Cherry hill mortgage investment corporation (CHMI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13
Income
Interest income

20,249

19,770

19,383

17,216

16,969

16,958

15,323

12,019

13,415

14,037

11,932

10,002

6,078

11,242

7,157

7,135

5,188

7,984

5,813

8,088

5,827

6,334

6,542

6,465

7,156

5,475

-

Interest expense

12,291

13,499

12,635

11,707

10,744

10,385

9,257

7,324

7,543

7,062

6,096

4,292

2,431

2,389

1,877

1,885

1,657

1,759

1,643

1,346

1,235

1,190

1,164

1,006

947

867

-

Net interest income

7,958

6,271

6,748

5,509

6,225

6,573

6,066

4,695

5,872

6,975

5,836

5,710

3,647

8,853

5,280

5,250

3,531

6,225

4,170

6,742

4,592

5,144

5,378

5,459

6,209

4,608

-

Amount of fees from providing shareholder services, including, but not limited to, answering shareholder inquiries and providing shareholders with information about their investments.

19,519

19,318

18,687

18,362

17,188

16,574

14,017

11,535

8,650

7,660

6,307

5,493

4,574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing costs

6,122

5,096

4,102

4,103

3,821

3,528

2,981

2,394

1,712

1,939

1,626

991

1,227

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts.

13,397

14,222

14,585

14,259

13,367

13,046

11,036

9,141

6,938

5,721

4,681

4,502

3,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing fee income

-

-

-

-

-

-

-

-

-

-

-

-

-

2,145

2,365

1,574

1,495

1,100

463

156

0

0

0

0

0

-

-

Servicing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

1,018

641

501

402

301

366

94

0

0

0

0

0

-

-

Net servicing income

-

-

-

-

-

-

-

-

-

-

-

-

-

1,127

1,724

1,073

1,093

799

97

62

0

0

0

0

0

-

-

Other income (loss)
Other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Realized loss on RMBS, available-for-sale, net

-17,543

627

275

0

0

-2,932

-428

-121

-4,881

-1

-169

-77

-256

74

770

235

320

393

269

-115

307

166

48

75

-349

-527

-

Refers to amount of realized gain (loss) on excess of mortgage servicing rights.

-

-

-

-

-

-

-

-

-

0

0

0

6,678

1,520

0

0

0

0

0

0

0

-

-

-

-

-

-

Realized loss on derivatives, net

-18,756

-17,148

12,627

-365

-7,476

-3,162

-707

-2,033

13

-1,260

-1,480

-1,797

-1,017

-4,056

-2,147

-299

-1,461

-1,672

-947

-52

-1,242

-1,359

-1,025

-187

-72

59

-

Realized gain on acquired assets, net

46

-28

54

0

0

-

-

-

-

-

-

-

-

0

0

0

0

275

0

174

0

0

0

0

0

-

-

Unrealized gain (loss) on derivatives, net

52,200

3,357

-2,133

-3,819

-8,272

-30,937

8,807

6,009

19,626

8,447

1,684

-4,633

1,082

15,307

3,199

-1,228

-5,198

4,634

-4,986

2,835

-2,542

-2,441

2,025

-2,705

-3,443

2,747

-

Refers to the amount of unrealized gain (loss) on investments in servicing related assets.

-93,853

1,959

-37,514

-44,042

-27,175

-21,924

6,218

-365

12,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refers to amount of unrealized gain (loss) on excess of mortgage servicing rights.

-

-

-

-

-

-

-

-

-

0

0

0

0

2,588

117

-149

-2,307

1,219

-2,059

2,938

-2,117

-301

-2,348

-1,976

-475

15,647

-

Refers to the amount of unrealized gain (loss) on investments in mortgage servicing rights.

