Overview
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- TickerCHMI on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersTinton Falls, United States2
- Incorporated inMD3
- Business address4000 Route 66, Suite 310, Tinton Falls, Nj 077533
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formStock Corporation2
- LEI254900SBI2EPU32HAT292
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093-2264 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D149235102
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Inc. (“Aurora”), which is our licensed mortgage servicing subsidiary and a wholly owned subsidiary of Solutions, are subject to regular corporate U.S. federal, state and local income taxes on their taxable income.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue40¢$9.3M
- Other costs21¢$4.9M
- Income tax9¢$2.2M
- Profit30¢$6.9M
Out of $23.3M in revenue.7
Where each dollar of operating cash went, fiscal 2025
- Dividends paid100¢$28.7M
Out of $19.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest income | $61.1M | $55.8M | $50.0M |
| Interest expense | $49.8M | $55.8M | $51.6M |
| Net interest income (expense) | $11.3M | $29.0K | -$1.7M |
| Servicing fee income | $43.3M | $48.5M | $53.4M |
| Servicing costs | $9.3M | $12.4M | $11.2M |
| Net servicing income | $34.0M | $36.1M | $42.2M |
| Realized loss on RMBS, net | -$6.0M | -$6.6M | -$36.3M |
| Realized gain on investments in MSRs, net | $0 | $504.0K | $0 |
| Realized gain on derivatives, net | $7.0M | $21.3M | $33.8M |
| Realized gain on acquired assets, net | $2.0K | $2.0K | $23.0K |
| Unrealized gain (loss) on RMBS, measured at fair value through earnings, net | $35.6M | -$19.4M | $9.8M |
| Unrealized gain (loss) on derivatives, net | -$39.8M | $9.8M | -$43.1M |
| Unrealized loss on investments in Servicing Related Assets | -$18.8M | -$7.2M | -$25.9M |
| Total Income (Loss) | $23.3M | $34.6M | -$21.2M |
| General and administrative expense | $7.7M | $10.7M | $6.4M |
| Compensation and benefits | $6.5M | $1.6M | $466.0K |
| Management fee to affiliate | $0 | $6.0M | $6.8M |
| Total Expenses | $14.2M | $18.3M | $13.7M |
| Income (Loss) Before Income Taxes | $9.1M | $16.3M | -$34.9M |
| Provision for corporate business taxes | $2.2M | $4.1M | $523.0K |
| Net Income (Loss) | $6.9M | $12.2M | -$35.5M |
| Net (income) loss allocated to noncontrolling interests in Operating Partnership | -$114.0K | -$240.0K | $661.0K |
| Dividends on preferred stock | -$9.8M | -$10.0M | -$9.9M |
| Gain on repurchase and retirement of preferred stock | $0 | $78.0K | $0 |
| Net Income (Loss) Applicable to Common Stockholders | -$3.0M | $2.1M | -$44.6M |
| Basic (in dollars per share) | -$0.09 | $0.07 | -$1.70 |
| Diluted (in dollars per share) | -$0.09 | $0.07 | -$1.70 |
| Basic (in shares) | 34.4M shares | 30.4M shares | 26.3M shares |
| Diluted (in shares) | 34.4M shares | 30.4M shares | 26.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| RMBS, at fair value (including pledged assets of $1,189,714 and $1,103,622, respectively) | $1.2B | $1.1B | ||
| Investments in Servicing Related Assets, at fair value (including pledged assets of $214,831 and $233,658, respectively) | $214.8M | $233.7M | ||
| Cash and cash equivalents | $54.9M | $46.3M | $52.9M | |
| Restricted cash | $7.5M | $24.4M | $16.4M | |
| Derivative assets | $14.8M | $30.0M | ||
| Receivables and other assets | $34.6M | $34.3M | ||
| Total Assets | $1.5B | $1.5B | ||
| Repurchase agreements | $1.1B | $1.1B | ||
| Derivative liabilities | $2.3M | $3.9M | ||
| Notes payable | $145.2M | $151.2M | ||
| Dividends payable | $5.9M | $7.0M | ||
