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.
<p>4th quarter GAAP net loss of $2.07 per diluted common share</p>
<p>4th quarter earnings available for distribution of $0.37 per diluted common share</p>
<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
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
| (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
Chimera has declared $6.4 billion in cumulative distributions to stockholders.
(in thousands)
| 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
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
Chimera Investment Corporation
630 Fifth Avenue
Ste 2400
New York, NY 10111
United States
T: 888-895-6557
investor-relations@chimerareit.com
Computershare Trust Company, N.A.
P.O. Box 43078
Providence RI 02940-3078
T: 877-239-3308
https://www.computershare.com/investor