Chimera Q3 GAAP EPS $1.39, book value $22.35, economic return 6.82%

CHIMERA INVESTMENT CORP

2024-Q3 EPS reported $3.16

GAAP net income of $1.39 per diluted common share, up from $0.41 in Q2; earnings available for distribution of $0.36 per share.
GAAP book value $22.35 per common share; economic return 6.82% for Q3 and 15.56% year-to-date.
Post-quarter-end, entered definitive agreement to acquire alternative asset manager The Palisades Group to broaden residential credit reach.
During Q3, sponsored a mortgage securitization, issued unsecured debt (long-term debt $134M vs $0 at Dec 31), and purchased ~$600M securities.
Increased common dividend for two consecutive quarters; committed to purchase >$100M of residential transition loans.

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