Chimera Investment Corp. reports news about its business as an internally managed real estate investment trust focused on residential real estate assets and mortgage credit. The company invests in, originates, and manages mortgage assets including residential mortgage loans, Non-Agency RMBS, Agency RMBS, Agency CMBS, mortgage servicing rights, RTLs, investor loans, junior liens, HELOCs, equity appreciation rights, and reverse mortgages.
Recurring updates cover quarterly and annual earnings, earnings available for distribution, book-value measures, portfolio positioning, and dividend actions for common and preferred stock. News also reflects Chimera's operating platforms, including Palisades Advisory Services for asset management and HomeXpress Mortgage Corp. for non-QM, QM, consumer, and investor mortgage loan originations.
Chimera Investment Corporation (NYSE:CIM) reported a GAAP net loss of $180 million, or $0.76 per diluted share for Q2 2022. Despite challenging market conditions with rising interest rates, earnings available for distribution were $74 million or $0.31 per diluted share. The company's book value stood at $8.82 per share. During the quarter, Chimera successfully repurchased 5.4 million shares of its common stock. Total assets decreased to $14.03 billion from $15.41 billion at year-end 2021, while liabilities dropped to $11.06 billion from $11.67 billion.
Chimera Investment Corporation (NYSE: CIM) has announced the release date for its financial results for Q2 2022, which will be available on August 4, 2022, before 7:00 a.m. EDT. An accompanying conference call is scheduled for the same day at 8:30 a.m. EDT. Investors can join via toll-free call (888) 437-3179 or access the audio webcast. A replay will be accessible for two weeks post-call.
Chimera Investment Corporation (NYSE:CIM) reported a GAAP net loss of $281 million ($1.19 per diluted share) for Q1 2022, contrasting with a profit of $139 million in Q1 2021. However, earnings available for distribution stood at $94 million ($0.39 per diluted share), including $0.07 from called agency CMBS securities. The company executed a strategy to acquire $807 million in residential re-performing loans and initiated a $328 million securitization. Despite the losses, these actions are anticipated to enhance earnings moving forward.
Chimera Investment Corporation has declared its second-quarter 2022 cash dividend of $0.33 per share for common stock and $0.50 per share for various series of preferred stock, including Series A, B, C, and D. The dividends are payable on July 28, 2022 for common stockholders and on June 30, 2022 for preferred shareholders, with respective record dates of June 30 and June 1, 2022. The ex-dividend date is set for June 29, 2022. This declaration reflects the company’s ongoing commitment to returning value to shareholders.
Chimera Investment Corporation (NYSE: CIM) will release its financial results for Q1 ending March 31, 2022, on May 5, 2022, before 7:00 a.m. EDT. A conference call will follow at 8:30 a.m. EDT, where the results will be discussed. The call can be accessed via U.S. toll-free number (866) 682-6100 or internationally at (862) 298-0702. A replay will be available on their website for 12 months and via dial-in for two weeks. For more details, visit www.chimerareit.com.
Chimera Investment Corporation (NYSE: CIM) announced that John P. Reilly, an independent board member since April 2010, will not seek re-election at the 2022 Annual Meeting of Stockholders, effective March 24, 2022. The company expressed gratitude for his significant contributions, including his roles on the Nominating/Corporate Governance and Compensation Committees. Reilly's departure marks a change in the board composition, which could influence future governance.
The Board of Directors of Chimera Investment Corporation (CIM) has declared its first quarter 2022 cash dividend of $0.33 per common share, payable on April 28, 2022. Additionally, dividends for preferred shares include $0.50 for Series A, B, and D, and $0.484375 for Series C, all payable on March 31, 2022. Record dates for preferred stock dividends are March 25, 2022, with the ex-dividend date set for March 24, 2022.
Chimera Investment Corporation (NYSE:CIM) reported a GAAP net loss of $718,000 ($0.00 per diluted share) for Q4 2021. However, the full year GAAP net income was $596 million ($2.44 per diluted share). Earnings available for distribution were $111 million ($0.46 per diluted share) for Q4 and $429 million ($1.78 per diluted share) for the year. The company highlighted a significant increase in loan purchases to $3.2 billion in 2021, aided by low interest rates. Its GAAP book value stood at $11.84 per share.
Chimera Investment Corporation (NYSE: CIM) will release its financial results for Q4 and the full year ended December 31, 2021 on February 17, 2022, before 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss these results. Participants can join by calling (866) 342-8591 for U.S. callers or (203) 518-9713 for international callers, using Conference ID CIMQ421. A replay will be available for one week post-call.
Chimera Investment Corporation (NYSE:CIM) announced the appointment of Sandra Bell as a Class II Director on its Board. Bell, who has served as CFO of Tiptree Inc. since July 2015, brings extensive experience from previous roles at Prospect Mortgage and PHH Corporation. She will also participate in the Audit and Risk Committees. Her election is set for the 2022 shareholder meeting, where she will complete the remaining two years of the Class II Director term. Chairman Gerry Creagh expressed confidence in Bell's expertise enhancing the Company.