Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 36

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 36
---
 average common equity decreased by 28 basis points for the quarter ended September 30, 2025, as compared to the quarter ended June 30, 2025.

Financial Condition

Portfolio Review

During the nine months ended September 30, 2025, we focused our efforts on taking advantage of relative value opportunities while simultaneously increasing our liquid securities allocation. During the nine months ended September 30, 2025, on an aggregate basis, we purchased $3.8 billion of investments and received $1.3 billion in principal payments related to our Agency MBS, Non-Agency RMBS and Loans held for investment portfolio.

The following table summarizes certain characteristics of our portfolio at September 30, 2025 and December 31, 2024. 

September 30, 2025December 31, 2024(dollars in thousands)Interest earning assets at period-end (1)$14,111,113 $12,780,065 Interest bearing liabilities at period-end$12,218,502 $10,014,759 GAAP Leverage at period-end4.8:14.0:1GAAP Leverage at period-end (recourse)2.0:11.2:1

(1) Excludes cash and cash equivalents.

September 30, 2025December 31, 2024September 30, 2025December 31, 2024Portfolio CompositionAmortized CostFair ValueNon-Agency RMBS5.9 %7.9 %6.2 %8.3 %Senior2.9 %3.7 %3.7 %4.8 %Subordinated1.9 %3.0 %1.9 %2.9 %Interest-only1.1 %1.2 %0.6 %0.6 %Agency RMBS20.3 %3.7 %20.4 %3.7 %Pass-through17.7 %— %17.8 %— %CMO2.5 %3.6 %2.5 %3.6 %Interest-only0.1 %0.1 %0.1 %0.1 %Agency CMBS0.3 %0.4 %0.3 %0.4 %Project loans0.3 %0.3 %0