Chimera is an internally managed real estate investment trust (REIT) that is primarily engaged in the business of investing in a diversified portfolio of mortgage assets for itself and for unrelated third parties through its investment management and advisory services. Founded in 2007, we strive to provide attractive risk-adjusted returns to our shareholders. Since our inception, we have declared $6.4 billion common and preferred stock dividends.
We are a credit-focused hybrid mortgage REIT, meaning that our portfolio contains residential mortgage loans and both Agency and non-Agency mortgage-backed securities. Our hybrid approach allows us to maintain flexibility in portfolio allocation and liability management. Through the use of securitization and leverage, we aim to create long-term value for our shareholders.
As of March 31, 2025
Earnings Available for Distribution is a non-GAAP measure. View full reconciliation in our Q4 earnings press release.
| (Dollars in thousands. Except per share data) | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|
| GAAP Earnings | $1.77 | ($2.07) | $1.39 | $0.41 | $1.36 |
| Earnings Available for Distribution(1) | $0.41 | $0.37 | $0.36 | $0.37 | $0.37 |
| Common Dividend | $0.37 | $0.37 | $0.37 | $0.35 | $0.33 |
| Total Assets | $13,205,326 | $13,116,490 | $13,702,376 | $13,131,881 | $12,546,572 |
| Stockholders Equity | $2,644,064 | $2,526,189 | $2,737,312 | $2,641,268 | $2,645,586 |
| GAAP Book Value | $21.17 | $19.72 | $22.35 | $21.27 | $21.32 |
(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 | Q1 2024 |
|---|---|---|---|---|---|
| Interest Income | $190,616 | $192,364 | 195,295 | $186,717 | $186,574 |
| Interest Expense | $121,397 | $126,540 | 128,844 | $119,422 | $121,468 |
| Net Interest Income | $69,219 | $65,824 | 66,451 | $67,295 | $65,106 |
| Average Yield, Interest-earning assets | 5.9% | 6.0% | 6.1% | 5.9% | 5.8% |
| Average Cost, Interest-bearing liabilities | 4.4% | 4.5% | 4.5% | 4.2% | 4.4% |
| Net Interest Spread | 1.5% | 1.5% | 1.6% | 1.7% | 1.4% |
As of March 31, 2025 • Q1 2025 Earnings Release
| Control | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|
| Agency RMBS as percent of portfolio | 5% | 4% | 8% | 4% | 0% |
| Agency CMBS as percent of portfolio | 0% | 0% | 0% | 0% | 0% |
| Securitized Loans as percent of portfolio | 87% | 88% | 84% | 88% | 91% |
| Non-Agency RMBS as percent of portfolio | 8% | 8% | 8% | 8% | 9% |
| GAAP Leverage | 3.09:01 | 4.0:1 | 3.9:1 | 3.8:1 | 3.7:1 |
| GAAP Leverage (Recourse) | 1.2:1 | 1.2:1 | 1.2:1 | 1.0:1 | 0.9:1 |
As of March 31, 2025 • Q1 2025 Earnings Release and Financial Supplement
| 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
Our leadership teams guide our company towards its goals. With our investors and our communities in mind, our leaders strive to make the best decision to increase long-term value of our company for our shareholders.
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