Cherry Hill Mortgage Investment Corporation (CHMI) Q4 2025 Earnings Call Transcript

Operator

Thank you for standing by, and welcome to Cherry Hill Mortgage Investment Corporation’s Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to Emma Little, Investor Relations. Please go ahead.

Emma Little

We’d like to thank you for joining us today for Cherry Hill Mortgage Investment Corporation’s Fourth Quarter 2025 Conference Call. In advance of this call, we issued a press release that was distributed earlier this afternoon. That press release and a fourth quarter 2025 investor presentation have been posted to the Investor Relations section of our website. On today’s call, management’s prepared remarks and answers to your questions may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those discussed today. Examples of forward-looking statements include those related to interest income, financial guidance, IRRs, future expected cash flows as well as prepayment and recapture rates, delinquencies and non-GAAP financial measures such as earnings available for distribution or EID and comprehensive income.

Forward-looking statements represent management’s current estimates, and Cherry Hill assumes no obligation to update any forward-looking statements in the future. We encourage listeners to review the more detailed discussions related to these forward-looking statements contained in the company’s filings with the SEC and the definitions contained in the financial presentations available on the company’s website. Today’s conference call is hosted by Jay Lown, President and CEO; Julian Evans, the Chief Investment Officer; and Apeksha