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].