| Trade Talks, Fed Hawks, Market Balks |
US equity markets posted modest declines this past week after the Federal Reserve held rates steady and maintained its status quo "wait-and-see" approach, but acknowledged heightened inflation and labor market risks. Meanwhile, White House officials headed to Switzerland to begin high-level trade talks with China, which follows the announcement of the first major post-Liberation Day trade deal with the United Kingdom. Following its best two-week stretch since late 2022, the S&P 500 slipped 0.4% this week - extending its drawdown to around 8% from its mid-February record highs. |
seekingalpha.com |
2025-05-11 13:00:00 |
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| Chimera Investment Corporation (CIM) Q1 2025 Earnings Call Transcript |
Chimera Investment Corporation (NYSE:CIM ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets & Investor Relations Phil Kardis - President & Chief Executive Officer Subra Viswanathan - Chief Financial Officer Jack Macdowell - Chief Investment Officer Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Eric Hagen - BTIG Operator Good day, ladies and gentlemen and welcome to Chimera Investment Corporation First Quarter 2025 Earnings Call. All lines have been placed on a listen-only mode and the floor will be opened for questions and comments following the presentation. |
seekingalpha.com |
2025-05-08 17:49:03 |
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| CHIMERA INVESTMENT CORPORATION REPORTS 1ST QUARTER 2025 EARNINGS |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2025. Financial Highlights(1): 1ST QUARTER GAAP NET INCOME OF $1.77 PER DILUTED COMMON SHARE 1ST QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.41 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $21.17 PER COMMON SHARE AND ECONOMIC RETURN(3) OF 9.20% AT MARCH 31, 2025 “This has been a strong quarter for Chimera. Earnings available for distribution im. |
businesswire.com |
2025-05-08 10:45:00 |
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| Chimera Declares Second Quarter 2025 Preferred Stock Dividends |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable June 30, 2025 to preferred shareholders of record on June 2, 2025. The ex-dividend date is June 2, 2025. The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.6469 per share of 8.00% Series B Fixed-to-Floating Rate Cumulati. |
businesswire.com |
2025-05-07 20:15:00 |
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| US$100 Million Transformative, Project Financing Announced by SolarBank and CIM Group to Fund 97 MW of Renewable Energy Assets in the United States |
Financing to accelerate SolarBank's growth as an owner of solar power projects in the U.S. TORONTO , May 6, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that CIM Group ("CIM"), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the United States (the "Transaction"). The Transaction will be structured as a preferred equity investment into a newly formed entity ("New HoldCo") that will be a joint venture between CIM and Abundant Solar Power Inc. ("ASP"), a wholly-owned subsidiary of SolarBank. |
prnewswire.com |
2025-05-06 11:30:00 |
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| Chimera Investment Corporation Announces Date of First Quarter 2025 Financial Results and Conference Call |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 8, 2025 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (888) 437-3179 International (862) 298-0702 Webcast https://www.chimerareit.com/news-events/ir-calen. |
businesswire.com |
2025-04-23 20:15:00 |
Czytaj oryginał (ang.) |
| Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks) |
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable. |
seekingalpha.com |
2025-04-21 23:31:58 |
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| CIMN: Performed As Expected, Still A Buy |
CIMN, a senior unsecured note from Chimera, experienced a -4% drawdown, outperforming the company's preferred equity and other mREIT bonds during recent market turmoil. Its performance aligned with expectations based on BB high-yield spreads, demonstrating its resilience and predictable behavior in volatile markets. Despite being rated BBB by Egan-Jones, CIMN trades as high-yield debt, with a 9% coupon reflecting market perception. |
seekingalpha.com |
2025-04-21 03:30:47 |
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| Chimera Preferreds: Preferred Stocks Are A Buy Again |
I advised investing in preferred stocks and baby bonds in mid-2022, predicting the Fed's rate hikes and subsequent cuts, resulting in significant returns. Preferred stocks have dropped recently due to inflation fears and panic selling, creating opportunities to buy high-yielding securities at discounted prices. I'm adding to my holdings in preferred stocks like CIM-PC and CIM-PD, anticipating future gains as valuations return to par. |
seekingalpha.com |
2025-04-14 12:48:15 |
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| Strength Seen in Chimera (CIM): Can Its 9.7% Jump Turn into More Strength? |
Chimera (CIM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2025-04-10 14:15:39 |
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| Floating Preferreds Have Monstrous Yields Due To Timing Phenomenon |
Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10% due to the timing phenomenon and changes in interest rates. Key factors for analysis include company stability, size of preferred issue relative to common equity, discount/premium to par value, and adjustment above SOFR. Risks include rapid yield curve fluctuations and potential Fed rate cuts, which could lower SOFR and subsequently reduce yields on floating rate preferreds. |
seekingalpha.com |
