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Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. It operates in two segments, Investment Portfolio and Residential Origination. The company, through its subsidiaries, invests in, originates, and manages a portfolio of mortgage assets, including residential mortgage loans, non-agency mortgage-backed securities, agency mortgage-backed securities, business purpose loans, investor loans, mortgage servicing rights, and other real estate-related assets. It also invests in investment grade, non-investment grade, and non-rated securities. In addition, the company offers third-party advisory services. The company qualifies as a REIT for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Chimera Investment Corporation was incorporated in 2007 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $357M | - | $230M | $-287M | 9.0% | 38.3% | 30.9% |
| 2024 | $258M | - | $176M | $206M | 7.0% | 26.0% | 39.6% |
| 2023 | $205M | - | $126M | $213M | 4.9% | - | - |
| 2022 | $-415M | - | $-513M | $326M | -19.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | -415.21 | 204.77 | 257.93 | 356.84 |
| Pretax Income | -513.32 | 126.21 | 176.11 | 232.77 |
| Tax Provision | -0.25 | 0.10 | 0.05 | 2.27 |
| Net Income | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income Common Stockholders | -586.83 | 52.35 | 90.33 | 144.47 |
| Interest Expense | 333.29 | 509.54 | 496.27 | 554.92 |
| Interest Income | 773.12 | 772.90 | 760.95 | 821.86 |
| Selling General And Administration | 72.03 | 55.69 | 64.56 | 86.70 |
| Normalized Income | -510.17 | 122.23 | 176.06 | 228.38 |
| Basic EPS | -7.53 | 0.69 | 1.12 | 1.76 |
| Diluted EPS | -7.53 | 0.69 | 1.10 | 1.72 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0.02 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0.01 |
| Total Unusual Items | -2.90 | 3.88 | 0 | 2.14 |
| Total Unusual Items Excluding Goodwill | -2.90 | 3.88 | 0 | 2.14 |
| Net Income From Continuing Operation Net Minority Interest | -513.07 | 126.10 | 176.06 | 230.50 |
| Reconciled Depreciation | 0 | 0 | 0.32 | 7.18 |
| Net Interest Income | 439.83 | 263.36 | 264.68 | 266.94 |
| Net Income From Continuing And Discontinued Operation | -513.07 | 126.10 | 176.06 | 230.50 |
| Diluted Average Shares | 77.98 | 77.54 | 82.16 | 83.94 |
| Basic Average Shares | 77.98 | 76.69 | 80.98 | 82.18 |
| Diluted NI Availto Com Stockholders | -586.83 | 52.35 | 90.33 | 144.47 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Preferred Stock Dividends | 73.77 | 73.75 | 85.74 | 86.03 |
| Net Income Including Noncontrolling Interests | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income Continuous Operations | -513.07 | 126.10 | 176.06 | 230.50 |
| Special Income Charges | -2.90 | 3.88 | 0 | 2.14 |
| Gain On Sale Of Security | -819.03 | -25.97 | 20.34 | 61.67 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0.32 | 7.18 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0.32 | 7.18 |
| General And Administrative Expense | 72.03 | 55.69 | 64.56 | 86.70 |
| Other Gand A | 22.65 | 25.12 | 23.20 | 30 |
| Salaries And Wages | 49.38 | 30.57 | 41.36 | 56.70 |
| Operating Revenue | -415.21 | 204.77 | 257.93 | 356.84 |
| Other Non Interest Expense | 16.15 | 15.38 | 7.09 | 16.63 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Chimera Investment Corporationthis co. | CIM | $1.1B | 7.88↓ discount | 0.44 | 9.0% | - |
| Saul Centers, Inc. | BFS | $1.2B | 22.55 | 6.89 | 30.5% | 13.88 |
| Franklin BSP Realty Trust, Inc. | FBRT | $1.2B | 8.55 | 0.59 | 7.0% | 50.59 |
| Centerspace | CSR | $1.1B | 63.46 | 1.55 | 2.4% | 11.64 |
| Safehold Inc. | SAFE | $1.1B |
| 10.03 |
| 0.48 |
| 4.8% |
| 16.77 |
| Easterly Government Properties, Inc. | DEA | $1.1B | 83.84 | 0.82 | 1.0% | 13.54 |
| Adamas Trust, Inc. | ADAM | $1.1B | 4.83 | 0.81 | 16.8% | - |
| MFA Financial, Inc. | MFA | $1.0B | 7.82 | 0.57 | 9.7% | - |
| Piedmont Realty Trust, Inc. | PDM | $1.0B | - | 0.68 | -5.6% | 12.43 |
| Peer Median | - | 10.03 | 0.75 | 5.9% | 13.71 | |