| Accrued expenses and other liabilities | $11.4M | $18.2M | ||
| Total Liabilities | $1.3B | $1.3B | ||
| Common stock, $0.01 par value per share, 500,000,000 shares authorized and 36,739,538 shares issued and outstanding as of December 31, 2025 and 500,000,000 shares authorized and 31,625,073 shares issued and outstanding as of December 31, 2024 | $373.0K | $322.0K | ||
| Additional paid-in capital | $396.5M | $381.1M | ||
| Accumulated deficit | -$270.4M | -$249.6M | ||
| Accumulated other comprehensive income (loss) | $3.7M | -$7.3M | ||
| Total Cherry Hill Mortgage Investment Corporation Stockholders' Equity | $236.0M | $230.3M | ||
| Non-controlling interests in Operating Partnership | $2.5M | $3.3M | ||
| Total Stockholders' Equity | $238.5M | $233.6M | $258.4M | $265.5M |
| Total Liabilities and Stockholders' Equity | $1.5B | $1.5B | ||
| RMBS, pledged assets | $1.2B | $1.1B | ||
| Investments in Servicing Related pledged assets at fair value | $214.8M | $233.7M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in shares) | 36.7M shares | 31.6M shares | ||
| Common stock, shares outstanding (in shares) | 36.7M shares | 31.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| RMBS, at fair value (including pledged assets of $1,189,714 and $1,103,622, respectively) | $1.2B | $1.1B | ||
| Investments in Servicing Related Assets, at fair value (including pledged assets of $214,831 and $233,658, respectively) | $214.8M | $233.7M | ||
| Cash and cash equivalents | $54.9M | $46.3M | $52.9M | |
| Restricted cash | $7.5M | $24.4M | $16.4M | |
| Derivative assets | $14.8M | $30.0M | ||
| Receivables and other assets | $34.6M | $34.3M | ||
| Total Assets | $1.5B | $1.5B | ||
| Repurchase agreements | $1.1B | $1.1B | ||
| Derivative liabilities | $2.3M | $3.9M | ||
| Notes payable | $145.2M | $151.2M | ||
| Dividends payable | $5.9M | $7.0M | ||
| Accrued expenses and other liabilities | $11.4M | $18.2M | ||
| Total Liabilities | $1.3B | $1.3B | ||
| Common stock, $0.01 par value per share, 500,000,000 shares authorized and 36,739,538 shares issued and outstanding as of December 31, 2025 and 500,000,000 shares authorized and 31,625,073 shares issued and outstanding as of December 31, 2024 | $373.0K | $322.0K | ||
| Additional paid-in capital | $396.5M | $381.1M | ||
| Accumulated deficit | -$270.4M | -$249.6M | ||
| Accumulated other comprehensive income (loss) | $3.7M | -$7.3M | ||
| Total Cherry Hill Mortgage Investment Corporation Stockholders' Equity | $236.0M | $230.3M | ||
| Non-controlling interests in Operating Partnership | $2.5M | $3.3M | ||
| Total Stockholders' Equity | $238.5M | $233.6M | $258.4M | $265.5M |
| Total Liabilities and Stockholders' Equity | $1.5B | $1.5B | ||
| RMBS, pledged assets | $1.2B | $1.1B | ||
| Investments in Servicing Related pledged assets at fair value | $214.8M | $233.7M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued (in shares) | 36.7M shares | 31.6M shares | ||
| Common stock, shares outstanding (in shares) | 36.7M shares | 31.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $6.9M | $12.2M | -$35.5M |
| Realized loss on RMBS, net | $6.0M | $6.6M | $36.3M |
| Unrealized loss on investments in Servicing Related Assets | $18.8M | $7.2M | $25.9M |
| Realized gain on investments in MSRs, net | $0 | -$504.0K | $0 |
| Realized gain on acquired assets, net | -$2.0K | -$2.0K | -$23.0K |
| Realized gain on derivatives, net | -$7.0M | -$21.3M | -$33.8M |
| Unrealized (gain) loss on RMBS, measured at fair value through earnings, net | -$35.6M | $19.4M | -$9.8M |
| Unrealized (gain) loss on derivatives, net | $39.8M | -$9.8M | $43.1M |
