Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 35

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 35
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 performance stock units excluded from the computation of weighted average GAAP diluted shares because their effect would have been anti-dilutive given the GAAP net loss available to common shareholders for the quarter ended September 30, 2025 and December 31, 2024.

Earnings available for distribution for the quarter ended September 30, 2025 were $30 million, or $0.37 per average diluted common share, and slightly decreased by $2 million, compared to $32 million, or $0.39 per average diluted common share for the quarter ended June 30, 2025. 

Net Income (Loss) and Return on Total Stockholders' Equity

The table below shows our Net income (loss) and Economic net interest income as a percentage of average stockholders' equity and Earnings available for distribution as a percentage of average common stockholders' equity. Return on average equity is defined as our GAAP net income (loss) as a percentage of average equity. Average equity is defined as the average of our beginning and ending stockholders' equity balance for the period reported. Economic net interest income and Earnings available for distribution are non-GAAP measures as defined in previous sections.

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 Return on Average EquityEconomic Net Interest Income/Average Equity Earnings available for distribution/Average Common Equity (Ratios have been annualized)For the Quarter Ended September 30, 2025(0.09)%10.56 %7.26 %For the Quarter Ended June 30, 20255.38 %10.49 %7.54 %For the Quarter Ended March 31, 202525.89 %11.19 %8.10 %For the Quarter Ended December 31, 2024(22.27)%10.52 %7.16 %For the Quarter Ended September 30, 202420.30 %10.64 %6.79 %

Return on average equity was (0.09)% for the quarter ended September 30, 2025, as compared to 5.38% for the quarter ended June 30, 2025. This decrease was primarily driven by lower mark to market gains on our investment portfolio. Economic net interest income as a percentage of average equity increased by 7 basis points for the quarter ended September 30, 2025 as compared to the quarter ended June 30, 2025. Earnings available for distribution as a percentage of