Chimera Invt Corp Stock Price, News & Analysis

Chimera Investment Corporation (NYSE: CIM) has announced the pricing of an underwritten public offering of $115 million in 8.875% senior notes due 2030. The company has granted underwriters a 30-day option for an additional $17.25 million to cover over-allotments.

The notes will trade under symbol CIMP on the NYSE, paying quarterly interest starting November 15, 2025, and maturing on August 15, 2030. The proceeds will finance mortgage assets acquisition, including residential mortgage loans, RMBS, CMBS, and mortgage servicing rights, as well as general corporate purposes like debt repayment.

Chimera Investment Corporation (NYSE:CIM) reported Q2 2025 financial results with GAAP net income of $0.17 per diluted common share and Earnings Available for Distribution of $0.39 per diluted common share. The company achieved a GAAP book value of $20.91 per common share as of June 30, 2025, with economic returns of 0.5% and 9.8% for the quarter and six months, respectively.

A significant highlight is the company's agreement to acquire HomeXpress Mortgage Corporation, a leading non-QM mortgage originator. This strategic move, combined with the previous Palisades acquisition and portfolio diversification into Agency RMBS and MSRs, advances Chimera's evolution toward becoming a diversified hybrid residential mortgage REIT.

The company's total assets reached $14.86 billion, with significant holdings in loans held for investment ($10.64 billion), Agency MBS ($2.68 billion), and Non-Agency RMBS ($1.01 billion).

Chimera (NYSE:CIM) has declared third quarter 2025 preferred stock dividends for its Series A, B, C, and D shares. The company announced the following dividend payments: $0.50 per share for Series A (8.00% rate), $0.6464 per share for Series B (10.34319% rate), $0.484375 per share for Series C (7.75% rate), and $0.6345 per share for Series D (9.93119% rate).

All dividends will be payable on September 30, 2025, to shareholders of record as of September 2, 2025, with an ex-dividend date of September 2, 2025. The floating rates for Series B and D are based on three-month CME Term SOFR plus respective spreads.

Chimera Investment Corporation (NYSE:CIM) has scheduled its second quarter 2025 financial results release for August 6, 2025, before 7:00 a.m. EDT. The company will host a conference call and webcast at 8:30 a.m. EDT the same day to discuss the results.

Investors can access the conference call via U.S. toll-free number (866) 604-1613 or international number (201) 689-7810. A replay will be available through August 20, 2025. The webcast can be accessed through the company's website at chimerareit.com.

Palisades Group, a subsidiary of Chimera Investment Corporation (NYSE: CIM), has announced the closing of a significant $112.1 million securitization backed by home equity investment assets (HEI) through its subsidiary Solve Funding LLC. The SOLVE 2025-HEC1 transaction, rated by Morningstar DBRS, represents the first rated, multi-originator securitization in the HEI sector.

The securitization comes at a time when U.S. homeowners are experiencing record levels of home equity, while rising interest rates have made traditional financing options less attractive. Palisades Group, which has managed over $45 billion of loans since 2012, worked with Nomura Securities International, Texas Capital Securities, and Cantor Fitzgerald & Co. to structure and execute the transaction.

HomeXpress Mortgage Corp., a leading non-QM and business-purpose residential mortgage loan originator, has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE: CIM). Under the deal, HomeXpress will operate as a Chimera subsidiary, maintaining its current leadership under President and CEO Kyle Walker. The acquisition represents a strategic expansion of Chimera's presence in the non-QM space and aims to strengthen its position as a leading real estate investment trust. The deal combines both companies' platforms and assets, enabling HomeXpress to expand its product offerings and grow its market presence while enhancing value for borrowers and business partners. Piper Sandler & Co. and Wells Fargo served as financial advisors for HomeXpress/Seer and Chimera respectively.

Chimera Investment Corporation (NYSE: CIM) has announced a definitive agreement to acquire HomeXpress Mortgage Corp., a leading national non-QM mortgage originator. The acquisition, expected to close in Q4 2025, involves a purchase price equal to HomeXpress' adjusted book value plus a premium of $120 million in cash and 2,077,151 Chimera shares. HomeXpress, operating in 46 states and D.C. with 300 employees, generated $2.5 billion in funded origination volume in 2024 and expects $3.5 billion in 2025. The company reported $47 million in pre-tax income for 2024 and holds $115 million in GAAP Total Equity as of March 2025. The strategic acquisition is expected to be accretive to Chimera's earnings in 2026, leveraging synergies between HomeXpress' origination platform and Chimera's loan securitization and management services.

Chimera Investment Corporation (CIM) has announced its second quarter 2025 dividend distribution. The company's Board of Directors has declared a cash dividend of $0.37 per common share. This dividend will be paid on July 31, 2025, to shareholders who are recorded as stockholders as of June 30, 2025. The ex-dividend date, which is the date when the stock begins trading without the value of the upcoming dividend payment, is set for June 30, 2025.

Chimera Investment Corporation (NYSE:CIM) reported strong Q1 2025 financial results with GAAP net income of $1.77 per diluted common share and earnings available for distribution of $0.41 per share. The company's GAAP book value reached $21.17 per common share, delivering an economic return of 9.20%. Key highlights include an 11% improvement in earnings available for distribution and a 7.4% increase in book value. The company successfully completed a cash-out refinancing of all non-Remic securitizations, generating $187 million in funds for new investment. Additionally, CIM extended two large non-mark to market secured financing facilities until 2027. Total assets stood at $13.2 billion as of March 31, 2025, with net interest income of $69.2 million for the quarter.