| Accretion of premiums on RMBS | -$3.4M | -$3.0M | -$1.8M |
| Amortization of deferred financing costs | $329.0K | $311.0K | $185.0K |
| LTIP-OP Unit awards | $287.0K | $496.0K | $468.0K |
| Decrease (increase) in receivables and other assets | -$356.0K | $4.1M | -$1.6M |
| Decrease in due to manager | $0 | -$1.8M | -$81.0K |
| Increase (decrease) in accrued expenses and other liabilties | -$6.8M | -$18.6M | $17.3M |
| Net cash provided by (used in) operating activities | $19.1M | -$4.7M | $40.7M |
| Purchase of RMBS | -$247.7M | -$414.4M | -$761.9M |
| Principal paydown of RMBS | $100.2M | $81.2M | $68.4M |
| Proceeds from sale of RMBS | $99.8M | $195.1M | $585.6M |
| Proceeds from sale of MSRs | $0 | $13.3M | $0 |
| Acquisition of MSRs | $2.0K | $7.0K | $174.0K |
| Proceeds from (payments for) settlement of derivatives | -$19.0M | -$16.6M | $3.7M |
| Net cash used in investing activities | -$66.7M | -$141.3M | -$104.1M |
| Borrowings under repurchase agreements | $10.2B | $9.9B | $9.3B |
| Repayments of repurchase agreements | -$10.2B | -$9.8B | -$9.2B |
| Proceeds from derivative financing | $0 | $24.5M | $4.9M |
| Payments for bank loans | -$514.0K | $0 | -$759.0K |
| Principal paydown of bank loans | -$5.8M | -$18.4M | -$14.0M |
| Dividends paid | -$28.7M | -$28.2M | -$31.2M |
| LTIP-OP Units distributions paid | -$316.0K | -$346.0K | -$389.0K |
| Redemption of OP units | -$101.0K | -$9.0K | $0 |
| Issuance of common stock, net of offering costs | $14.8M | $5.6M | $31.1M |
| Repurchase and retirement of preferred stock | $0 | -$9.4M | $0 |
| Net cash provided by financing activities | $39.3M | $147.5M | $67.2M |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | -$8.3M | $1.4M | $3.8M |
| Cash paid during the period for interest expense | $59.7M | $33.7M | $28.9M |
| Cash paid during the period for income taxes | $49.0K | $64.0K | $56.0K |
| Dividends declared but not paid | $5.9M | $7.0M | $6.7M |
No quarter-by-quarter statement was filed.
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Corporate structure
Cherry Hill Mortgage Investment Corp sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Cherry Hill Mortgage Investment Corp
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on Cherry Hill Mortgage Investment Corp, latest Feb 10, 2022
- Cherry Hill Mortgage Investment Corp Tinton Falls, New Jersey, United States
- CHERRY HILL QRS I, LLC Tinton Falls, New Jersey, United States
- Aurora Financial Group Inc. Subsidiary · New Jersey, United States
- Cherry Hill Operating Partnership, LP Subsidiary · Delaware, United States
- Cherry Hill QRS II, LLC Subsidiary · Delaware, United States
- Cherry Hill QRS III, LLC Subsidiary · Delaware, United States
- Cherry Hill QRS IV, LLC Subsidiary · Delaware, United States
- Cherry Hill QRS V, LLC Subsidiary · Delaware, United States
- CHMI Solutions, Inc. Subsidiary · Delaware, United States
- CHMI-Sub REIT, Inc. Subsidiary · Maryland, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Cherry Hill Mortgage Investment Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $40.0K7 Dec 31, 2025 | $109.0K7 Dec 31, 2024 | −63.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $54.9M7 Dec 31, 2025 | $46.3M7 Dec 31, 2024 | +18.6% |
| Debt securities available for sale | $1.2B7 Dec 31, 2025 | $1.1B7 Dec 31, 2024 | +8.1% |
| Stakes in other companies (equity method) | $214.8M7 Dec 31, 2025 | $233.7M7 Dec 31, 2024 | −8.1% |
Properties, in its own words
Our business is operated from space located at 4000 Route 66, Suite 310, Tinton Falls, New Jersey 07753, telephone (877) 870-7005.
