Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 185

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 185
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 2025, respectively. 

Compensation, General and Administrative Expenses and Transaction Expenses

The table below shows our total compensation and benefits expense, general and administrative, or G&A expenses, and transaction expenses as compared to average total assets and average equity for the periods presented.

 Total Compensation, G&A and Transaction ExpensesTotal Compensation, G&A and Transaction Expenses/Average AssetsTotal Compensation, G&A and Transaction Expenses/Average Equity (Ratios have been annualized, dollars in thousands)For the Quarter Ended June 30, 2025$18,865 0.54 %2.86 %For the Quarter Ended March 31, 2025$25,680 0.78 %3.97 %For the Quarter Ended December 31, 2024$28,240 0.84 %4.29 %For the Quarter Ended September 30, 2024$15,130 0.45 %2.25 %For the Quarter Ended June 30, 2024$13,287 0.41 %2.01 %

Compensation and benefits costs decreased slightly and were $12 million and $13 million for the quarters ended June 30, 2025 and March 31, 2025, respectively. Compensation and benefits costs were approximately $25 million and $16 million for the six months ended June 30, 2025 and June 30, 2024. The decrease in Compensation and benefits costs for the quarter ended June 30, 2025 compared to the quarter ended March 31, 2025, was primarily due to the first quarter expense including fully accelerated long-term stock incentive awards for the retirement eligible employees. The increase in Compensation and benefits costs for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was driven by higher overall compensation expense related to the increase in employee headcount and Palisades Acquisition. 

The general and administrative expenses remained unchanged at $7 million for the quarters ended June 30, 2025 and March 31, 2025, respectively. G&A expenses were approximately $14 million and $12 million for the six months ended June 30, 2025 and June 30, 2024. G&A expenses are primarily comprised of legal, market data and research, auditing, consulting, information technology, rent and independent investment consulting expenses.

60

During the quarter ended June 30