secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-021933
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Q1 2024 GAAP EPS $0.45, book value $7.11, economic return 7%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024021933/0001628280-24-021933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024021933/cim-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021933

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