Investor Relations
Q1 2025 Earnings Conference Call
May 8, 2025 - 8:30 AM ET
Latest News
Latest 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.
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."
Feb 12, 2025
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. View full reconciliation in our Q4 earnings press release.
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
Show Data
| 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 December 31, 2024 • Q4 2024 Earnings Release
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 PortfolioIR 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