Welcome to our dedicated page for Chimera Investment news (Ticker: CIM), a resource for investors and traders seeking the latest updates and insights on Chimera Investment stock.
Chimera Investment Corporation (CIM) is a dynamic real estate investment trust (REIT) focusing on a broad range of mortgage assets. By leveraging its investments, Chimera strategically enhances its portfolio, which consists of government-sponsored agency residential mortgage-backed securities (RMBS), non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and various other real estate-related securities.
Renowned for its robust and diversified investment strategy, the company's primary focus is on agency mortgage-backed securities, which form the cornerstone of its portfolio. Complementing this are significant investments in subprime residential mortgage loans and non-agency RMBS, diversifying the risk and enhancing potential returns.
Chimera's adept management and strategic partnerships have been instrumental in navigating the fluctuating real estate market. The company’s commitment to maximizing shareholder value through meticulous portfolio management and its ongoing projects highlight its proficiency in the real estate investment sector. Investors can rely on Chimera for consistent performance updates, reflecting the latest developments and financial health of the company.
With a transparent and direct approach to communication, Chimera ensures that stakeholders are well-informed about recent achievements, financial conditions, and future projects. This dedication to clarity and precision makes it a significant player in the market, attracting investors seeking reliable and detailed information about their investments.
Chimera Investment Corporation (CIM) reported a GAAP net income of $313 million or $1.30 per diluted share for Q3 2021, with earnings available for distribution of $102 million, translating to $0.42 per share. The total economic return stood at 10.5%, driven by a disciplined investment strategy, evidenced by nearly $850 million in new loans added to the portfolio during the quarter. The book value per share increased to $12.32. The company's strategy focuses on investing in a diverse portfolio of mortgage assets, utilizing a leveraged approach.
Chimera Investment Corporation (NYSE: CIM) plans to release its third quarter financial results for the period ended September 30, 2021 on November 3, 2021, prior to 7:00 a.m. EDT. A conference call will follow at 8:30 a.m. EDT to discuss the results. Interested parties can participate via toll-free numbers or through an audio webcast available on the company’s website. A replay of the call will be accessible for one week post-event.
The Board of Directors of Chimera Investment Corporation has declared a third-quarter cash dividend of $0.33 per common share, payable on October 28, 2021. Shareholders on record as of September 30, 2021 will benefit from this dividend, with the ex-dividend date set for September 29, 2021. This announcement underscores Chinera's commitment to returning value to its shareholders amidst ongoing market fluctuations.
Chimera Investment Corporation (NYSE:CIM) announced the sponsorship of two securitizations totaling $885 million since the end of Q2. The CIM 2021-R5 on
The Board of Directors of Chimera announced the declaration of its third quarter cash dividends for 2021. The dividends are as follows: $0.50 per share for Series A, Series B, and Series D, and $0.484375 per share for Series C. All dividends are payable on September 30, 2021, with record dates of September 17, 2021, and an ex-dividend date of September 16, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders through consistent dividend payments.
Chimera Investment Corporation (NYSE:CIM) reported a GAAP net income of $145 million ($0.60 per share) for Q2 2021, alongside core earnings of $130 million ($0.54 per share). The company successfully refinanced 12 securitizations worth over $5.6 billion, reducing its cost of debt by approximately 245 basis points. Total assets as of June 30, 2021, were $15.86 billion, down from $17.52 billion at the end of 2020. Liabilities decreased to $12.23 billion from $13.74 billion.
Chimera Investment Corporation (NYSE:CIM) announced the appointment of Subramaniam Viswanathan as Chief Financial Officer effective July 31, 2021. Previously, Viswanathan held significant roles at Bank of America Merrill Lynch and Citigroup, specializing in mortgages and securitization. The company's CEO, Mohit Marria, expressed confidence that Viswanathan's extensive experience will greatly benefit the organization. Chimera Investment Corporation focuses on investing in a diversified portfolio of real estate assets, including mortgage loans and various types of securities.
Chimera Investment Corporation (CIM) announced plans to release its financial results for Q1 ended June 30, 2021, on August 4, 2021, prior to 7:00 a.m. EDT. An audio webcast and conference call to discuss these results will occur the same day at 8:30 a.m. EDT. Investors can call in via U.S. Toll Free at (866) 342-8591 or International at (203) 518-9713. The conference ID is CIMQ221. A replay will be available for one week post the call.
On June 25, 2021, Chimera Investment Corporation (NYSE:CIM) announced the CIM 2021-R4 securitization, totaling $545.7 million in seasoned reperforming residential mortgage loans. Of this, approximately $463.8 million was sold to institutional investors, with Chimera retaining $81.9 million in subordinate interests. The average cost of debt for this securitization is significantly lower at 1.97%, compared to 3.79% for prior securitizations. Additionally, Chimera sponsored a $320.3 million prime jumbo securitization rated by Moody's and Fitch.
Chimera Investment Corporation (NYSE:CIM) announced the appointment of Kevin G. Chavers to its Board of Directors. Chavers, who brings over 34 years of experience in the real estate finance and mortgage industry, will chair the Compensation Committee and serve on the Risk Committee. His previous roles include Managing Director at BlackRock and Morgan Stanley, as well as President of Ginnie Mae. The company's Chairman, Gerry Creagh, expressed confidence that Chavers' expertise will greatly benefit Chimera.
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