Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 30

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 30
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32,111 $33,526 $30,448 $29,866 $30,308 GAAP net income (loss) per diluted common share$0.17 $1.77 $(2.07)$1.39 $0.41 Earnings available for distribution per adjusted diluted common share$0.39 $0.41 $0.37 $0.36 $0.37 

 (1) As a result of the Palisades Acquisition, we updated the determination of earnings available for distribution to exclude non-recurring acquisition-related transaction expenses, non-cash amortization of intangibles and depreciation expenses, and non-cash imputed compensation expenses. These expenses are excluded as they relate to the Palisades Acquisition and are not directly related to generation of our portfolio’s investment income.

 (2) Non-cash amortization of intangibles and depreciation expenses related to the Palisades Acquisition

The table below summarizes the reconciliation from weighted-average diluted shares under GAAP to the weighted-average adjusted diluted shares used for Earnings available for distribution for the periods reported below.

For the Quarters EndedJune 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024Weighted average diluted shares - GAAP82,600,108 82,394,218 81,266,223 81,855,872 82,281,890 Potentially dilutive shares (1)— — 1,263,734 — — Adjusted weighted average diluted shares - Earnings available for distribution82,600,108 82,394,218 82,529,957 81,855,872 82,281,890 

(1) Potentially dilutive shares related to restricted stock units and 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 December 31, 2024.

Earnings available for distribution for the quarter ended June 30, 2025 were $32 million, or $0.39 per average diluted common share, and decreased by $2 million, compared to $34 million, or $0.41 per average diluted common share for the quarter ended March 31, 2025. This decrease in Earnings available for distribution was primarily due