Cherry Hill Mortgage Q2 FY26 GAAP net income swings to USD 1.3 million; EAD rises to USD 5.5 million - CHMI News | RalliesCherry Hill Mortgage Q2 FY26 GAAP net income swings to USD 1.3 million; EAD rises to USD 5.5 million
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CHMI• Q2 FY26 earnings and income details
- Cherry Hill Mortgage posted GAAP net income applicable to common stockholders of USD 1.3 million, or USD 0.04 per share.
- Non-GAAP earnings available for distribution attributable to common stockholders rose to USD 5.5 million, or USD 0.15 per diluted share.
- Net interest income edged up to USD 4.7 million while net servicing income slipped to USD 7.4 million; other loss narrowed to USD 4.2 million.
- Common book value per share stood at USD 3.16, portfolio leverage was 5.02x, and unrestricted cash totaled USD 52.1 million.
Agreed acquisition by TPG Mortgage Investment Trust
- Cherry Hill Mortgage agreed to be acquired by TPG Mortgage Investment Trust for an implied USD 117.5 million.
- Under the deal, CHMI holders will receive 0.3063 MITT shares plus USD 0.93 cash per share.
