Quarterly ResultMay 7, 2026, 06:51 AM
Chimera Q1 EAD $0.54/share, Covers $0.45 Dividend Amid Volatility
AI Summary
Chimera Investment Corporation announced its Q1 2026 financial results, reporting Earnings Available for Distribution (EAD) of $0.54 per diluted common share, which fully covered its $0.45 per share dividend. Despite a GAAP net loss of $(65) million, the company highlighted strong EAD from both its Investment Portfolio and Residential Origination segments. Strategic portfolio optimization included redeeming $1.5 billion in securitizations and selling $1.2 billion of loans, redeploying $195 million into Agency RMBS.
Key Highlights
- Q1 2026 Earnings Available for Distribution (EAD) was $0.54 per diluted common share.
- Q1 2026 GAAP Net Loss was $(65) million, or $(0.78) per diluted common share.
- Declared a $0.45 per share dividend, covered 120% by EAD.
- GAAP Book Value per common share was $18.34, with an economic return of (4.6)%.
- Residential Origination segment volume increased 39% YoY to $884 million.
- Redeemed 8 securitizations ($1.5 billion collateral) and sold $1.2 billion of reperforming loans.
- Redeployed $195 million of capital into Agency RMBS.
- Net interest income for Q1 2026 was $75.0 million, up from $69.2 million in Q1 2025.