Chimera Investment Corporation Announces Definitive Agreement to Acquire Palisades Group  Press Release  Presentation 8-K

Investor Relations

Experienced Manager of Residential Credit

Chimera Investment Corporation is a New York City-based Real Estate Investment Trust (REIT), founded in 2007. Our income is primarily generated by the difference between the income we earn on our assets and our financing and hedging costs. As a credit-focused hybrid mortgage REIT, we invest in residential mortgage loans as well as Agency and non-Agency mortgage-backed securities.

Latest Financial Results

$1.39

<p>3rd quarter GAAP net income of $1.39 per diluted common share</p>

$0.36

<p>3rd quarter earnings available for distribution of $0.36 per diluted common share</p>

$22.35

<p>GAAP book value of $22.35 per common share</p>

As of September 30, 2024 • Q3 2024 Earnings Release

* Non-GAAP Financial Measures. View full reconciliation in our Q3 earnings press release.

View reconciliation

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

"We feel good about our business. We continue to find new investment opportunities and have increased the dividend on our common stock for two consecutive quarters."

Phillip Kardis, President & Chief Executive Officer

Nov 6, 2024

A Leading Residential Credit Hybrid Mortgage REIT

Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing directly or indirectly through its subsidiaries, on a leveraged basis, in a diversified portfolio of mortgage assets, including residential mortgage loans, Non-Agency RMBS, Agency CMBS, Agency RMBS, and other real estate related securities.

Learn more about Chimera

Stock Information

Our Portfolio Performance by the Numbers (QoQ)

(Dollars in millions. Except per share data) Q3 2024 Q2 2024 Q1 2024 Q4 2023
GAAP Earnings $1.39 $0.41 $1.36 $0.16
Earnings Available for Distribution(1) $0.36 $0.37 $0.37 $0.40
Common Dividend $0.37 $0.35 $0.33 $0.33
Total Assets $13,702,376 $13,131,881 $12,546,572 $12,928,998
Stockholders Equity $2,737,312 $2,641,268 $2,645,586 $2,558,919
GAAP Book Value $22.35 $21.27 $21.32 $20.25

(1)Earnings Available for Distribution is a non-GAAP measure.

As of September 30, 2024 • Q3 2024 Earnings Release

(Dollars in thousands. Except per share data) Q3 2024 Q2 2024 Q1 2024 Q4 2023
Interest Income 195,295 $186,717 $186,574 $191,204
Interest Expense 128,844 $119,422 $121,468 $126,553
Net Interest Income 66,451 $67,295 $65,106 $64,651
Average Yield, Interest-earning assets 6.1% 5.9% 5.8% 5.9%
Average Cost, Interest-bearing liabilities 4.5% 4.2% 4.4% 4.4%
Net Interest Spread 1.6% 1.7% 1.4% 1.5%

As of September 30, 2024 • Q3 2024 Earnings Release

Control Q3 2024 Q2 2024 Q1 2024 Q4 2023
Agency RMBS as percent of portfolio 8% 4% 0% 0%
Agency CMBS as percent of portfolio 0% 0% 0% 1%
Securitized Loans as percent of portfolio 84% 88% 91% 91%
Non-Agency RMBS as percent of portfolio 8% 8% 9% 8%
GAAP Leverage 3.9:1 3.8:1 3.7:1 4.0:1
GAAP Leverage (Recourse) 1.2:1 1.0:1 0.9:1 1.0:1

As of September 30, 2024 • Q3 2024 Earnings Release and Financial Supplement

Dividend History

Chimera has declared $6.3 billion in cumulative distributions to stockholders.

(in thousands)

Dividend History

Year Common Dividend Preferred Dividend
2017 $376579 $33484
2018 $375017 $43197
2019 $376839 $72704
2020 $301270 $73750
2021 $307583 $73764
2022 $266139 $73765
2023 $166789 $73750
2024 YTD $86812 $63975

As of September 30, 2024 • Q3 2024 Earnings Release

View Dividends

Explore Our Mortgage Portfolio

As a hybrid mortgage REIT, we invest in both Agency and non-Agency mortgage assets. This approach allows for flexibility in portfolio asset allocation and liability management, which contributes to our organization's success.

View Our Portfolio

IR Contacts

Company

Chimera Investment Corporation
630 Fifth Avenue
Ste 2400
New York, NY 10111
United States

Investor Relations

T: 888-895-6557
investor-relations@chimerareit.com

Transfer Agent

Computershare Trust Company, N.A.
P.O. Box 43078
Providence RI 02940-3078
T: 877-239-3308
https://www.computershare.com/investor