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Cherry Hill Mortgage Investment Corp (NYSE:CHMI), a real estate investment trust with a market capitalization of $89.64 million, announced Tuesday that its board of directors has appointed Susan Healey as general counsel, effective the same day. According to InvestingPro data, the company stands out for maintaining dividend payments for 13 consecutive years, with a current significant yield of 22.3%. The information is based on a statement in a recent SEC filing.
According to the filing, Ms. Healey, age 47, began her employment with the company on Tuesday. Before joining Cherry Hill Mortgage Investment, she served as deputy general counsel at NorthMark Strategies from July 2022 to July 2025. Her previous roles at NorthMark Strategies included associate general counsel and assistant general counsel, real estate. Ms. Healey holds a Bachelor of Arts degree in Economics from Allegheny College and a Juris Doctor from Washington and Lee University School of Law.
The terms of Ms. Healey’s employment are set out in an offer letter dated June 23, 2025. She will receive an annual base salary of $500,000 through December 31, 2026. The offer includes a $25,000 cash signing bonus, payable within thirty days of her start date. For the remainder of 2025, Ms. Healey is eligible for a bonus of $250,000, to be paid in the first quarter of 2026 in a combination of cash and restricted stock units, subject to continued employment.
Beginning in January 2026, Ms. Healey will be eligible to participate in any non-equity incentive plan approved by the board’s compensation committee. The payment of non-equity incentive or discretionary cash bonus compensation in future years is not guaranteed and requires continued employment at the time of payment. Ms. Healey is also eligible to participate in the company’s executive severance plan, adopted March 12, 2025.
The filing states there are no arrangements or understandings with any other person regarding Ms. Healey’s appointment, no family relationships between her and any director or executive officer, and no material interest in any transaction requiring disclosure under SEC regulations.
Cherry Hill Mortgage Investment Corp is a real estate investment trust with common stock and preferred shares listed on the New York Stock Exchange under the symbols CHMI, CHMI-PRA, and CHMI-PRB. While currently trading at $2.69, InvestingPro analysis suggests the stock is fairly valued. The company is scheduled to report earnings on August 6, 2025, with analysts expecting a return to profitability this year. For deeper insights into CHMI’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
In other recent news, Cherry Hill Mortgage Investment Corporation reported its first-quarter earnings for 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $0.17, surpassing the forecasted $0.15. Despite the positive earnings report, the company faced investor concerns due to a reported net loss and a decline in book value. In another development, Cherry Hill Mortgage announced the appointment of Apeksha Patel as Interim Chief Financial Officer, effective June 22, 2025, following Michael Hutchby’s departure. Patel has been with the company since 2017 and previously served as Controller. Additionally, Cherry Hill Mortgage held its annual stockholders’ meeting, where five board members were re-elected, including Jeffrey B. Lown II and Joseph Murin. Shareholders also approved executive compensation during this meeting. These developments highlight significant changes and achievements within the company.
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