Cherry Hill Mortgage swings to Q3 2026 net loss of $3.87 million
MITT•Cherry Hill Mortgage Investment reported a third-quarter 2026 net loss attributable to common stockholders of $3.87 million, versus a second-quarter profit. Income fell 17% to $6.56 million, expenses rose 61% to $6.47 million, and its pending merger with TPG Mortgage Investment Trust has an implied value of $117.5 million.
1. Quarterly results and merger
Cherry Hill Mortgage Investment swung to a third-quarter 2026 GAAP net loss attributable to common stockholders of $3.87 million from a second-quarter profit. Total income fell 17% from the prior quarter to $6.56 million, while total expenses climbed 61% to $6.47 million. The pending merger agreement with TPG Mortgage Investment Trust carries an implied transaction value of $117.5 million.
