Cherry hill mortgage investment corporation (CHMI)
Income statement / TTM
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

76,618

73,338

70,526

66,466

61,269

57,715

54,794

51,403

49,386

42,049

39,254

34,479

31,612

30,722

27,464

26,120

27,073

27,712

26,062

26,791

25,168

26,497

25,638

0

0

0

-

Interest expense

50,132

48,585

45,471

42,093

37,710

34,509

31,186

28,025

24,993

19,881

15,208

10,989

8,582

7,808

7,178

6,944

6,405

5,983

5,414

4,935

4,595

4,307

3,984

0

0

0

-

Net interest income

26,486

24,753

25,055

24,373

23,559

23,206

23,608

23,378

24,393

22,168

24,046

23,490

23,030

22,914

20,286

19,176

20,668

21,729

20,648

21,856

20,573

22,190

21,654

0

0

0

-

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

75,886

73,555

70,811

66,141

59,314

50,776

41,862

34,152

28,110

24,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing costs

19,423

17,122

15,554

14,433

12,724

10,615

9,026

7,671

6,268

5,783

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

56,463

56,433

55,257

51,708

46,590

40,161

32,836

26,481

21,842

18,251

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing fee income

-

-

-

-

-

-

-

-

-

-

-

-

-

7,579

6,534

4,632

3,214

1,719

619

156

0

0

0

0

0

-

-

Servicing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

2,562

1,845

1,570

1,163

761

460

94

0

0

0

0

0

-

-

Net servicing income

-

-

-

-

-

-

-

-

-

-

-

-

-

5,017

4,689

3,062

2,051

958

159

62

0

0

0

0

0

-

-

Other income (loss)
Other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

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

-16,641

902

-2,657

-3,360

-3,481

-8,362

-5,431

-5,172

-5,128

-503

-428

511

823

1,399

1,718

1,217

867

854

627

406

596

-60

-753

0

0

0

-

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

-

-

-

-

-

-

-

-

-

6,678

8,198

8,198

8,198

1,520

0

0

0

0

0

0

0

-

-

-

-

-

-

Realized loss on derivatives, net

-23,642

-12,362

1,624

-11,710

-13,378

-5,889

-3,987

-4,760

-4,524

-5,554

-8,350

-9,017

-7,519

-7,963

-5,579

-4,379

-4,132

-3,913

-3,600

-3,678

-3,813

-2,643

-1,225

0

0

0

-

Realized gain on acquired assets, net

72

26

0

0

0

-

-

-

-

-

-

-

-

0

275

275

449

449

174

174

0

0

0

0

0

-

-

Unrealized gain (loss) on derivatives, net

49,605

-10,867

-45,161

-34,221

-24,393

3,505

42,889

35,766

25,124

6,580

13,440

14,955

18,360

12,080

1,407

-6,778

-2,715

-59

-7,134

-123

-5,663

-6,564

-1,376

0

0

0

-

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

-173,450

-106,772

-130,655

-86,923

-43,246

-3,573

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

0

2,588

2,705

2,556

249

-1,120

-3,296

-209

-19

-1,539

-1,828

-6,742

-5,100

10,848

0

0

0

-

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

-

-

-

-

-

-

-

-

-

9,159

9,341

9,828

11,259

-3,285

-7,715

-6,409

-3,355

-1,123

-563

-22

0

0

0

0

0

-

-

Total loss

-81,107

-47,887

-96,483

-60,133

-14,349

49,048

111,954

89,180

71,052

56,779

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Income

-

-

-

-

-

-

-

-

-

-

-

-

-

31,931

13,961

2,868

13,624

18,876

8,772

16,847

4,951

7,823

29,148

0

0

0

-

Expenses
Audit fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

General and administrative expense

6,440

4,647

4,257

4,228

4,027

3,941

3,828

3,611

3,719

3,817

3,758

3,674

3,451

3,284

3,577

3,335

3,147

3,081

3,183

3,305

3,313

3,028

2,452

1,709

0

0

0

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

7,940

7,784

7,434

6,991

6,440

5,946

5,642

4,991

4,770

4,347

3,766

3,620

3,148

2,946

2,895

2,783

2,783

2,783

2,752

2,582

2,571

2,560

2,494

0

0

0

-

Total Expenses

14,380

12,431

11,691

11,219

10,467

9,887

9,470

8,602

8,489

8,164

7,524

7,294

6,599

6,230

6,472

6,118

5,930

5,864

5,935

5,887

5,884

5,588

4,946

0

0

0

-

Loss Before Income Taxes

-95,487

-60,318

-108,174

-71,352

-24,816

39,161

102,484

80,578

62,563

48,615

54,968

54,076

57,379

25,701

7,489

-3,250

7,694

13,012

2,837

10,960

-933

2,235

24,202

0

0

0

-

Benefit from corporate business taxes

-28,369

-16,822

-18,117

-11,745

-6,212

1,388

5,668

4,402

1,897

601

585

1,033

2,387

458

-803

-853

-933

-343

-349

-210

-140

-140

0

0

0

-

-

Net loss

-67,118

-43,496

-90,057

-59,607

-18,604

37,773

96,816

76,176

60,666

48,014

54,383

53,043

54,992

25,243

8,292

-2,397

8,627

13,355

3,186

11,170

-793

2,375

0

0

0

-

-

Net loss allocated to noncontrolling interests in Operating Partnership

-1,188

-703

-1,335

-928

-317

488

1,262

991

699

655

818

801

922

411

85

-37

64

141

30

102

-4

22

0

0

0

-

-

Dividends on preferred stock

9,971

9,353

8,288

7,201

5,925

5,297

5,142

4,363

3,046

1,833

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net Income (Loss) Applicable to Common Stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,214

3,156

11,068

-789

2,353

24,175

21,350

0

0

0

Net (income) loss allocated to LTIP - OP Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Net Loss Applicable to Common Stockholders

-75,901

-52,146

-97,010

-65,880

-24,212

31,988

90,412

70,822

56,921

45,526

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

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

-