Investor Relations

Latest Financial Results

May 8, 2025 • 6:45 AM EDT

Q1 2025 Quarterly Results

Quarter Ended Mar 31, 2025

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$1.77

1st quarter GAAP net income of $1.77 per diluted common share

$0.41

1st quarter earnings available for distribution of $0.41 per diluted common share

$21.17

GAAP book value of $21.17 per common share

As of March 31, 2025 • Q1 2025 Earnings Release

* Non-GAAP Financial Measures. View full reconciliation in our Q1 earnings press release.

View reconciliation

For complete information regarding our financials, see our periodic filings

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Latest Financial Results

Q1 2025

Quarter Ended Mar 31, 2025

View All Financial Results
$1.77

1st quarter GAAP net income of $1.77 per diluted common share

$0.41

1st quarter earnings available for distribution of $0.41 per diluted common share

$21.17

GAAP book value of $21.17 per common share

As of March 31, 2025 • Q1 2025 Earnings Release

* Non-GAAP Financial Measures. View full reconciliation in our Q1 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

"This has been a strong quarter for Chimera. Earnings available for distribution improved by 11%, our book value increased by 7.4% and our economic return was 9.2%. We also made several impactful moves on our balance sheet. We successfully accomplished a cash-out refinancing of all the Company’s outstanding non-Remic securitizations, which provided approximately $187 million in funds for new investment. We also extended two large non-mark to market secured financing facilities until 2027."

Phillip Kardis II, President and CEO

May 8, 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 for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, and other real estate-related assets such as Agency CMBS.

Learn more about Chimera

Stock Information

Our Portfolio Performance by the Numbers (QoQ)

(Dollars in thousands. Except per share data) Q1 2025 Q4 2024 Q3 2024 Q2 2024
GAAP Earnings $1.77 ($2.07) $1.39 $0.41
Earnings Available for Distribution(1) $0.41 $0.37 $0.36 $0.37
Common Dividend $0.37 $0.37 $0.37 $0.35
Total Assets $13,205,326 $13,116,490 $13,702,376 $13,131,881
Stockholders Equity $2,644,064 $2,526,189 $2,737,312 $2,641,268
GAAP Book Value $21.17 $19.72 $22.35 $21.27

(1)Earnings Available for Distribution is a non-GAAP measure. View full reconciliation in our Q1 earnings press release.

As of March 31, 2025 • Q1 2025 Earnings Release

(Dollars in thousands. Except per share data) Q1 2025 Q4 2024 Q3 2024 Q2 2024
Interest Income $190,616 $192,364 195,295 $186,717
Interest Expense $121,397 $126,540 128,844 $119,422
Net Interest Income $69,219 $65,824 66,451 $67,295
Average Yield, Interest-earning assets 5.9% 6.0% 6.1% 5.9%
Average Cost, Interest-bearing liabilities 4.4% 4.5% 4.5% 4.2%
Net Interest Spread 1.5% 1.5% 1.6% 1.7%

As of March 31, 2025 • Q1 2025 Earnings Release

Control Q1 2025 Q4 2024 Q3 2024 Q2 2024
Agency RMBS as percent of portfolio 5% 4% 8% 4%
Agency CMBS as percent of portfolio 0% 0% 0% 0%
Securitized Loans as percent of portfolio 87% 88% 84% 88%
Non-Agency RMBS as percent of portfolio 8% 8% 8% 8%
GAAP Leverage 3.09:01 4.0:1 3.9:1 3.8:1
GAAP Leverage (Recourse) 1.2:1 1.2:1 1.2:1 1.0:1

As of March 31, 2025 • Q1 2025 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
2025 QTD $30000 $21000

As of March 31, 2025 • Q1 2025 Earnings Release

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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