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) has declared a first quarter 2023 cash dividend of $0.23 per share, payable on April 27, 2023. The preliminary financial results for the fourth quarter 2022 indicate a GAAP net income estimated between $0.32 and $0.35 per diluted common share. Book value per share is estimated at $7.45 to $7.50, after accounting for dividends. The Company anticipates a 5-7% increase in book value by January 31, 2023, and is committed to purchasing approximately $700 million of residential mortgage loans, which could enhance future earnings.
Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for the fourth quarter and full year ending December 31, 2022 on February 15, 2023, prior to 7:00 a.m. EDT. A conference call and audio webcast will follow at 8:30 a.m. EDT on the same day. Investors can join using the U.S. toll-free number (866) 604-1613 or the international number (201) 689-7810. A replay will be available for two weeks after the call. The company, a publicly traded REIT, focuses on investing in a diversified portfolio of real estate assets.
Chimera Investment Corporation (NYSE:CIM) has announced significant leadership changes aimed at enhancing performance amid evolving market conditions. Phillip J. Kardis II has been appointed as the new Chief Executive Officer and Director, succeeding Mohit Marria, who has stepped down. Choudhary A. Yarlagadda and Dan Thakkar have been appointed as Co-Chief Investment Officers. The board believes this new structure will strengthen the company and improve results for its shareholders, leveraging the team's extensive experience in the industry.
Chimera Investment Corporation declared a $0.23 cash dividend per share of common stock for the fourth quarter of 2022. The dividend will be paid on January 31, 2023 to shareholders of record as of December 30, 2022. The ex-dividend date is set for December 29, 2022. This dividend reflects the company's commitment to returning value to its shareholders amidst ongoing market challenges.
Chimera Investment Corporation's Board has declared its fourth quarter 2022 cash dividends for various series of preferred stock. Key details include:
- Series A: $0.50 per share, payable December 30, 2022.
- Series B: $0.50 per share, payable December 30, 2022.
- Series C: $0.484375 per share, payable December 30, 2022.
- Series D: $0.50 per share, payable December 30, 2022.
All dividends are for shareholders of record as of December 16, 2022, with an ex-dividend date of December 15, 2022.
Chimera Investment Corporation (CIM) reported a GAAP net loss of $0.88 per diluted common share for Q3 2022. Earnings available for distribution stood at $0.27 per diluted common share. As of September 30, 2022, the GAAP book value per common share was $7.44. The company extended a $489 million non-mark-to-market facility by 29 months and committed to purchasing $687 million in residential loans. Following the quarter, they increased their cash position to approximately $350 million. Elevated market volatility has posed challenges but also created opportunities.
Chimera Investment Corporation (NYSE: CIM) announced plans to release its financial results for Q3 2022 on November 3, 2022, before 7:00 a.m. EDT. A conference call is scheduled for the same day at 8:30 a.m. EDT to discuss the results. Investors can participate via a toll-free number or stream the call online. Replay options will be available for two weeks. The company is involved in investing in a diversified portfolio of real estate assets, including mortgage loans and securities.
The Board of Directors of Chimera has declared a cash dividend of $0.23 per share for the third quarter of 2022. This dividend is payable on October 31, 2022, to shareholders of record as of September 30, 2022. The ex-dividend date is set for September 29, 2022. This announcement signals ongoing confidence in the company's ability to return value to its shareholders, despite potential market challenges.
Clearwater Analytics (NYSE: CWAN) announced its collaboration with Chimera Investment Corporation (NYSE: CIM), a New York-based REIT, to enhance investment data management and reporting. This partnership aims to provide the high-quality data transparency that REITs require, streamlining extensive internal processes hindered by outdated solutions. Clearwater's automated system will support Chimera's complex portfolio, which includes various mortgage-backed securities, through improved accounting and compliance with GAAP. The solution is expected to scale with Chimera's growth and evolving regulatory demands.
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.