earnings
confidence high
sentiment positive
materiality 0.75
Chimera Q1 2024 GAAP EPS $0.45, book value $7.11, economic return 7%
CHIMERA INVESTMENT CORP
2024-Q1 EPS reported
$0.45
- GAAP net income available to common of $111M ($0.45 diluted), vs $39M ($0.17) in Q1 2023.
- Non-GAAP earnings available for distribution (EAD) of $0.12 per share, flat YoY.
- GAAP book value per share $7.11, generating a 7% economic return including dividends.
- Acquired ~$50M in subordinated mortgage securitization tranches; settled $78M in residential transition loans.
- GAAP leverage reduced to 3.7:1 from 4.0:1 at year-end 2023.