Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 190

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 190
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, 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 to the timing of the Agency RMBS Pass-through investments which occurred during the middle of the quarter.

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Net Income (Loss) and Return on Total Stockholders' Equity

The table below shows our Net Income and Economic net interest income as a percentage of average stockholders' equity and Earnings available for distribution as a percentage of average common stockholders' equity. Return on average equity is defined as our GAAP net income (loss) as a percentage of average equity. Average equity is defined as the average of our beginning and ending stockholders' equity balance for the period reported. Economic net interest income and Earnings available for distribution are non-GAAP measures as defined in previous sections.

 Return on Average EquityEconomic Net Interest Income/Average Equity Earnings available for distribution/Average Common Equity (Ratios have been annualized)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,