Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 119

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 119
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59

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 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 %For the Quarter Ended March 31, 2024$15,000 0.47 %2.31 %

The Compensation and benefits costs were approximately $13 million, $18 million and $9 million for the quarters ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. The decrease in Compensation and benefits costs for the quarter ended March 31, 2025 compared to the quarter ended December 31, 2024, was primarily driven by the effects of the imputed compensation charge relating to the Palisades Acquisition during the quarter ended December 31, 2024. The increase in Compensation and benefits costs for the quarter ended March 31, 2025 compared to the quarter ended March 31, 2024, was driven by higher overall compensation expense related to the Palisades Acquisition. 

The general and administrative expenses were approximately $7 million, $6 million, and $6 million for the quarters ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively, and remained relatively unchanged. The G&A expenses are primarily comprised of legal, market data and research, auditing, consulting, information technology, rent and independent investment consulting expenses.

During the quarters ended March 31, 2025 and March 31, 2024, we incurred transaction expenses of $6 million and $67 thousand, respectively, in relation to se