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Latest Financial Results
FY 2023
Fiscal Year Ended Dec 31, 2023
4th quarter GAAP net income of $(0.05) per diluted common share
4th quarter earnings available for distribution of $0.13 per diluted common share
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.
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."
Dec 31, 2023
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
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 PortfolioIncorporating 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