Chimera Investment

Chimera Investment Corp. operates as a real estate investment trust. engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm's objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on June 1, 2007 and is headquartered in New York, NY.

Earnings data Q1 2021

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Chimera Investment tackles challenges, focuses on strategic growth initiatives

Chimera Investment (CIM) navigated challenges from inflation and interest rate hikes by focusing on strategic initiatives and financial improvements.
The company's strengths in portfolio diversification, acquiring diverse loan types, and enhancing book value per common share were highlighted.
Addressing concerns around hedging strategies, dividend sustainability, and equity financing will be key to sustaining shareholder value and financial stability.

Chimera Investment reports robust Q1 performance amidst market challenges

Chimera Investment's Q1 earnings call highlighted strong performance, resilience in the face of challenges, and opportunities for growth. The company's financial metrics, strategic actions, and positive outlook position it well for the future.

Chimera Investment Q2 2023: Solid Performance Amidst Market Challenges

Chimera Investment reported solid financial metrics in Q2 2023, with a focus on maintaining economic return amidst market challenges.
The company demonstrated strategic initiatives to address rising rates, reduce financing costs, and enhance shareholder value through stock buybacks.
While facing challenges such as declining book value per share and constant expenses, Chimera remains optimistic about its position in the market.
Opportunities lie in leveraging a strong economy, preparedness for rate hikes, and strategic investments to drive future growth and profitability.

Chimera Investment adapts to high rates, optimistic on future growth

Chimera Investment navigated market challenges by focusing on liquidity management and reducing dividend to align with earnings.
Despite economic uncertainties, the company remains optimistic about future performance and is proactive in managing its financial position.
Strong portfolio performance and stable interest income position Chimera Investment well to capitalize on growth opportunities and optimize returns.

Chimera Investment excels in Q4 amidst market volatility, eyes growth opportunities

Chimera Investment's Q4 2023 earnings call highlighted a robust performance amidst market volatility, emphasizing strategic acquisitions and capital deployment. The company's proactive stance on optimizing investments and managing expenses positions it well for growth in 2024.

Chimera Investment (CIM) reports solid Q1 performance and eyes growth opportunities

Chimera Investment's Q1 2024 earnings call highlighted strong financial results, prudent balance sheet actions, and strategic interest rate risk management. The company faces challenges in capital deployment decisions but has opportunities to optimize its EAD outlook and ROE. Overall, Chimera Investment remains well-positioned for growth and value creation in the evolving market landscape.

Chimera Investment reports stable Q2 performance amidst market challenges

Chimera Investment (CIM) navigated market challenges with stable financial performance and strategic achievements in Q2 2024.
While facing uncertainties in the economy and interest rate environment, the company capitalized on housing market resilience and effective risk management.
Opportunities for growth and diversification exist, positioning Chimera Investment for continued success in the evolving financial landscape.

Chimera Investment posts strong Q3 results, eyes strategic growth

Chimera Investment (CIM) delivered robust financial performance in Q3 2024, driven by strategic acquisitions and dividend increases. While facing challenges related to interest rate exposure, the company remains focused on enhancing shareholder value and pursuing growth opportunities.

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Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.

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Mortgage REIT book values were slaughtered. BDC values were not. I'm including our Q3 2023 earnings and BV estimates for stocks chosen by readers. When interest rates rip higher, it is usually very bad for mortgage REITs.

The Devastation Of Book Value In Q3 2023

We take a look at the action in preferreds and baby bonds through the last week of September and highlight some of the key themes we are watching. Preferreds finished September on a weak note, under pressure from rising Treasury yields. CIM finally announced a transition to SOFR for its Libor-based preferreds.

Preferreds Weekly Review: Chimera Investment Steps Back From The Libor Brink

This week, we shifted our allocation within the mortgage REIT Chimera Investment preferred suite. The goal of this shift was to take advantage of relative value, marginally derisk portfolio exposure, and lower the fix-for-life risk seen in other preferreds. Our "lazy-man" infrequent rotation strategy continues to deliver significant alpha and top up the beta of the preferreds.

