The Good Brigade Investment Thesis Pessimism surrounding Chimera Investment (NYSE:CIM) has brought the stock to a 5-year low, at around $12 per share at the time of this writing. As a mREIT, this isn't too unusual, as a lot of mortgage REITs trade at cheap valuations due to rising rates in the past that have crushed book values. However, at this price the discount to book value is way too wide, and I think future dividend cuts are unlikely. I think book values and dividends have stabilized, which should sup ...

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Chimera Investment Corporation (NYSE:CIM) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Conference Call Participants Operator I have here with me today are Victor Falvo and all participants are in a listen-only mode. At this time, a brief question-and-answer will follow the formal presentation. [Operator Instructions] And as a reminder this conference is being recorded. Thank you, operator. And thank you, everyone, for participating in Chimeraâs first quarter 2024 earnings conference call. During ...

Chimera Investment (CIM) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this mortgage investor would post earnings of $0.13 per share when it actually produced earnings of $0.13, delivering no surprise.Over the last four quarters, the company ...

NE CHIMERA "WESTMENT INVESTOR PRESENTATION 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. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "goal" "expect," "target," "assume," "estimate," "project," "budget," "forecast," "an ...

NYSE: CIM Investor Relations 888-895-6557 www.chimerareit.com NEW YORK - (BUSINESS WIRE) - Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2024. • 1ST QUARTER GAAP NET INCOME OF $0.45 PER DILUTED COMMON SHARE • 1ST QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION OF $0.12 PER DILUTED COMMON SHARE • GAAP BOOK VALUE OF $7.11 PER COMMON SHARE (1) | --- | --- | --- | |-------------------------------------------------------------------------------- ...

We also indirectly own an entity that has elected to be taxed as a REIT under the U.S. federal income tax laws, or a "Subsidiary REIT." Our Subsidiary REIT is subject to the same REIT qualification requirements that are applicable to us. If our Subsidiary REIT were to fail to qualify as a REIT, then (i) that Subsidiary REIT would become subject to regular U.S. federal, state and local corporate income tax, (ii) our interest in such Subsidiary REIT would cease to be a qualifying asset for purposes of the REI ...

designer491A higher-than-expected reading of inflation data on Tuesday triggered a minor meltdown for stocks, including in the high-yield sector that consists of mortgage real estate investment trusts and business development company. One such trust was Chimera Investment Corporation (NYSE:CIM) which also happened to just report 4Q-23 earnings. Though Chimera Investment’s stock just fell to new 52-week lows, the earnings release showed that the dividend realignment in the last quarter worked: Chimera In ...

Company Participants Conference Call Participants Operator Before we begin, I'd like to review the Safe Harbor statements. During this call, we will be making forwardlooking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which are outlined in the Risk Factors section in our most recent annual and quarterly SEC filings. Good morning, and welcome to Chimera I ...

Chimera Investment (CIM) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this mortgage investor would post earnings of $0.12 per share when it actually produced earnings of $0.13, delivering a surprise of 8.33%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Chimera, which belon ...