UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED: September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 1-33796 CHIMERA INVESTMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) Maryland 26-0630461 (State or other juris ...

Chimera Investment (NYSE:CIM) Q3 2025 Earnings Call November 06, 2025 08:30 AM ET Speaker0Greetings. Welcome to Chimera Investment Corporation's third quarter earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I would now like to turn the conference over to M ...

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Q3 2025 | INVESTOR PRESENTATION November 6, 2025 Disclaimer This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including as related to the expected impact (including related to Chimera's future earnings) of Chimera's acquisition of HomeXpress. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking stat ...

"The third quarter marked an important transition in the history of our business as we moved to cash in preparation for the acquisition of HomeXpress" said Phillip Kardis II, President and CEO, "Now that the acquisition has closed, we are well positioned to execute on our mission to diversify and grow earnings going into year end and into 2026." (1) Earnings available for distribution per adjusted diluted common share is a non-GAAP measure. See additional discussion on page 6. FOR IMMEDIATE RELEASE CHIMERA ...

Core Insights - Chimera Investment Corporation reported its financial results for Q3 2025, highlighting a significant transition in its business strategy with the acquisition of HomeXpress, which is expected to enhance earnings diversification and growth moving into 2026 [3][7]. Financial Performance - The company recorded a GAAP net loss of $0.27 per diluted common share for Q3 2025, while the GAAP net income for the nine months ended September 30, 2025, was $1.67 per diluted common share [7][10]. - Earnings available for distribution were reported at $0.37 per adjusted diluted common share [7][10]. - The GAAP book value per common share stood at $20.24 as of September 30, 2025, reflecting an economic return of -1.4% for the quarter and 8.3% for the nine months [7][10]. Acquisition Details - The acquisition of HomeXpress was completed on October 1, 2025, for a total cash consideration of $240 million, which included an estimated adjusted book value of $120 million and a premium of $120 million, along with the issuance of 2,077,151 shares of common stock [7][10]. Asset and Liability Overview - Total assets as of September 30, 2025, were reported at $15.12 billion, an increase from $13.12 billion at the end of 2024 [9]. - Total liabilities amounted to $12.54 billion, up from $10.59 billion at the end of 2024 [9]. Income Statement Highlights - For Q3 2025, net interest income was $65.01 million, with interest income of $209.1 million and interest expense of $144.1 million [10]. - The company experienced a net loss of $580,000 for the quarter, with total other income (losses) reported at -$24.19 million [10][11]. Portfolio Composition - As of September 30, 2025, the company held a diversified mortgage-backed securities (MBS) portfolio, including Non-Agency RMBS and Agency RMBS, with significant principal values and varying yields [19][20].

Core Viewpoint - Chimera Investment Corporation has declared its fourth quarter 2025 cash dividends for various series of preferred stock, reflecting its commitment to providing returns to shareholders [2][3][4][5]. Dividend Declarations - The Board of Directors declared a cash dividend of $0.50 per share for the 8.00% Series A Cumulative Redeemable Preferred Stock, payable on December 30, 2025, to shareholders of record on December 1, 2025, with an ex-dividend date of December 1, 2025 [2]. - A cash dividend of $0.6274 per share was declared for the 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, reflecting a rate of 10.03786%, also payable on December 30, 2025, to shareholders of record on December 1, 2025, with the same ex-dividend date [3]. - The 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock will have a cash dividend of $0.5681 per share, reflecting a rate of 8.98986%, payable on December 30, 2025, to shareholders of record on December 1, 2025 [4]. - For the 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, a cash dividend of $0.6083 per share was declared, reflecting a rate of 9.62586%, payable on December 30, 2025, to shareholders of record on December 1, 2025 [5]. Company Overview - Chimera Investment Corporation is a publicly traded real estate investment trust (REIT) focused on providing attractive risk-adjusted returns and distributable income through investments linked to mortgage credit fundamentals [6]. - The company operates a fully integrated mortgage business that originates, manages, and invests in a diversified range of mortgage assets, including residential mortgage loans and various types of mortgage-backed securities [6].

Core Insights - Chimera Investment has been recognized as a Top 10 Real Estate Investment Trust (REIT) by Dividend Channel, highlighting its attractive valuation and strong profitability metrics [1] - The current share price of Chimera Investment is $12.76, with a price-to-book ratio of 0.4 and an annual dividend yield of 11.60%, significantly higher than the average yields and price-to-book ratios of other stocks in the coverage universe [1] - The company has a strong quarterly dividend history and favorable long-term growth rates in key fundamental data points [1] Valuation and Profitability - Dividend Channel's report emphasizes the importance of researching profitable companies that are trading at attractive valuations for dividend investors [2] - REITs are required to distribute at least 90% of their taxable income as dividends, which can lead to high yields but also introduces volatility in dividend payments [2] Dividend History - Chimera Investment currently pays an annualized dividend of $1.48 per share, distributed quarterly, with the most recent ex-dividend date on September 30, 2025 [3] - The long-term dividend history is considered crucial for assessing the sustainability of current dividend payments [3]

Core Insights - Rida Morwa has over 35 years of experience in investment and commercial banking, focusing on high-yield investment strategies since 1991 [1] - The Investing Group High Dividend Opportunities aims for a targeted safe yield of over 9% through various high-yield investments [1] Features of the Service - The service includes a model portfolio with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and active chat access to service leaders [2] - It emphasizes community and education, promoting the idea that investors should not invest alone [2]

Core Points - Chimera Investment Corporation has announced the release date for its third quarter 2025 earnings report and the corresponding conference call [1] Summary by Category Earnings Release - The earnings report for the third quarter of 2025 will be released on a specified date [1] Conference Call - A conference call will be held following the earnings release to discuss the results [1]