CHIMERA INVESTMENT CORP CIM
We are a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in and manage for others, through our wholly-owned subsidiary Palisades Advisory Services LLC ("PAS"), include residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose loans (including RTLs) and investor loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp. ("HomeXpress"), we originate consumer Non-QM and investor business purpose residential mortgage loans as well as QM residential mortgage loans. Chimera Investment Corporation was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust (REIT) for U.S. federal income tax purposes.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | $30.0M | $23.2M | $25.1M | $22.7M | $22.2M | $22.9M | $23.9M | $22.7M | $17.6M | $17.5M |
| Interest expense | $266.4M | $264.7M | $263.4M | $439.8M | $326.6M | $516.2M | $758.8M | $679.1M | $532.7M | $347.9M |
| Pre-tax income | $232.8M | $176.1M | $126.2M | -$513.3M | $674.5M | $89.0M | $413.7M | $411.7M | $524.8M | $552.0M |
| Income tax | $2.3M | $49.0K | $102.0K | $253.0K | $4.4M | $158.0K | $193.0K | $91.0K | $108.0K | $83.0K |
| Net income | $230.5M | $176.1M | $126.1M | -$513.1M | $674.5M | $88.9M | $413.6M | $411.6M | $524.7M | $551.9M |
| EPS, basic | 1.76 | 1.12 | 0.68 | -7.53 | 2.55 | 0.07 | 1.82 | 1.97 | 2.62 | 2.93 |
| EPS, diluted | 1.72 | 1.10 | 0.68 | -7.53 | 2.44 | 0.07 | 1.81 | 1.96 | 2.61 | 2.92 |
| Shares, diluted (wtd. avg.) | 83.9M | 82.2M | 77.5M | 78.0M | 245.5M | 226.4M | 188.4M | 187.7M | 188.3M | 188.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $278.6M | $84.0M | $221.7M | $264.6M | $385.7M | $269.1M | $109.9M | $47.5M | $63.6M | $177.7M |
| Total assets | $15.81B | $13.12B | $12.93B | $13.40B | $15.41B | $17.52B | $27.12B | $27.71B | $21.22B | $16.68B |
| Long-term debt | $251.5M | $134.6M | $0 | — | $0 | $51.6M | $0 | — | — | — |
| Total liabilities | $13.24B | $10.59B | $10.37B | $10.74B | $11.67B | $13.74B | $23.17B | $24.00B | $17.59B | $13.56B |
| Retained earnings | $4.57B | $4.34B | $4.17B | $4.04B | $4.55B | $3.88B | $3.79B | $3.38B | $2.97B | $2.44B |
| Total equity | $2.57B | $2.53B | $2.56B | $2.67B | $3.74B | $3.78B | $3.95B | $3.70B | $3.63B | $3.12B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$248.9M | $205.7M | $213.3M | $325.7M | $519.2M | $257.9M | $65.0M | $297.6M | $487.3M | $552.9M |
| Stock-based compensation | $9.7M | $10.1M | $9.6M | $8.2M | $6.5M | $5.0M | $10.6M | $8.8M | — | — |
| Investing cash flow | -$1.66B | $178.2M | $551.8M | $509.8M | $2.55B | $8.33B | $1.24B | -$6.03B | -$4.33B | -$1.27B |
| Financing cash flow | $2.11B | -$521.6M | -$807.9M | -$956.7M | -$2.95B | -$8.43B | -$1.24B | $5.71B | $3.73B | $781.3M |
| Dividends paid | $122.7M | $119.1M | $195.2M | $287.7M | $298.6M | $322.6M | $374.3M | $374.4M | $375.8M | $454.3M |
| Buybacks | $0 | $0 | $33.1M | $48.9M | $1.8M | $22.1M | $0 | $14.8M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001206774-26-000238.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $551.9M | $524.7M | $411.6M | $413.6M | $88.9M | $674.5M | -$513.1M | $126.1M | $176.1M | $230.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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