CHIMERA INVESTMENT CORP (CIM) Form 8-K — Nov 5, 2026
Chimera Investment Corporation reported a Q3 2026 GAAP net loss of $194 million, or $(2.31) per diluted share, versus a $(0.27) loss a year ago, driven by $391 million of net unrealized losses on financial instruments amid rate volatility and widening credit spreads. Book value per share fell 16.5% to $14.82 from $17.75 in Q2 2026, producing an economic return of (13.98)% for the quarter. On a non-GAAP basis, earnings available for distribution were $0.38 per share, which fell short of the $0.45 common dividend, implying just 84% dividend coverage — the third consecutive quarter below 1.0x.
Key figures
- Ebtda
- 439000
- Ead Per Share
- 0.38
- Total Assets
- 16709206000
- Cash Position
- 357179000
- Total Leverage
- 6.5x
- Economic Return
- -13.98%
- Dividend Per Share
- 0.45
- Recourse Leverage
- 4.1x
- Book Value Per Share
- 14.82
- Net Interest Income
- 71183000
- Prism Securitization
- 291000000
- Loan Purchases Committed
- 797000000
- Prior Book Value Per Share
- 17.75
- Total Stockholders Equity
- 2170321000
- Residential Origination Volume
- 1100000000
- Residential Origination Net Loss
- -2000000
- Residential Origination Volume Yoy
- +27%
- Earnings Available For Distribution
- 32302000
- Dividend Coverage
- 84%
- Unencumbered Assets
- $203 million
- Agency Average Coupon
- 5.67%
AI analysis
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