Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2024 Results
Portfolio Pulse from
Cherry Hill Mortgage Investment Corporation reported a GAAP net loss of $14.8 million for Q3 2024, with earnings available for distribution of $2.5 million. The common book value per share was $4.02 as of September 30, 2024.
November 12, 2024 | 9:30 pm
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Cherry Hill Mortgage Investment Corporation reported a GAAP net loss of $14.8 million for Q3 2024, with earnings available for distribution of $2.5 million. The common book value per share was $4.02 as of September 30, 2024.
The reported GAAP net loss of $14.8 million is a negative indicator for Cherry Hill's financial health, likely leading to a short-term decrease in stock price. The earnings available for distribution are relatively low, and the book value per share is modest, further contributing to a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100