Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 33

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 33
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 REIT taxable income is not based on Earnings available for distribution and Earnings available for distribution should not be considered as an indication of our REIT taxable income, a guaranty of our ability to pay dividends, or as a proxy for the amount of dividends we may pay. We believe Earnings available for distribution helps us and investors evaluate our financial performance period over period without the impact of certain non-recurring transactions. Therefore, Earnings available for distribution should not be viewed in isolation and is not a substitute for or superior to net income or net income per basic share computed in accordance with GAAP. In addition, our methodology for calculating Earnings available for distribution may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and accordingly, our Earnings available for distribution may not be comparable to the Earnings available for distribution reported by other REITs. 

The following table provides GAAP measures of net income and net income per diluted share available to common stockholders for the periods presented and details with respect to reconciling the line items to Earnings available for distribution and related per average diluted common share amounts. Earnings available for distribution is presented on an adjusted dilutive shares basis.

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 For the Quarters Ended September 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024 (dollars in thousands, except per share data)GAAP net income (loss) available to common stockholders$(21,997)$14,024 $145,940 $(168,275)$113,672 Adjustments (1): Net unrealized (gains) losses on financial instruments at fair value36,995 (6,971)(128,895)181,197 (104,012)Net realized (gains) losses on sales of investments(1,991)1,915 — 1,468 — (Gains) losses on extinguishment of debt— — (2,122)— — Increase (decrease) in provision for credit losses2,587 4,409 3,387 4,448 358 Net unrealized (gains) losses on derivatives7,907 2,554 6,469 (276)14,457 Realized (gains) losses on derivatives(2,015)17,954 (82)(641)4,