Cherry Hill: 3Q Earnings Snapshot
FARMINGDALE, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported a third-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier.
The Farmingdale, New Jersey-based company said it had a loss of 32 cents per share. Earnings, adjusted for investment costs, were 41 cents per share.
The residential real estate finance company posted revenue of $19.4 million in the period. Its adjusted revenue was $6.7 million.
Cherry Hill shares have dropped 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.41, a drop of 24% in the last 12 months.