Investor Relations

Latest Financial Results

Feb 12, 2025 • 6:45 AM EST

FY 2024 Year End Results

Fiscal Year Ended Dec 31, 2024

Earnings Release PDF
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($2.07)

<p>4th quarter GAAP net loss of $2.07 per diluted common share</p>

$0.37

<p>4th quarter earnings available for distribution of $0.37 per diluted common share</p>

$19.72

<p>GAAP book value of $19.72 per common share</p>

As of December 31, 2024 • Q4 2024 Earnings Release

* Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

View reconciliation

For complete information regarding our financials, see our periodic filings

Latest News

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Latest Presentation

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Recent Event

Chimera Investment Corp. Fourth Quarter 2024 Earnings Conference Call
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Latest Financial Results

FY 2024

Fiscal Year Ended Dec 31, 2024

View All Financial Results
($2.07)

<p>4th quarter GAAP net loss of $2.07 per diluted common share</p>

$0.37

<p>4th quarter earnings available for distribution of $0.37 per diluted common share</p>

$19.72

<p>GAAP book value of $19.72 per common share</p>

As of December 31, 2024 • Q4 2024 Earnings Release

* Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

View reconciliation

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2024

"In 2024, we made progress on our initiative towards building a more durable and diversified portfolio. We expect the acquisition of Palisades to strengthen our existing business and provide additional opportunities to add value for our shareholders in 2025 and over the long term."

Phillip Kardis, President & Chief Executive Officer

Feb 12, 2025

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 thousands. Except per share data) Q4 2024 Q3 2024 Q2 2024 Q1 2024
GAAP Earnings ($2.07) $1.39 $0.41 $1.36
Earnings Available for Distribution(1) $0.37 $0.36 $0.37 $0.37
Common Dividend $0.37 $0.37 $0.35 $0.33
Total Assets $13,116,490 $13,702,376 $13,131,881 $12,546,572
Stockholders Equity $2,526,189 $2,737,312 $2,641,268 $2,645,586
GAAP Book Value $19.72 $22.35 $21.27 $21.32

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

As of December 31, 2024 • Q4 2024 Earnings Release

(Dollars in thousands. Except per share data) Q4 2024 Q3 2024 Q2 2024 Q1 2024
Interest Income $192,364 195,295 $186,717 $186,574
Interest Expense $126,540 128,844 $119,422 $121,468
Net Interest Income $65,824 66,451 $67,295 $65,106
Average Yield, Interest-earning assets 6.0% 6.1% 5.9% 5.8%
Average Cost, Interest-bearing liabilities 4.5% 4.5% 4.2% 4.4%
Net Interest Spread 1.5% 1.6% 1.7% 1.4%

As of December 31, 2024 • Q4 2024 Earnings Release

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

As of December 31, 2024 • Q4 2024 Earnings Release and Financial Supplement

Dividend History

Chimera has declared $6.4 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 $117000 $86000

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