Company: CHMI-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001140361-25-040783
Chunk: 18

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 18
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.0 million for the nine-month period ended September 30, 2024. The increase of $1.0 million in unrealized loss on our investments in Servicing Related Assets was primarily due to changes in
            valuation inputs or assumptions and paydown of underlying loans.

          General and Administrative Expense

            General and administrative expense was $2.2 million for the three-month period ended September 30, 2025 as
              compared to $1.9 million for the three-month period ended June 30, 2025. The increase of $0.3 million in general and administrative expense was due to an increase in professional fees.

            General and administrative expense was $6.2 million for nine-month period ended September 30, 2025 as compared
              to $8.1 million for the nine-month period ended September 30, 2024. The decrease of $1.9 million in general and administrative expense was due to a decrease in professional fees related to the Internalization.

          Compensation and Benefits

          Compensation and benefits expense for the three-month period ended September 30, 2025 was $1.6 million as compared to $1.4 million for the three-month period ended June 30, 2025. The increase of $0.2 million in
            compensation and benefits was due to personnel changes.

          Compensation and benefits expense for the nine-month period ended September 30, 2025 was $4.7 million as compared to $0.5 million for the nine-month period ended September 30, 2024. The increase of $4.2 million in
            compensation and benefits was because the Company started operating as an internally managed Company effective November 14, 2024.

          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 1.8% and  2.2% of net income for the three-month periods ended September 30, 2025 and June 30, 2025, respectively and 1.8% and 2.0% of net income for the nine-month
            periods ended September 30, 2025 and September 30, 2024 respectively.

            59

          For the periods