CIM
Chimera Investment Corporation12.57
-0.19-1.49%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.05BP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0.12%Recent Filings
8-K
Chimera declares Q4 preferred dividends
Chimera Investment Corporation declared its Q4 2025 preferred stock dividends on November 5, 2025, with payments of $0.50 per share for Series A, $0.6274 for Series B, $0.5681 for Series C, and $0.6083 for Series D, all payable December 30 to shareholders of record on December 1. These dividends, tied to SOFR plus spreads for floating-rate series, affirm Chimera's commitment to preferred holders amid its mortgage REIT operations. Yet risks loom from interest rate shifts and integration challenges with recent acquisitions like HomeXpress.
8-K
Chimera issues $120M notes
Chimera Investment Corporation completed a $120.0 million public offering of 8.875% senior notes due August 15, 2030, on September 16, 2025, including $5.0 million from underwriters' partial over-allotment exercise. The notes, issued at par with quarterly interest starting November 15, 2025, yield net proceeds of approximately $115.8 million for acquiring mortgage assets like residential loans and RMBS, plus general corporate uses including debt repayment. Redeemable at par after August 15, 2027, they rank senior unsecured yet junior to secured debt. This bolsters Chimera's liquidity for targeted investments.
8-K
Chimera prices $115M notes
Chimera Investment Corporation launched a $115 million public offering of 8.875% senior notes due 2030 on September 9, 2025, with underwriters led by Morgan Stanley and a 30-day option for an additional $17.25 million. The notes close September 16, bolstering the REIT's capital base amid market volatility. This debt raise extends maturities while carrying higher yields. Risks hinge on closing conditions.
8-K
HomeXpress acquisition advances
Chimera Investment announced a definitive agreement on August 6, 2025, to acquire HomeXpress Mortgage Corporation, a leading non-QM originator with $10.7 billion in loans since 2016, for cash equal to book value plus a $120 million premium and 2,077,151 common shares; closing is expected in Q4 2025. This bolsters Chimera's residential credit platform by adding origination capabilities, enabling loan retention and MSR investments while diversifying earnings through fees and gain-on-sale income. Yet integration risks loom large. Q2 earnings available for distribution hit $0.39 per share.
10-Q
Q2 FY2025 results
Chimera Investment Corporation reported solid Q2 FY2025 results, with net interest income dipping slightly to $66M from $67M y/y yet holding steady q/q at $69M (derived), buoyed by $2.3B in Agency RMBS pass-through buys that boosted interest income 5% q/q to $201M. Diluted EPS came in at $0.17, down from $0.41 y/y but matching Q1's $1.77 after reconciling to 82.6M weighted shares with no anti-dilution flagged; YTD EPS of $1.94 tracks the $160M net income available to commons. Key drivers included $9M from new investment management fees via Palisades, while credit provisions rose to $4M on cashflow dips in select Non-Agency RMBS. Liquidity strengthened with cash at $250M and $1.9B unused facilities, recourse leverage at 1.8:1, and total debt of $11.7B (4.5:1 overall) featuring non-MTM terms; the HomeXpress acquisition, set for Q4 close with $120M cash plus 2.1M shares, eyes non-QM loan synergies. Free cash flow isn't disclosed in the 10-Q. Yet competition in mortgage credit could squeeze spreads further.
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