# Cherry Hill Mortgage Investment Corporation (CHMI)

> Source: Nexqual · https://nexqual.com/CHMI · data as of 2026-10-23 17:12 UTC · cite as "Nexqual, Cherry Hill Mortgage Investment Corporation (CHMI), nexqual.com/CHMI" · informational, not investment advice.

**Price:** USD 2.53 (-0.59% today) · US market open, as of October 23, 2026 at 17:12 UTC; quotes may be delayed. Prev close 2.54 · day 2.51–2.58 · 52w 2.17–2.98 · market cap $94.6M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $32.9M, net income $16.6M (50.5% margin) (SEC filings).
- Valuation: P/E 5.7x (avg 9.6x at the last 2 fiscal year-ends), net debt $89.4M.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 3.1 (range 3.1–3.1).
- Total return with dividends: 1Y +21.7% vs S&P 500 +14.4%; 5Y -37.1% vs S&P 500 +77.0%.
- Next earnings: 2026-11-05, EPS estimate USD 0.15, revenue estimate $3.8M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $28.1M | $40.2M | -$21.2M | $34.6M | $23.3M | $32.9M |
| Gross profit | $14.5M | $28.4M | -$32.5M | $22.2M | $14.0M | — |
| Net income | $12.5M | $22.2M | -$35.5M | $12.2M | $6.9M | $16.6M |
| EPS (diluted) | $0.14 | $0.60 | -$1.70 | $0.07 | -$0.09 | — |
| Gross margin | 51.6% | 70.5% | 153.1% | 64.1% | 60.2% | — |
| Net margin | 44.5% | 55.2% | 167.2% | 35.3% | 29.8% | 50.5% |
| Revenue growth | +149.8% | +42.8% | -152.8% | +263.1% | -32.5% | — |
| Cash + short-term investments | $63.9M | $57.3M | $52.9M | $46.3M | $54.9M | — |
| Total debt | $146M | $185M | $171M | $152M | $146M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.7x · P/S 2.9x · EV/Sales 5.6x · P/B 0.4x · Earnings yield 17.54% · Dividend yield (paid, TTM) 27.75% · Net debt $89.4M · EV $184M
P/E at fiscal year-ends: Dec 2025 12.6x, Dec 2024 6.6x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 3.1 (low 3.1, high 3.1).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Citizens | Downgrade | Market Outperform → Market Perform |  |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +21.7% | -37.1% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +21.7% | -8.9% |
| Volatility (annualized) | 31.1% | 35.4% |
| Max drawdown | -15.8% (May 2026→Jun 2026) | -58.0% (Nov 2021→Oct 2023) |

## Peers (REIT - Mortgage)
KREF (KKR Real Estate Finance Trust I) USD 5.6 -2.19% · RWT (Redwood Trust, Inc.) USD 3.13 +0.16% · BRSP (BrightSpire Capital, Inc.) USD 3.61 -1.10% · TRTX (TPG RE Finance Trust, Inc.) USD 6.22 -0.08% · FBRT (Franklin BSP Realty Trust, Inc.) USD 6.16 -1.52% · ABR (Arbor Realty Trust) USD 2.82 -4.90%

## More
Full page: https://nexqual.com/CHMI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CHMI's own 10-K filed 2026-03-05 (https://www.sec.gov/Archives/edgar/data/1571776/000114036126008094/ef20060666_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | CHMI Sub-REIT | "Our Operating Partnership, in turn, owns all of the outstanding common stock of CHMI Sub-REIT, Inc. (the "Sub-REIT")." |

## Company outlook (8-K filed 2026-08-10)

- "The companies expect the transaction to close in the fourth quarter of 2026, subject to customary closing conditions, including the approval of both MITT and CHMI stockholders."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.14 | $0.14 | +3.6% | $3.8M | 2 |
| Next quarter (ends 2026-12-31) | $0.14 | $0.15 | -6.7% | $3.5M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.57 | $0.55 | +5.5% | $16.6M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.53 | $0.55 | -3.6% | $12.9M | 2 |