Company: CHMI-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001140361-25-017536
Chunk: 18

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 18
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-month period ended December 31, 2024.
            The decrease of $0.4 million in general and administrative expense was due to a decrease in professional fees related to the Internalization.

          General and administrative expense was $2.1million for three-month period ended March 31, 2025 as compared to $1.7 million for the three-month period ended March 31, 2024. The
            increase of $0.4 million in general and administrative expense was due to an increase in professional fees.

          Compensation and Benefits

          Compensation and benefits expense for the three-month period ended March 31, 2025 was $1.7 million as compared to $1.1 million for the three-month period ended December 31,
            2024. The increase of $0.6 million in compensation and benefits was because the Company started operating as an internally managed Company effective November 14, 2024.

          Compensation and benefits expense for the three-month period ended March 31, 2025 was $1.7 million as compared to $0.1 million for the three-month period ended March 31, 2024.
            The increase of $1.6 million in compensation and benefits was because the Company started operating as an internally managed Company effective November 14, 2024.

            58

            Net Income Allocated to Noncontrolling Interests in Operating Partnership

            Net income allocated to noncontrolling interests in the Operating Partnership, which are LTIP-OP Units owned by directors, officers and employees of the Company and by certain
              individuals who provided services to us through the Manager prior to the Internalization, represented approximately 1.9%, 2.0% and 2.0% of net income for the three-month periods ended March 31, 2025, December 31, 2024 and March 31, 2024
              respectively.

            For the periods indicated below, our accumulated other comprehensive income (loss) changed as a result of the indicated gains and losses (dollars in thousands):

           Accumulated Other Comprehensive Income (Loss)

                  Three Months Ended
                  March 31, 2025

                  Accumulated other comprehensive loss, December 31, 2024

                  $

                  (7,270

                  )

                  Other comprehensive income

                  6,850

                  Accumulated other comprehensive loss, March 31, 2025

                  $

                  (420

                  )

                  Three