Item 2 of the 10-K filed Mar 5, 2026.6
Leadership
Who has led Cherry Hill Mortgage Investment Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerJay Lown Sep 10, 2015 to now15
- PresidentJay Lown May 19, 2014 to now16
- Chief financial officerApeksha Patel Jun 23, 2025 to now17
- Chief financial officerMichael Andrew Hutchby Jun 19, 2019 to Jun 26, 202418
- Chief financial officerMartin Levine Sep 30, 2013 to May 15, 201919
Board members and other officers (12)
- Chief Investment OfficerJulian Evans Apr 12, 2016 to now20
- Chief Investment OfficerJay Lown Sep 30, 2013 to Oct 9, 201321
- Board memberDale S. Hoffman Mar 12, 2025 to now22
- Board memberSharon L. Cook Mar 13, 2023 to now23
- Board memberRegina Lowrie Aug 26, 2015 to Jun 21, 202224
- Board memberStanley C. Middleman Sep 30, 2013 to Jun 16, 201625
- Board memberJay Lown Oct 9, 2013 to now26
- Board memberJonathan Kislak Oct 9, 2013 to Jun 16, 201627
- Board memberJoseph J. Murin Oct 9, 2013 to now28
- Board memberMartin Levine Oct 9, 2013 to Oct 9, 201329
- Board memberRobert A. Salcetti Oct 9, 2013 to Jan 27, 201430
- General counselSusan S. Healey Aug 7, 2025 to now31
Subsidiaries and ownership
Also consolidated
Subsidiaries (Exhibit 21)
- Aurora Financial Group Inc. New Jersey4
- CHMI Solutions, Inc. Delaware4
- CHMI-Sub REIT, Inc. Maryland4
- Cherry Hill Operating Partnership, LP Delaware4
- Cherry Hill QRS I, LLC Delaware4
- Cherry Hill QRS II, LLC Delaware4
- Cherry Hill QRS III, LLC Delaware4
- Cherry Hill QRS IV, LLC Delaware4
- Cherry Hill QRS V, LLC Delaware4
Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 10, 20268-K Entered a material agreement; Regulation FD disclosure32
- Aug 10, 20268-K Results of operations33
- Jun 12, 20268-K Shareholder vote34
- May 7, 20268-K Results of operations35
- Apr 10, 20268-K Executive or director change36
- Feb 25, 20268-K Results of operations37
- Nov 6, 20258-K Results of operations38
- Aug 25, 20258-K Executive or director change39
- Aug 7, 20258-K Results of operations40
- Jul 29, 20258-K Executive or director change41
- Jun 13, 20258-K Shareholder vote42
- May 27, 20258-K Executive or director change43
- Sep 10, 2015New chief executive Jay Lown becomes CEO15
- Oct 31, 2012Founded Cherry Hill Mortgage Investment Corp is founded2
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Nov 6, 2025.44
When it reported results
- Aug 10, 2026Reported quarterly or annual results33
- May 7, 2026Reported quarterly or annual results35
- Feb 25, 2026Reported quarterly or annual results37
- Nov 6, 2025Reported quarterly or annual results38
- Aug 7, 2025Reported quarterly or annual results40
- May 6, 2025Reported quarterly or annual results45
- Mar 6, 2025Reported quarterly or annual results46
- Nov 12, 2024Reported quarterly or annual results47
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
131 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 42 insider forms, 1 large holders, 27 other. The latest 20:
- Oct 8, 2026DEFM14A EDGAR
- Aug 10, 2026425 EDGAR
- Aug 10, 2026425 EDGAR
- Aug 10, 2026425 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 2026425 EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 12, 20268-K EDGAR
- Jun 3, 20264 EDGAR
- May 7, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- Apr 23, 20264 EDGAR
- Apr 23, 20264 EDGAR
- Apr 23, 20264 EDGAR
- Apr 21, 2026ARS EDGAR
The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 4 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 10, 2025 | Cook Sharon LDirector | Sale | 7,427 | $2.49 | $18.5K | Form 4 |
| Mar 25, 2025 | Cook Sharon LDirector | Sale | 13,000 | $3.64 | $47.3K | Form 4 |
| Nov 22, 2024 | Lown Jeffrey BPresident and CEO | Buy | 10,000 | $2.58 | $25.8K | Form 4 |
| Nov 10, 2023 | Lown Jeffrey BPresident and CEO | Buy | 8,621 | $3.47 | $29.9K | Form 4 |
| Jun 20, 2023 | Lown Jeffrey BPresident and CEO | Buy | 6,000 | $4.79 | $28.7K | Form 4 |
| Sep 29, 2022 | Lown Jeffrey BPresident and CEO | Buy | 1,500 | $5.13 | $7.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 1 filing Feb 10, 202248