Chimera Investment: Why We Rotated Our Allocation In The Preferred Suite

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Volatility in Treasuries is causing issues for analysts as it affects share prices and fundamentals. The market forecast for inflation has not changed significantly in the last six months, indicating belief that inflation is under control. Mortgage REITs are experiencing declines in book values, particularly agency mortgage REITs, due to interest rate risk.

Mortgage REIT Chaos

Chimera Investment Corporation has lowered its dividend twice in the past year due to lower distributable earnings in a higher-rate environment. The rise in short-term interest rates has made the leveraged mortgage trust model less sustainable, leading to a large contraction in the company's distributable earnings. CIM stock is currently trading at a 52% discount to book value, indicating that passive income investors are pricing in another dividend decrease in the short term.

Chimera: This 16% Yielding Mortgage Trust May Cut Its Dividend Again

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Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

Chimera Investment Corporation is considering whether to keep CIM-B as a fixed-rate dividend or allow it to float as originally intended. The company previously stated that the LIBOR rate payable on their preferred shares was already replaced with SOFR by operation of law. The company's financial statements stated unequivocally that series B, C, and D would float. These statements were filed with the SEC a month after SOFR replaced LIBOR.

The Preferred Share Dilemma Chimera Created For Themselves

BURLINGAME, Calif.--(BUSINESS WIRE)-- #Chimera--Quadric® today announced that support for the Llama 2 large language model (LLM) is immediately available on its ChimeraTM general purpose neural processing unit (GPNPU) intellectual property (IP) core. Unlike other IP and semiconductor application processor suppliers, Quadric was able to add this support with a simple software port with no hardware changes, so existing designs can immediately run this model. Other suppliers have announced plans to change th.

Quadric Announces Llama2 LLM Support Immediately Available for Chimera GPNPUs

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In July, we received a dividend income total of $1,421.13. The $200 dividend from Canada Imperial was reinvested and acquired almost 5 more shares, adding more income. July was probably one of the lowest number of stocks increasing their dividend for me.

Dividend Income Summary: Lanny's July 2023 Summary

Chimera Investment Corporation (NYSE:CIM ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Victor Falvo - Head, Capital Markets Phil Kardis - CEO Subra Viswanathan - CFO Dan Thakkar - Co-Chief Investment Officer Conference Call Participants Bose George - KBW Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Operator Good day, ladies and gentlemen, and welcome to the Chimera Investment Second Quarter 2023 Earnings Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation.

Chimera Investment Corporation (CIM) Q2 2023 Earnings Call Transcript

Chimera Investment (CIM) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.31 per share a year ago.

Chimera Investment (CIM) Misses Q2 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2023. Financial Highlights: 2ND QUARTER GAAP NET INCOME OF $0.08 PER DILUTED COMMON SHARE 2ND QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(1) OF $0.12 PER DILUTED COMMON SHARE. GAAP BOOK VALUE OF $7.29 PER COMMON SHARE Business Highlights: Second Quarter Repurchased 5.8 million shares for $33 million at an average price of $5.66 per share. Settled $475.

CHIMERA INVESTMENT CORPORATION REPORTS 2ND QUARTER 2023 EARNINGS

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share. The dividend is payable October 31, 2023 to common stockholders of record on September 29, 2023. The ex-dividend date is September 28, 2023. The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is pa.

Chimera Declares Third Quarter 2023 Common and Preferred Stock Dividends

Chimera has consistently experienced substantial capital destruction, losing over 90% of its value since 2009 despite various market conditions. The allure of the company's high dividend yield, currently around 10%, has attracted income-seeking investors, but the unsustainable dividend policy leads to repeated cuts, resulting in further stock price declines. The heavy use of leverage and inadequate hedging practices make Chimera vulnerable to market fluctuations, making it a risky investment choice for long-term investors.

