Market Capitalization (Millions $) |
1,254 |
Shares
Outstanding (Millions) |
234 |
Employees |
- |
Revenues (TTM) (Millions $) |
691 |
Net Income (TTM) (Millions $) |
-254 |
Cash Flow (TTM) (Millions $) |
-143 |
Capital Exp. (TTM) (Millions $) |
0 |
Chimera Investment Corp
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.
Company Address: 630 Fifth Ave, Ste 2400 New York 10111 NY
Company Phone Number: 895-6557 Stock Exchange / Ticker: NYSE CIM
CIM is expected to report next financial results on November 02, 2023. |
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