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

$0.05

4th quarter GAAP net income of $(0.05) per diluted common share

$0.13

4th quarter earnings available for distribution of $0.13 per diluted common share

6.75

4th quarter GAAP book value of $6.75 per common share

As of Dec. 31, 2023 • Q4 2023 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, 2023

"We believe that lowering our recourse debt and acquiring high-yielding assets will benefit our shareholders over the long run."

Phillip Kardis, Chief Executive Officer

Dec 31, 2023

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

Our Portfolio Performance by the Numbers (QoQ)

(Dollars in millions. Except per share data) Q4 2023 Q3 2023 Q2 2023 Q1 2023
GAAP Earnings $0.05 $(0.07) $0.08 $0.17
Earnings Available for Distribution(1) $0.13 $0.13 $0.12 $0.13
Common Dividend $0.11 $0.18 $0.18 $0.23
Total Assets $12,928.00 $12,887.00 $13,510.00 $14,204.00
Stockholders Equity $2,559.00 $2,494.00 $2,579.00 $2,649.00
GAAP Book Value $6.75 $6.90 $7.29 $7.41

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

As of Dec. 31, 2023 • Q4 2023 Earnings Release

(Dollars in thousands. Except per share data) Q4 2023 Q3 2023 Q2 2023 Q1 2023
Interest Income $191,204 $195,591.00 $196,859.00 $189,250.00
Interest Expense $126,553 $132,193.00 $131,181.00 $119,615.00
Net Interest Income $64,651 $63,398.00 $65,678.00 $69,635.00
Average Yield, Interest-earning assets 5.9% 5.8% 5.6% 5.5%
Average Cost, Interest-bearing liabilities 4.4% 4.5% 4.4% 4.1%
Net Interest Spread 1.5% 1.3% 1.2% 1.4%

As of December. 31, 2023 • Q4 2023 Earnings Release

Control Q4 2023 Q3 2023 Q2 2023 Q1 2023
Agency RMBS as percent of portfolio 0% 0% 0% 0%
Agency CMBS as percent of portfolio 1% 1% 1% 2%
Securitized Loans as percent of portfolio 91% 91% 91% 90%
Non-Agency RMBS as percent of portfolio 8% 8% 8% 8%
GAAP Leverage 4.0:1 4.1:1 4.2:1 4.1:1
GAAP Leverage (Recourse) 1.0:1 1.0:1 1.0:1 1.2:1

As of December 31, 2023 • Q4 2023 Earnings Release and Financial Supplement

Dividend History

Chimera has declared $6.2 billion in cumulative distributions to stockholders.

(in thousands)

  • Common Dividend
  • Preferred Dividend
  • Special Dividend

As of Dec. 31, 2023 • Q4 2023 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

Incorporating ESG into Our Business

We believe our environmental, social, and governance (ESG) efforts not only contribute to the greater good for our communities, they contribute to our continued business success. That's why we incorporate our ESG goals into every business decision - from our energy efficient headquarters to the investments we make.

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
http://www.computershare.com/investor