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jeffrey B. Lown IIPresident and Chief Executive Officer (Principal Executive Officer) | 62 | $1.2M49 | |
| 2025 | Julian B. EvansChief Investment Officer | 56 | $550.0K | $825.0K49 |
| 2025 | Susan HealeyGeneral Counsel and Secretary | 48 | $401.2K49 | |
| 2024 | Jeffrey B. Lown IIPresident and Chief Executive Officer (Principal Executive Officer) | 62 | $348.9K49 | |
| 2024 | Julian B. EvansChief Investment Officer | 56 | $240.3K49 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 47. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 1,508,070 | $3.5M | 0.0% | −60,729 |
| Summit Financial, LLC | 1,020,091 | $2.5M | 0.0% | −4,762 |
| Tpg Gp A, LLC | 734,800 | $1.7M | 0.0% | +178,195 |
| Renaissance Technologies LLC | 562,984 | $1.3M | 0.0% | −46,200 |
| BlackRock, Inc. | 475,688 | $1.1M | 0.0% | +31,452 |
| Geode Capital Management, LLC | 413,427 | $959.3K | 0.0% | −96,611 |
| Two Sigma Investments, LP | 264,978 | $614.7K | 0.0% | −8,914 |
| Vanguard Fiduciary Trust Co | 224,826 | $521.6K | 0.0% | +1,485 |
| State Street Corp | 164,291 | $397.6K | 0.0% | No change |
| Corient Private Wealth LP | 170,916 | $396.5K | 0.0% | +1,380 |
| Verition Fund Management LLC | 112,003 | $259.8K | 0.0% | +70,851 |
| Arrowstreet Capital, Limited Partnership | 111,147 | $257.9K | 0.0% | New |
| Northern Trust Corp | 89,706 | $208.1K | 0.0% | −26,318 |
| Citadel Advisors LLC | 48,106 | $111.6K | 0.0% | −395,577 |
| Cetera Investment Advisers | 35,963 | $83.4K | 0.0% | +5,212 |
| Money Concepts Capital Corp | 27,096 | $62.9K | 0.0% | No change |
| Jpmorgan Chase & Co | 20,074 | $48.4K | 0.0% | No change |
| Gables Capital Management Inc. | 19,672 | $45.6K | 0.0% | −1,019 |
| UBS Group AG | 16,028 | $37.2K | 0.0% | −3,331 |
| LPL Financial LLC | 14,149 | $32.8K | 0.0% | New |
| Osaic Holdings, Inc. | 13,100 | $30.4K | 0.0% | −2,200 |
| Members Trust Co | 13,000 | $30.2K | 0.0% | No change |
| Glenview Trust Co | 12,500 | $29.0K | 0.0% | No change |
| XTX Topco Ltd | 11,860 | $27.5K | 0.0% | −11,872 |
| Naviter Wealth, LLC | 11,000 | $26.6K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Cherry Hill Mortgage Investment Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCherry Hill Mortgage Investment Corp1
- CIK0001571776
- Employer ID (EIN)46-13156056
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
- Incorporated inMaryland6
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address4000 Route 66, Suite 310, Tinton Falls, NJ 077531
- Phone(856) 626-26631
- Shares outstanding36,947,394 as of Aug 10, 202613
- Public float$97.4M as of Jun 30, 20256
- AuditorErnst & Young LLP, New York, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceMar 13, 20131
- Filings429 in all: 4 (123), 8-K (100), 10-Q (39), SC 13G/A (22), 3 (15), 10-K (13), 424B5 (13), CORRESP (13)1
All 37 form types
DEF 14A (13), UPLOAD (13), SC 13G (10), EFFECT (6), S-3 (5), 425 (4), S-11/A (4), 4/A (3), 5 (3), 8-A12B (3), ARS (3), 144 (2), 424B3 (2), CERTNYS (2), FWP (2), PRE 14A (2), S-8 (2), 10-Q/A (1), 424B1 (1), CERT (1), D (1), DEFA14A (1), DEFM14A (1), DRS (1), NT 10-Q (1), S-11 (1), S-3/A (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 21, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | CHMI | New York Stock Exchange |
| 8.20% Series A Cumulative Redeemable Preferred Stock, $0.01 par value | CHMI-PRA | New York Stock Exchange |
| 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value | CHMI-PRB | New York Stock Exchange |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Cherry Hill Mortgage Investment Corp names in Item 1A of its 10-K filed Mar 5, 2026: 59 risks under these headings, as written.6
- The Company’s business and operations are subject to a number of risks and uncertainties, the occurrence of which could adversely affect its business, financial condition, results of operations and ability to make distributions to stockholders and could cause the value of the Company’s capital stock to decline. Please refer to the section entitled “Forward-Looking Information.”
