Chimera Investment Corporation  (CIM)
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Chimera Investment Corporation

Business Description

Chimera Investment Corp, founded in 2007, is a publicly-traded real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), collateralized mortgage obligations (CMOs), and other asset-backed securities. The company operates primarily in the United States.

The company*s business model involves purchasing and managing a diversified portfolio of mortgage-backed securities and other investments backed by consumer and commercial loans. Chimera*s portfolio consists of investments that generate passive income from interest and principal payments.

Additionally, the company acquires, manages, and services residential mortgage loans, commercial mortgage loans, and real estate-related securities. This makes Chimera Investment Corp one of the largest non-bank mortgage real estate investment trusts in the US.

Chimera Investment Corp is managed by Annaly Capital Management, Inc., a mortgage real estate investment trust, that has a long and successful history in the business. Annaly Capital Management provides Chimera with operational expertise, capital allocation, and efficient access to funding.

The company*s investment focus is on reducing credit risk by diversifying its portfolio across multiple asset classes, such as fixed and adjustable-rate RMBS, mortgage servicing rights (MSR), and commercial mortgage loan-backed securities. Chimera Investment Corp also invests in higher-yielding investments that have a greater risk such as subprime mortgage-backed securities.

As of December 31, 2020, Chimera Investment Corp*s total assets were approximately $20.2 billion, with its residential mortgage portfolio comprising approximately 78% of its assets, commercial mortgage-backed securities comprising 19%, and other investments comprising 2%.

Chimera Investment Corp has been successful in generating stable and attractive returns for its shareholders over the long term. The company*s management team is committed to executing on their investment strategy, maintaining a stable dividend, and providing superior returns to their investors.

In summary, Chimera Investment Corp is a leading non-bank mortgage REIT that invests in residential mortgage-backed securities and other asset-backed securities. Managed by Annaly Capital Management, the company has a diversified portfolio of investments that generate passive income from interest and principal payments. The company has proven its ability to generate stable and attractive returns for shareholders while maintaining a solid dividend payout.

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