- CEO
- Phillip John Kardis
- Full Time Employees
- 423
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 630 Fifth Avenue New York City NY United States of America 10111
- IPO Date
- Jan 16, 2019
- Business
- Chimera Investment Corporation Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust (REIT) headquartered in New York City and founded in 2007 that invests on a leveraged basis in a diversified portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), mortgage servicing rights (MSRs), business purpose loans including residential transition loans (RTLs), investor loans, junior liens, home equity lines of credit (HELOCs), equity appreciation rights, reverse mortgages, and other real estate-related securities; through its mortgage lending, investment management, and advisory services platforms, the company originates, manages, securitizes, and invests in these assets targeting investment-grade, non-investment-grade, and non-rated securities with a focus on residential and commercial mortgage credit across the United States. The company operates as a credit-focused hybrid mortgage REIT with portfolio allocations including approximately 73% securitized loans, 21% agency RMBS, 6% non-agency RMBS, and minor exposure to agency CMBS as of September 30, 2025, employing securitization and leverage with GAAP leverage at 4.8:1 to generate risk-adjusted returns and distributable income for shareholders. In recent developments, Chimera completed the acquisition of HomeXpress Mortgage Corp. on October 1, 2025, for approximately $240 million in cash plus 2,077,151 shares of common stock, integrating HomeXpress as a subsidiary to originate consumer non-qualified mortgage (non-QM), investor business purpose, non-agency, and agency mortgage loan products nationwide across 46 states and D.C., following its earlier 2024 acquisition of The Palisades Group; these moves enhance its fully integrated mortgage platform, diversify earnings, and support portfolio growth into 2026 amid Q3 2025 earnings available for distribution of $0.37 per diluted common share.