Headquartered in Tinton Falls, NJ Fiscal year ends December NYSE: CHMI chmireit.com
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a residential mortgage REIT. It acquires, invests in and manages residential mortgage assets in the United States through two main strategies:
- **RMBS portfolio:** a portfolio of residential mortgage-backed securities, with a book value of about $1.1 billion at September 30, 2026, a 5.08% weighted average coupon and a 27-year weighted average maturity.
- **Mortgage servicing rights:** investments in MSRs and Servicing Related Assets covering roughly $14.9 billion of unpaid principal balance, with a carrying value of $215.2 million.
The company earns net interest income from its RMBS and servicing fee income from its MSRs. It hedges interest rate and duration risk with interest rate swaps, TBAs, Treasury futures and Eris SOFR swap futures, and runs aggregate portfolio leverage of about 5.19x. It has outstanding 8.20% Series A and 8.250% Series B cumulative redeemable preferred stock. In August 2026 the company entered into a definitive merger agreement with TPG Mortgage Investment Trust, Inc. (NYSE: MITT) at an implied transaction value of $117.5 million; the deal is pending. Updated
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Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is a residential mortgage REIT.
The Wall Street consensus 12-month price target for CHMI is $3.10.