Chimera: Avoid This Habitual Dividend Cutter

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, August 3, 2023 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (888) 437-3179 International (862) 298-0702 Webcast   https://www.chimerareit.com/news-events/.

Chimera Investment Corporation Announces Date of Second Quarter 2023 Financial Results and Conference Call

Fixed-to-floating rate mREIT preferreds offer potential value as their market share price has moved opposite to their contracted earnings power. Chimera Investment Corporation's preferred issues, CIM.PB, CIM.PC, and CIM.PD, can be purchased for going-in dividend yields above 10%. At conversion on 03/30/2024, CIM.PB and CIM.PD will offer yields above 14% as measured against today's share prices, with potential for 30% capital appreciation.

Chimera Investment Preferreds: Looking Back A Year To See Profit A Year Forward

BURLINGAME, Calif.--(BUSINESS WIRE)-- #Chimera--Quadric® today announced that its Chimera™ general purpose neural processing unit (GPNPU) processor intellectual property (IP) supports vision transformer (ViT) machine learning (ML) inference models. These newer ViT models are not supported by almost all NPUs currently in production, making it impractical to run ViT on many existing edge AI system-on-chip (SoC) devices. ViT models are the latest state-of-the-art ML models for image and vision processing in.

Quadric Announces Vision Transformer Support for Chimera GPNPUs

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company” or “Chimera”) announced today that its Board of Directors declared the second quarter common stock dividend. The Company also announced an increase in the amount authorized under its common stock repurchase program. 2nd Quarter Common Stock Dividend Announcement The Board of Directors of the Company announced the declaration of a second quarter 2023 cash dividend of $0.18 per share of common stock. This dividen.

Chimera Investment Corporation Announces 2nd Quarter 2023 Common Stock Dividend and Increase in Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation, Inc. (NYSE: CIM) (the “Company”) today announces a correction to the ex-dividend date for the dividend payments on June 30, 2023 for the 8% Series A Cumulative Redeemable Preferred Stock, 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 8% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (together, the “Preferred.

Chimera Announces Revised Ex-Dividend Date for Second Quarter Preferred Stock Cash Dividend – Payment Amount, Payable Date and Record Date Unchanged

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2023 to preferred shareholders of record on June 20, 2023. The ex-dividend date is June 19, 2023. The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series B Fixed-to-Floating Rate Cumulative Red.

Chimera Declares Second Quarter 2023 Preferred Stock Dividends

Chimera just reported a big miss on net interest income for its fiscal 2023 first quarter. GAAP book value at $7.41 per share fell from $10.15 in the year-ago comp.

Chimera Investment: The 19% Yield Will Likely Be Cut Soon

A real estate investment trust (REIT) is a company that owns, operates or finances real estate that generates income through mortgages, leases, rents and interest payments. Following a structure similar to mutual funds, REITs pool the capital of many different investors.

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. Dividend Income is my primary vehicle on the road to Financial Freedom, which you can see through my Dividend Portfolio.

Dividend Income Summary: Lanny's April 2023 Summary

Chimera Investment Corporation (NYSE:CIM ) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Victor Falvo - Head, Capital Markets Phil Kardis - CEO Choudhary Yarlagadda - President and Co-CIO Dan Thakkar - Co-CIO Subra Viswanathan - CFO Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Bose George - KBW Operator Good day, ladies and gentlemen and welcome to the Chimera Investment Corporation First Quarter 2023 Earnings Call. All lines have been placed on a listen-only mode and the floor will be open for your questions and comments following the presentation.

Chimera Investment Corporation (CIM) Q1 2023 Earnings Call Transcript

Chimera Investment (CIM) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.39 per share a year ago.

Chimera Investment (CIM) Q1 Earnings and Revenues Lag Estimates

News for Chimera Investment Stock (CIM)