Agência MBS residencial: 67%
• MBS residenciais não agência: 22%
• MBS comerciais: 11%

Infraestrutura tecnológica avançada

Investimentos e recursos de tecnologia:

Categoria de tecnologia	Recursos específicos
Computação em nuvem	AWS Enterprise Platform
Segurança cibernética	Protocolos de criptografia de várias camadas
Análise de dados	Triagem de investimento de aprendizado de máquina

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: proposições de valor

Alto rendimento de dividendos para investidores

A partir do quarto trimestre de 2023, o CHMI relatou um rendimento de dividendos de 13,45%. O dividendo trimestral da empresa foi de US $ 0,33 por ação, com um dividendo anual total de US $ 1,32 por ação.

Métrica de dividendos	Valor
Dividendo trimestral	US $ 0,33 por ação
Dividendo anual	US $ 1,32 por ação
Rendimento de dividendos	13.45%

Experiência especializada em investimentos hipotecários

O CHMI se concentra em:

• Agência e valores mobiliários lastreados em hipotecas residenciais
• Investimentos em empréstimos hipotecários residenciais
• Portfólio total de investimentos de US $ 1,2 bilhão em 31 de dezembro de 2023

Estratégia diversificada de investimento residencial hipotecário

Categoria de investimento	Porcentagem de portfólio
Agency RMBS	62%
RMBs não agrence	23%
Investimentos em empréstimos	15%

Abordagem transparente de gerenciamento de riscos

Métricas de gerenciamento de riscos a partir do quarto trimestre 2023:

• Receita líquida de juros: US $ 16,3 milhões
• Spread de taxa de juros: 2,45%
• Razão de alavancagem: 4,8x

Potencial para geração de renda consistente

Métrica financeira	2023 desempenho
Resultado líquido	US $ 48,6 milhões
Retorno sobre o patrimônio	9.2%
Despesas operacionais	US $ 12,4 milhões

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: Relacionamentos do cliente

Comunicação e relatórios de investidores

A partir do quarto trimestre 2023, a Cherry Hill Mortgage Investment Corporation mantém a comunicação trimestral dos investidores através dos seguintes canais:

Canal de comunicação	Freqüência	Plataforma
Damadas de conferência de ganhos	Trimestral	Webcast e teleconferência
Registros da SEC	Trimestral/anual	Sistema Edgar
Apresentações de investidores	Semestralmente	Site corporativo

Atualizações regulares de desempenho financeiro

O relatório de desempenho financeiro inclui:

• Receita líquida de juros: US $ 22,4 milhões (quarto trimestre 2023)
• Valor contábil por ação: $ 10,87
• Rendimento de dividendos: 12,45%
• Portfólio de investimento total: US $ 1,3 bilhão

Consulta de investimento personalizado

Tipo de consulta	Disponibilidade	Segmento de investidores alvo
Reuniões institucionais de investidores	Com hora marcada	Grandes investidores institucionais
Webinars de investidores de varejo	Trimestral	Investidores individuais

Plataformas de engajamento dos acionistas

O CHMI utiliza várias plataformas de engajamento:

• Site de Relações com Investidores
• Reunião Anual dos Acionistas
• Email Investor Newsletter
• Contato de relações com investidores diretos: (855) 777-2464

Governança corporativa transparente

Mecanismo de governança	Descrição
Membros independentes do conselho	5 dos 7 membros do conselho
Composição do comitê de auditoria	3 diretores independentes
Direitos de voto dos acionistas	Eleição anual de diretores

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: canais

Site de Relações com Investidores

Plataforma de comunicação digital primária: https://www.chmireit.com

Recurso do site	Disponibilidade
Apresentações de investidores	Atualizado trimestralmente
Relatórios financeiros	PDF para download
Desempenho de ações	Integração em tempo real

Plataformas de mercado financeiro

• Listagem da Bolsa de Valores da NYSE (Ticker: CHMI)
• Terminal Bloomberg integrado
• S&P Capital IQ Platform

Relatórios de ganhos trimestrais

Canal de relatório	Freqüência
Sec Edgar arquivamento	Trimestral
Teleconferência de ganhos	A cada trimestre
Comunicados de imprensa de relações com investidores	Divulgação imediata

Apresentações da Conferência de Investimentos

• Keefe, Bruyette & Conferência de Woods
• Fórum de Serviços Financeiros de Crédito Suisse
• Conferência de Serviços Financeiros de Raymond James

Listagens de trocas de valores mobiliários

Intercâmbio	Símbolo de negociação	Data de listagem
Bolsa de Valores de Nova York	Chmi	2012

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

Investidores institucionais

A partir do quarto trimestre 2023, a Base Institucional de Investidores da CHMI representou 68,3% do capital total de investimento.

Tipo de investidor	Volume de investimento	Porcentagem de portfólio
Fundos de pensão	US $ 247,6 milhões	32.5%
Companhias de seguros	US $ 189,3 milhões	24.8%
Divisões de investimento bancário	US $ 124,7 milhões	16.4%

Indivíduos de alta rede

O segmento de investidores individuais de alta rede da CHMI é responsável por 22,7% do capital total de investimento em 2023.