-

-

-

-

-

-

-

-

-

3,688

-2,334

-4,507

12,312

3,870

-1,847

-3,076

-2,232

-560

-541

-22

0

0

0

0

0

-

-

Total loss

-56,551

9,260

-5,358

-28,458

-23,331

-39,336

30,992

17,326

40,066

23,570

8,218

-802

25,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Income

-

-

-

-

-

-

-

-

-

-

-

-

-

29,283

7,096

1,806

-6,254

11,313

-3,997

12,562

-1,002

1,209

4,078

666

1,870

22,534

-

Expenses
Audit fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

General and administrative expense

2,756

1,352

1,194

1,138

963

962

1,165

937

877

849

948

1,045

975

790

864

822

808

1,083

622

634

742

1,185

744

642

457

609

1

The total amount of management fee and expense reimbursement to affiliate.

1,965

1,999

2,042

1,934

1,809

1,649

1,599

1,383

1,315

1,345

948

1,162

892

764

802

690

690

713

690

690

690

682

520

679

679

616

-

Total Expenses

4,721

3,351

3,236

3,072

2,772

2,611

2,764

2,320

2,192

2,194

1,896

2,207

1,867

1,554

1,666

1,512

1,498

1,796

1,312

1,324

1,432

1,867

1,264

1,321

1,136

1,225

-

Loss Before Income Taxes

-61,272

5,909

-8,594

-31,530

-26,103

-41,947

28,228

15,006

37,874

21,376

6,322

-3,009

23,926

27,729

5,430

294

-7,752

9,517

-5,309

11,238

-2,434

-658

2,814

-655

734

21,309

-

Benefit from corporate business taxes

-16,512

-1,842

-5,643

-4,372

-4,965

-3,137

729

1,161

2,635

1,143

-537

-1,344

1,339

1,127

-89

10

-590

-134

-139

-70

0

-140

0

0

0

-

-

Net loss

-44,760

7,751

-2,951

-27,158

-21,138

-38,810

27,499

13,845

35,239

20,233

6,859

-1,665

22,587

26,602

5,519

284

-7,162

9,651

-5,170

11,308

-2,434

-518

2,814

-655

734

-

-

Net loss allocated to noncontrolling interests in Operating Partnership

-834

127

-43

-438

-349

-505

364

173

456

269

93

-119

412

432

76

2

-99

106

-46

103

-22

-5

26

-3

4

-

-

Dividends on preferred stock

2,459

2,460

2,459

2,593

1,841

1,395

1,372

1,317

1,213

1,240

593

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

Net Income (Loss) Applicable to Common Stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,545

-5,124

11,205

-2,412

-513

2,788

-652

730

21,309

-36

Net (income) loss allocated to LTIP - OP Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-107

-

Net Loss Applicable to Common Stockholders

-46,385

5,164

-5,367

-29,313

-22,630

-39,700

25,763

12,355

33,570

18,724

6,173

-1,546

22,175

-

-

-

-

-

-

-

-

-

-

-

-

21,202

-

Net Loss Per Share of Common Stock
Basic (in dollars per share)

-2.79

0.31

-0.32

-1.75

-1.36

-2.42

1.62

0.91

2.64

1.47

0.49

-0.12

2.90

3.48

0.72

0.04

-0.94

1.27

-0.68

1.49

-0.32

-0.07

0.37

-0.09

0.10

3.14

-

Diluted (in dollars per share)

-2.79

0.31

-0.32

-1.75

-1.36

-2.42

1.62

0.91

2.64

1.47

0.49

-0.12

2.90

3.48

0.72

0.04

-0.94

1.27

-0.68

1.49

-0.32

-0.07

0.37

-0.09

0.10

3.14

-

Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)

16,611

16,797

16,883

16,776

16,646

16,382

15,864

13,616

12,713

12,713

12,703

12,695

7,634

7,519

7,511

7,509

7,509

7,509

7,509

7,509

7,509

7,508

7,506

7,504

7,502

6,750

-

Diluted (in shares)

16,624

16,810

16,896

16,789

16,654

16,391

15,873

13,624

12,721

12,721

12,711

12,701

7,640

7,525

7,528

7,520

7,519

7,519

7,511

7,509

7,509

7,509

7,509

7,509

7,506

6,750

-