Cherry Hill: 2Q Earnings Snapshot
FARMINGDALE, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Wednesday reported second-quarter net income of $13.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Farmingdale, New Jersey-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring gains, were 50 cents per share.
The residential real estate finance company posted revenue of $12 million in the period. Its adjusted revenue was $4.7 million.
Cherry Hill shares have increased nearly 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.14, a decline of slightly more than 6 percent in the last 12 months.