Chimera Investment Management
Management criteria checks 2/4
Chimera Investment's CEO is Phillip Kardis, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is $6.15M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth $4.32M. The average tenure of the management team and the board of directors is 1.9 years and 3.3 years respectively.
Key information
Phillip Kardis
Chief executive officer
US$6.1m
Total compensation
| CEO salary percentage | 13.8% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 1.9yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
Chimera Investment: Turnaround In Progress
Nov 08Chimera: 10% Yield, 2 Dividend Hikes, 29% BV Discount
Oct 14Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change
Aug 13Chimera Investment: Great Value, Extreme Discount To Book
Jul 09Chimera Investment: 10% Yield, Dividend Raise, 0.42X BV (Rating Upgrade)
Jun 24Chimera Investment: Discount To Book Value Is Attractive
May 24Chimera Investment: Re-Rating Opportunity And A 10% Covered Yield
Feb 20Chimera Investment Offers One Fixed And 3 Fixed/Floating Preferreds
Jan 15Chimera Investment: Not Worth Chasing The Yield
Dec 14Chimera: This 16% Yielding Mortgage Trust May Cut Its Dividend Again
Oct 02The Preferred Share Dilemma Chimera Created For Themselves
Sep 22Chimera: Avoid This Habitual Dividend Cutter
Jul 28Chimera: Avoid This 12.9% Yielding Mortgage Trust
Jan 31Chimera Investment mREIT Offers 4 Preferreds: A, C Reviewed Here
Dec 12The $700-A-Month Portfolio Building Strategy For Retirement - October 2022 Update
Nov 01Chimera Investment dips dividend -30.3% to $0.23/share
Sep 21Chimera Investment: A Dividend Cut May Be Coming
Sep 15Chimera Investment Q2 2022 Earnings Preview
Aug 03Chimera, New Residential, And Yield Curve Inversion
Jul 21Chimera Investment Preferred Stock Appears Far Oversold
Jun 152 Reasons To Buy Chimera Investment: 13.4% Yield And 30% Discount To BV
Jun 07Investors Are Missing Out On Chimera's 11% Dividend Yield
Apr 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$271m |
| Jun 30 2024 | n/a | n/a | US$141m |
| Mar 31 2024 | n/a | n/a | US$124m |
| Dec 31 2023 | US$6m | US$850k | US$52m |
| Sep 30 2023 | n/a | n/a | US$119m |
| Jun 30 2023 | n/a | n/a | -US$69m |
| Mar 31 2023 | n/a | n/a | -US$267m |
| Dec 31 2022 | US$6m | US$750k | -US$587m |
| Sep 30 2022 | n/a | n/a | -US$666m |
| Jun 30 2022 | n/a | n/a | -US$149m |
| Mar 31 2022 | n/a | n/a | US$176m |
| Dec 31 2021 | US$6m | US$750k | US$596m |
| Sep 30 2021 | n/a | n/a | US$726m |
| Jun 30 2021 | n/a | n/a | US$762m |
| Mar 31 2021 | n/a | n/a | US$543m |
| Dec 31 2020 | US$6m | US$750k | US$15m |
| Sep 30 2020 | n/a | n/a | -US$2m |
| Jun 30 2020 | n/a | n/a | -US$263m |
| Mar 31 2020 | n/a | n/a | -US$149m |
| Dec 31 2019 | US$6m | US$750k | US$341m |
| Sep 30 2019 | n/a | n/a | US$112m |
| Jun 30 2019 | n/a | n/a | US$171m |
| Mar 31 2019 | n/a | n/a | US$240m |
| Dec 31 2018 | US$3m | US$750k | US$368m |
| Sep 30 2018 | n/a | n/a | US$584m |
| Jun 30 2018 | n/a | n/a | US$566m |
| Mar 31 2018 | n/a | n/a | US$563m |
| Dec 31 2017 | US$3m | US$750k | US$491m |
Compensation vs Market: Phillip's total compensation ($USD6.15M) is above average for companies of similar size in the US market ($USD3.30M).
Compensation vs Earnings: Phillip's compensation has been consistent with company performance over the past year.
CEO
Phillip Kardis (63 yo)
2.9yrs
Tenure
US$6,146,878
Compensation
Mr. Phillip John Kardis, II, Esq., J.D., serves as a Director of Chimera Investment Corporation since December 10, 2022, and serves as its Chief Executive Officer. Mr. Kardis has been President of Chimera...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.9yrs | US$6.15m | 0.37% $ 4.3m | |
| CFO & Principal Accounting Officer | 3.4yrs | US$2.96m | 0.12% $ 1.4m | |
| Chief Legal Officer & Corporate Secretary | 1.9yrs | US$446.07k | no data | |
| Chief Credit & Risk Officer | less than a year | US$2.28m | 0.095% $ 1.1m | |
| Chief Investment Officer | less than a year | no data | no data | |
| Head of Capital Markets | no data | no data | no data |
1.9yrs
Average Tenure
51yo
Average Age
Experienced Management: CIM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2yrs | US$6.15m | 0.37% $ 4.3m | |
| Independent Director | 3yrs | US$240.00k | 0.019% $ 218.4k | |
| Independent Director | 6.8yrs | US$255.00k | 0.034% $ 391.5k | |
| Independent Chairman of the Board | 14.7yrs | US$340.00k | 0.16% $ 1.8m | |
| Independent Director | 3.5yrs | US$255.00k | 0.021% $ 244.8k | |
| Independent Director | no data | no data | no data | |
| Independent Director | 5.4yrs | US$280.00k | 0.074% $ 860.3k | |
| Independent Director | 1.1yrs | US$120.00k | 0.0053% $ 61.4k |
3.3yrs
Average Tenure
65yo
Average Age
Experienced Board: CIM's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chimera Investment Corporation is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Kenneth Bruce | BofA Global Research |
| Eric Hagen | BTIG |