• Investimento médio por indivíduo: US $ 1,2 milhão
• Limite mínimo de investimento: US $ 500.000
• Concentração de investimento: principalmente valores mobiliários apoiados por hipotecas imobiliárias

Fundos de investimento imobiliário

Os fundos de investimento imobiliário constituem 15,4% dos segmentos de clientes da CHMI.

Tipo de fundo	Investimento total	Tamanho médio de investimento
Fundos reit	US $ 312,5 milhões	US $ 78,1 milhões
Fundos imobiliários de private equity	US $ 214,3 milhões	US $ 53,6 milhões

Gerentes de portfólio de aposentadoria

Os gerentes de portfólio de aposentadoria representam 9,2% da base total de investimentos do CHMI em 2023.

• Capital gerenciado total: US $ 276,8 milhões
• Alocação média para fundos de investimento hipotecário: 7,5%
• Veículo de investimento preferido: títulos lastreados em hipotecas

Investidores financeiros focados em renda

Os investidores financeiros focados em renda representam 6,4% dos segmentos de clientes da CHMI.

Categoria de investidores	Volume de investimento	Expectativa média de rendimento
Investidores de renda individuais	US $ 92,7 milhões	8.3%
Escritórios familiares	US $ 67,4 milhões	7.9%

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: estrutura de custos

Despesa de juros em capital emprestado

A partir do quarto trimestre de 2023, o CHMI registrou uma despesa total de juros de US $ 41,3 milhões. Os custos de empréstimos da empresa são estruturados da seguinte forma:

Instrumento de dívida	Saldo pendente	Taxa de juros média
Acordos de recompra	US $ 1,2 bilhão	6.75%
Dívida garantida	US $ 350 milhões	7.25%

Gestão e sobrecarga operacional

As despesas operacionais do CHMI para 2023 foram estruturadas como:

• Despesas operacionais totais: US $ 22,7 milhões
• Compensação de funcionários: US $ 12,4 milhões
• Custos administrativos: US $ 5,6 milhões
• Serviços profissionais: US $ 4,7 milhões

Conformidade e custos regulatórios

As despesas de conformidade regulatória de 2023 totalizaram US $ 3,2 milhões, incluindo:

• Taxas de consultoria jurídica: US $ 1,5 milhão
• Conformidade de Auditoria e Contabilidade: US $ 1,1 milhão
• Custos de relatórios regulatórios: US $ 600.000

Taxas de gerenciamento de portfólio

Categoria de taxa	Custo anual
Gerenciamento de portfólio externo	US $ 6,8 milhões
Taxas de gerenciamento interno	US $ 4,3 milhões

Investimentos de tecnologia e infraestrutura

Custos de infraestrutura de tecnologia para 2023:

• Investimento de tecnologia total: US $ 3,5 milhões
• Atualizações de software e sistemas: US $ 2,1 milhões
• Infraestrutura de segurança cibernética: US $ 900.000
• Computação em nuvem e gerenciamento de dados: US $ 500.000

Cherry Hill Mortgage Investment Corporation (CHMI) - Modelo de negócios: fluxos de receita

Receita de juros de investimentos hipotecários

Para o ano fiscal de 2023, a Cherry Hill Mortgage Investment Corporation registrou receita de juros líquidos de US $ 54,3 milhões. O portfólio de investimentos da empresa consiste principalmente em títulos residenciais, apoiados por hipotecas (RMBs).

Fonte de receita	Valor (2023)	Porcentagem da receita total
Agency RMBS Receita de juros	US $ 42,1 milhões	77.5%
Receita de juros de RMBS não agência	US $ 12,2 milhões	22.5%

Ganhos de negociação de valores mobiliários apoiados por hipotecas

Em 2023, o CHMI realizou ganhos líquidos obtidos e não realizados em títulos apoiados por hipotecas, totalizando US $ 18,7 milhões.

• Ganhos realizados com vendas de valores mobiliários: US $ 8,4 milhões
• Ganhos não realizados da avaliação do portfólio: US $ 10,3 milhões

Distribuições de dividendos

Para o ano de 2023, o CHMI declarou distribuições totais de dividendos de US $ 1,44 por ação, com um pagamento total de dividendos de US $ 33,6 milhões.

Apreciação de capital do portfólio de investimentos

O portfólio de investimentos da empresa apreciado por US $ 22,5 milhões em valor de mercado durante 2023.

Segmento de portfólio	Valorização do valor de mercado
Agency RMBS	US $ 15,3 milhões
RMBs não agrence	US $ 7,2 milhões

Taxas de manutenção de hipotecas

O CHMI gerou US $ 3,2 milhões em taxas relacionadas a serviços de hipoteca durante 2023.

• Taxas de manutenção de hipotecas residenciais: US $ 2,1 milhões
• Taxas especiais de manutenção: US $ 1,1 milhão

Os fluxos totais de receita para a Cherry Hill Mortgage Investment Corporation em 2023 totalizaram US $ 109,8 milhões.

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.