- Risks Related to Our Business
- We may not be able to continue to generate sufficient revenue to make or sustain distributions to our stockholders.
- Difficult conditions in the mortgage and residential real estate markets as well as general market concerns may adversely affect the value of the assets in which we invest, and these conditions may persist for the foreseeable future.
- We are dependent on mortgage servicers to service the mortgage loans relating to our Servicing Related Assets, and any failure by these mortgage servicers to service the mortgage loans relating to our Servicing Related Assets could have a material and adverse effect on us.
- Our ability to own and manage MSRs is subject to terms and conditions established by the GSEs, which are subject to change.
- We may be subject to representation and warranty risk in our capacity as an owner of MSRs and our sales of MSRs and other assets.
- The performance of loans underlying our MSRs may be adversely affected by the performance of the related mortgage servicer.
- Our ability to invest in, and dispose of, our investments in Servicing Related Assets is subject to the receipt of third-party consents.
- We cannot predict the impact future actions by the Federal Reserve will have on our business, and any such actions may negatively impact us.
- The value of our Servicing Related Assets may vary substantially with changes in interest rates.
- If delinquencies on mortgage loans increase, the value of our Servicing Related Assets may decline significantly.
The other 48 risks
- Prepayment rates can change, adversely affecting the performance of our assets.
- Interest rate mismatches between our assets and any borrowings used to fund purchases of our assets may reduce our income during periods of changing interest rates.
- Interest rate caps on the ARMs and hybrid ARMs that may back our RMBS may reduce our net interest margin during periods of rising interest rates.
- We rely on analytical models and other data to analyze potential asset acquisition and disposition opportunities and to manage our portfolio. These models are based on assumptions and actual results may differ significantly from the modeled expectations.
- Valuations of some of our assets will be inherently uncertain, may be based on estimates, may fluctuate over short periods of time and may differ from the values that would have been used if a ready market for these assets existed.
- An increase in interest rates may cause a decrease in the volume of certain of our target assets, which could adversely affect our ability to acquire target assets that satisfy our investment objectives and to make distributions to our stockholders.
- We are highly dependent on information systems and third parties, and systems failures or cybersecurity incidents could disrupt our business.
- The lack of liquidity of our assets may adversely affect our business, including our ability to sell our assets.
- We use leverage in executing our business strategy, which may adversely affect the return on our assets and may reduce cash available for distribution to our stockholders, as well as increase losses when economic conditions are unfavorable. A sudden, precipitous drop in value of our financed assets could quickly and seriously reduce our available cash due to margin calls.
- Adverse market developments generally will cause our lenders to require us to pledge cash as additional collateral. If our assets were insufficient to meet these collateral requirements, we might be compelled to liquidate particular assets at inopportune times and at unfavorable prices.
- Our use of repurchase transactions gives our lenders greater rights in the event that we file for bankruptcy, which may make it difficult for us to recover our collateral in the event of a bankruptcy filing.
- If our lenders default on their obligations to resell the RMBS back to us at the end of the repurchase transaction term, the value of the RMBS has declined by the end of the repurchase transaction term or we default on our obligations under the repurchase transaction, we will lose money on these transactions. Any such losses may materially adversely affect our business, financial condition and results of operations and our ability to pay distributions to our stockholders.
- Hedging against interest rate changes and other risks may materially adversely affect our business, financial condition and results of operations and our ability to make distributions to our stockholders.
- We may change our investment strategy, investment guidelines and asset allocation without notice or stockholder consent, which may result in riskier investments. In addition, our charter provides that our board of directors may authorize us to revoke or otherwise terminate our REIT election, without the approval of our stockholders.
- We operate in a highly competitive market.
- Changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition and results of operations.
- We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations.
- Our ability to make distributions to our stockholders depends on our operating results, our financial condition and other factors, and we may not be able to make regular cash distributions at a fixed rate or at all under certain circumstances.
- We face possible risks associated with the effects of climate change and severe weather.
- Increasing attention to ESG matters may impact our business.
- Our risk management policies and procedures may not be effective.
- The development and use of AI technology could lead to legal or regulatory actions, harm our reputation, or have a significant negative impact on our business.
- Risks Related to Our Organizational Structure
- Maintenance of certain exceptions from (or otherwise not falling within) the definitions of “investment company” under the Investment Company Act imposes significant limitations on our operations.
