Earnings Call Summary | Cherry Hill Mortgage Investment(CHMI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Cherry Hill Mortgage Investment(CHMI.US) Q2 2024 Earnings Conference
Book value per common share decreased to $4.15, driven by Special Committee expenses and high dividend payments on Class B preferred shares.The following is a summary of the Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024 Earnings Call Transcript:
以下是Cherry Hill Mortgage Investment Corporation (CHMI) Q2 2024业绩会议要点总结：
Financial Performance:
金融业绩：
Cherry Hill reported a GAAP net loss applicable to common stockholders of $0.06 per diluted share.
Earnings available for distribution (EAD) were $2.3 million, or $0.08 per share, impacted by $0.06 per share of expenses related to the Special Committee's efforts.
Book value per common share decreased to $4.15, driven by Special Committee expenses and high dividend payments on Class B preferred shares.
Cherry Hill报告每股摊薄后应占普通股股东的GAAP净损失为0.06美元。
可分配收益（EAD）为230万美元，即每股0.08美元，受特别委员会努力的0.06美元每股费用的影响。
每股普通股的账面价值降至4.15美元，主要由于特别委员会支出和b类优先股股息高导致。
Business Progress:
业务进展：
Cherry Hill has initiated the internalization of management to become a fully integrated internally managed mortgage REIT. This transition aims to reduce expenses, enhance earnings, and align management with the investment community.
The company strategically sold over $1 billion in UPB of low loan balance MSRs to improve portfolio efficiency and reduce servicing costs.
Cherry Hill已经启动管理内部化，成为完全一体化的内部管理抵押贷款REIT。这一转变旨在降低成本，增强收益，并将管理与投资社区对齐。
公司战略性出售价值超过10亿美元的低贷款余额MSR，以提高组合效率和降低服务成本。
Opportunities:
机会：
The anticipated Federal Reserve rate cuts should enable Cherry Hill to reposition its portfolio to take advantage of the steepening yield curve.
Cherry Hill plans to invest in Agency RMBS offering strong risk-adjusted returns and reduce the portion of preferred equity in its capital structure.
预期的美联储降息应能使Cherry Hill重新调整其组合，以利用陡峭的收益曲线。
Cherry Hill计划投资于提供强有力风险调整回报的机构RMBS，并减少其资本结构中优先股的比例。
Risks:
风险：
Continued market volatility exacerbated by geopolitical unrest, the upcoming U.S. Presidential election, and possible central bank interest rate cuts impacting portfolio performance.
持续的市场波动加剧了地缘政治动荡，即将到来的美国总统选举和可能的中央银行利率削减，影响了投资组合的表现。
More details: Cherry Hill Mortgage Investment IR
更多详情：Cherry Hill Mortgage Investment IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
