Loading…
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% | -149.3% | -124.6% |
| 2022 | $-415M | - | $-513M | $326M | -19.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | -415.21 | 204.77 | 257.93 | 356.84 |
| Operating Revenue | - | -415.21 | 204.77 | 257.93 | 356.84 |
| Selling General And Administration | - | 72.03 | 55.69 | 64.56 | 86.70 |
| Interest Income | - | 773.12 | 772.90 | 760.95 | 821.86 |
| Interest Expense | - | 333.29 | 509.54 | 496.27 | 554.92 |
| Net Interest Income | - | 439.83 | 263.36 | 264.68 | 266.94 |
| Pretax Income | - | -513.32 | 126.21 | 176.11 | 232.77 |
| Tax Provision | - | -0.25 | 0.10 | 0.05 | 2.27 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0.02 |
| Net Income Continuous Operations | - | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income From Continuing And Discontinued Operation | - | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income From Continuing Operation Net Minority Interest | - | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income | - | -513.07 | 126.10 | 176.06 | 230.50 |
| Net Income Common Stockholders | - | -586.83 | 52.35 | 90.33 | 144.47 |
| Net Income Including Noncontrolling Interests | - | -513.07 | 126.10 | 176.06 | 230.50 |
| Normalized Income | - | -510.17 | 122.23 | 176.06 | 228.38 |
| Diluted NI Availto Com Stockholders | - | -586.83 | 52.35 | 90.33 | 144.47 |
| Basic Average Shares | - | 77.98 | 76.69 | 80.98 | 82.18 |
| Diluted Average Shares | - | 77.98 | 77.54 | 82.16 | 83.94 |
| Reconciled Depreciation | - | 0 | 0 | 0.32 | 7.18 |
| Total Unusual Items | - | -2.90 | 3.88 | 0 | 2.14 |
| Total Unusual Items Excluding Goodwill | - | -2.90 | 3.88 | 0 | 2.14 |
| Preferred Stock Dividends | - | 73.76 | 73.75 | 85.74 | 86.03 |
| 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 |
| Average Dilution Earnings | - | 0 | 0 | 0 | 0 |
| 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 | 7.69↓ discount | 0.43 | 5.6% | - |
| Arbor Realty Trust, Inc. | ABR | $1.2B | 7.79 | 0.50 | 6.4% | - |
| Easterly Government Properties, Inc. | DEA | $1.1B | 87.80 | 0.86 | 1.0% | 13.79 |
| Marcus & Millichap, Inc. | MMI | $1.1B | - | 1.88 | -0.3% | 59.90 |
| Piedmont Realty Trust, Inc. | PDM |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.1B |
| - |
| 0.75 |
| -5.6% |
| 12.39 |
| Safehold Inc. | SAFE | $1.1B | 9.51 | 0.45 | 4.8% | 16.59 |
| eXp World Holdings, Inc. | EXPI | $1.1B | -47.26 | 4.42 | -9.4% | - |
| Service Properties Trust | SVC | $1.1B | -5.28 | 1.65 | -31.3% | 12.79 |
| Centerspace | CSR | $1.1B | 60.46 | 1.48 | 2.4% | 11.35 |
| Peer Median | - | 8.65 | 1.17 | 0.3% | 13.29 | |