Chimera Investment Corporation CIMN
Chimera is a diversified real estate company that invests in, originates, and manages primarily residential real estate assets. The assets we may invest in for ourselves and manage for others through our wholly-owned subsidiary Palisades Advisory Services, LLC, include residential mortgage loans, Non-Agency RMBS, Agency RMBS, RTLs, Investor Loans, MSRs and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages. Also, through our wholly-owned subsidiary, HomeXpress Mortgage Corp., we primarily originate non-QM residential mortgage loans (both consumer loans and Investor Loans) as well as a smaller amount of QM residential mortgage loans. Chimera was incorporated in Maryland on June 1, 2007 and started trading on the NYSE in November 2007, and is structured as an internally managed real estate investment trust, or REIT, for U.S. federal income tax purposes.
Snapshot
Reported FFO / Earnings Available for Distribution / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $820.77M | $230.50M | $7.18M | $794.87M | $-248.88M |
| 2024 | $257.93M | $176.06M | $321.00K | $672.71M | $205.67M |
| 2023 | $204.77M | $126.10M | $0.00 | $635.75M | $213.27M |
| 2022 | $-415.21M | $-513.07M | $61.49M | $-118.54M | $325.72M |
| 2021 | $1.06B | $670.11M | $70.58M | $1.07B | $519.18M |
| 2020 | $226.40M | $88.85M | $102.56M | $102.56M | $257.90M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-31 | 2026-08-01 | 2026-08-17 | — | $0.56 | Quarterly |
| 2026-05-01 | 2026-05-01 | 2026-05-15 | — | $0.56 | Quarterly |
| 2026-01-30 | 2026-02-01 | 2026-02-17 | — | $0.56 | Quarterly |
| 2025-10-31 | 2025-11-01 | 2025-11-17 | — | $0.56 | Quarterly |
| 2025-08-01 | 2025-08-01 | 2025-08-15 | — | $0.56 | Quarterly |
| 2025-05-01 | 2025-05-01 | 2025-05-15 | — | $0.56 | Quarterly |
| 2025-01-31 | 2025-02-01 | 2025-02-18 | — | $0.56 | Quarterly |
| 2024-11-01 | 2024-11-01 | 2024-11-15 | — | $0.56 | Quarterly |
| 2024-08-01 | 2024-08-01 | 2024-08-15 | — | $0.52 | Quarterly |
Coverage (payout of operating cash flow): -75.89%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.