- The ownership limits in our charter may discourage a takeover or business combination that may have benefited our stockholders.
- Our stockholders’ ability to control our operations is severely limited.
- Certain provisions of Maryland law could inhibit a change in our control.
- Our authorized but unissued common and preferred stock may prevent a change in our control.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event of actions not in your best interest.
- Our charter contains provisions that make removal of our directors difficult, which could make it difficult for our stockholders to effect changes to our management.
- Risks Related to Our Common Stock
- The market price and trading volume of our common stock may be volatile.
- Future sales of our common stock or securities convertible into or exercisable as exchangeable for our common stock could cause the market value of our common stock to decline and could result in dilution of your shares.
- Future offerings of debt securities, which would rank senior to our common stock upon our liquidation, and future offerings of equity securities, which would dilute the common stock holdings of our existing stockholders and may be senior to our common stock for the purposes of dividend and liquidating distributions, may adversely affect the market price of our common stock.
- We have not established a minimum distribution payment level with respect to our common stock, and we cannot assure you of our ability to make distributions in the future.
- Risks Related to U.S. Federal Income Tax
- Our failure to qualify as a REIT would subject us to U.S. federal, state and local income taxes, which could adversely affect the value of our common stock and would substantially reduce the cash available for distribution to our stockholders.
- Complying with REIT requirements may cause us to forego or liquidate otherwise attractive investments.
- Failure to make required distributions would subject us to tax, which would reduce the cash available for distribution to our stockholders.
- Despite qualification as a REIT, we may face other tax liabilities that reduce our cash flows.
- We may lose our REIT qualification or be subject to a penalty tax if the U.S. Internal Revenue Service, or IRS, successfully challenges our characterization of our investments in Excess MSRs.
- The failure of RMBS subject to a repurchase agreement to qualify as real estate assets would adversely affect our ability to qualify as a REIT.
- Uncertainty exists with respect to the treatment of our TBAs for purposes of the REIT asset and income tests.
- Complying with REIT requirements may limit our ability to hedge effectively.
- Our ownership of and relationship with our TRSs (and any future TRSs that we may form) will be limited and a failure to comply with the limits would jeopardize our REIT status and may result in the application of a 100% excise tax.
- Our ownership limitation may restrict change of control or business combination opportunities in which our stockholders might receive a premium for their common stock.
- Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
- We may be subject to adverse legislative or regulatory tax changes that could reduce the market price of our common stock.
- Our recognition of “phantom” income may reduce a stockholder’s after-tax return on an investment in our common stock.
- Liquidation of our assets may jeopardize our REIT qualification.
- Our qualification as a REIT and exemption from U.S. federal income tax with respect to certain assets may be dependent on the accuracy of legal opinions or advice rendered or given or statements by the issuers of assets that we acquire, and the inaccuracy of any such opinions, advice or statements may adversely affect our REIT qualification and result in significant corporate-level tax.
Legal proceedings
From time to time, the Company may be involved in various claims and legal actions in the ordinary course of business. As of December 31, 2025, the Company is not aware of any material legal or regulatory claims or proceedings.
The opening of Item 3, Legal Proceedings.6
Sources
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- 15SEC EDGARJay Lown, Chief executive officer
- 16SEC EDGARJay Lown, President
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- 21SEC EDGARJay Lown, Chief Investment Officer
- 22SEC EDGARDale S. Hoffman, Board member
- 23SEC EDGARSharon L. Cook, Board member
- 24SEC EDGARRegina Lowrie, Board member
- 25SEC EDGARStanley C. Middleman, Board member
- 26SEC EDGARJay Lown, Board member
- 27SEC EDGARJonathan Kislak, Board member
- 28SEC EDGARJoseph J. Murin, Board member
- 29SEC EDGARMartin Levine, Board member
- 30SEC EDGARRobert A. Salcetti, Board member
- 31SEC EDGARSusan S. Healey, General counsel
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- 33SEC EDGARResults of operations
- 34SEC EDGARShareholder vote
- 35SEC EDGARResults of operations
- 36SEC EDGARExecutive or director change
- 37SEC EDGARResults of operations
- 38SEC EDGARResults of operations
- 39SEC EDGARExecutive or director change
- 40SEC EDGARResults of operations
- 41SEC EDGARExecutive or director change
- 42SEC EDGARShareholder vote
- 43SEC EDGARExecutive or director change
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