Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 206

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 206
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ized)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 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