Chimera Investment posts Q1 net loss as book value falls

Chimera Investment

07/05/2026 11:56

Overview

U.S. mortgage REIT reported Q1 GAAP net loss and negative EPS, book value declined

Earnings available for distribution remained positive, supporting $0.45 dividend in volatile markets

Residential origination volume rose 39% yr/yr, demonstrating platform scale and capacity

Outlook

Company says it is well-positioned as it moves through the year

Result Drivers

PORTFOLIO OPTIMIZATION - Co said portfolio optimization, including loan sales and redeployment into Agency RMBS, accounted for nearly two-thirds of the change in book value

ORIGINATION VOLUME GROWTH - Residential origination volume rose 39% yr/yr, demonstrating platform scale and capacity

DIVERSIFIED EARNINGS - Earnings available for distribution generated from both Investment Portfolio and Residential Origination segments

Company press release: ID:nBw6rXC3Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.78
Q1 Net Interest Income
$75 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Chimera Investment Corp is $15.00, about 10.1% above its May 6 closing price of $13.63

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)