2025-04-07 19:49:56 |
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| The 10.5% Yield Of The Preferred Stock Of Chimera Is Attractive In This Painful Market |
Chimera's preferred stock offers a 10.5% yield, outperforming the S&P 500 with a 43% total return over two years, despite economic headwinds. The stock's floating yield provides some inflation protection, but economic risks like potential recession and rising interest rates pose challenges. Chimera's preferred dividend has a wide margin of safety, supported by a 56% payout ratio and a strong loan-to-value ratio of 43%. |
seekingalpha.com |
2025-04-03 04:12:45 |
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| Down -7.74% in 4 Weeks, Here's Why You Should You Buy the Dip in Chimera (CIM) |
The heavy selling pressure might have exhausted for Chimera (CIM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. |
zacks.com |
2025-04-02 14:35:33 |
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| Let's Talk Mortgage REITs (But Not For Too Long) |
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty! |
seekingalpha.com |
2025-03-26 20:38:40 |
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| Chimera Investment Corporation Sponsors Residential Mortgage Loan Securitizations |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced that on March 25, 2025 it had sponsored two securitizations of residential mortgage loans with an aggregate principal balance of $646 million. The mortgage loans for both securitizations were sourced from the redemption of prior Chimera-sponsored securitizations, including CIM 2021-NR1, CIM 2021-NR2, CIM 2021-NR3, CIM 2021-NR4, CIM 2022-NR1, CIM 2023-NR1, and CIM 2023-NR2. Net proceeds received from the transactions. |
businesswire.com |
2025-03-25 18:30:00 |
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| Chimera Declares First Quarter 2025 Common Stock Dividend |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its first quarter cash dividend of $0.37 per common share. The dividend is payable on April 30, 2025 to common stockholders of record on March 31, 2025. The ex-dividend date is March 31, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated thir. |
businesswire.com |
2025-03-20 18:15:00 |
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| 15% Yields Want To Mug Your Dividends |
Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector. |
seekingalpha.com |
2025-03-19 18:05:00 |
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| Chimera Investment Q4: Mixed Results, Worst Is Over |
Chimera Investment Corporation had mixed results for Q4, showing a net income loss, however covering the dividend. The market price is higher than book value, reflecting negative investor sentiment created by a history of dividend cuts. Acquisition of the Palisades Group provides future catalysts for income and stabilization of the portfolio. |
seekingalpha.com |
2025-03-07 11:24:05 |
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| 9% Yields From Baby Bonds |
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds. |
seekingalpha.com |
2025-03-06 17:00:18 |
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| Winners Of REIT Earnings Season |
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024. |
seekingalpha.com |
2025-03-06 11:00:00 |
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| CIM Group Closes $15.6 Million Loan to Ad Astra Capital for Hilton Garden Inn in Casper, WY |
LOS ANGELES--(BUSINESS WIRE)--CIM Group closes $15.6 M loan to Ad Astra Capital for acquisition of Hilton Garden Inn Casper, in Casper, Wyoming. |
businesswire.com |
2025-02-19 11:28:00 |
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| Chimera Investment Corporation (CIM) Q4 2024 Earnings Call Transcript |
Chimera Investment Corporation (CIM) Q4 2024 Earnings Call Transcript |
seekingalpha.com |
2025-02-12 13:15:39 |
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| CORRECTING AND REPLACING CHIMERA INVESTMENT CORPORATION REPORTS 4TH QUARTER 2024 EARNINGS |
NEW YORK--(BUSINESS WIRE)--In the first bullet of the "Financial Highlights(1)" section, the figure should read, "$2.07" (instead of "$2.04"). In the "GAAP measures of net income and net income per diluted share available to common stockholders" table, the line that reads, "GAAP net income (loss) per diluted common share" under "December 31, 2024" the number should read, "$2.07" (instead of "2.04"). The multimedia file has been updated. The updated release reads: CHIMERA INVESTMENT CORPORATION. |
businesswire.com |
2025-02-12 11:08:00 |
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| Chimera Investment (CIM) Q4 Earnings Beat Estimates |
Chimera Investment (CIM) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago. |
zacks.com |
2025-02-12 11:06:09 |
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| CHIMERA INVESTMENT CORPORATION REPORTS 4TH QUARTER 2024 EARNINGS |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the fourth quarter and full year ended December 31, 2024. Financial Highlights(1): 4TH QUARTER GAAP NET LOSS OF $2.04 PER DILUTED COMMON SHARE 4TH QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.37 PER DILUTED COMMON SHARE FULL YEAR GAAP NET INCOME OF $90 MILLION, OR $1.10 PER DILUTED COMMON SHARE FULL YEAR EARNINGS AVAILABLE FOR DISTRIBUTION(1) OF $121 MILLION, OR $1.48 PER DILUT. |
businesswire.com |
2025-02-12 08:45:00 |
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| Chimera Declares First Quarter 2025 Preferred Stock Dividends |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its first quarter cash dividend of $0.50 per share of 8.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable March 31, 2025 to preferred shareholders of record on March 3, 2025. The ex-dividend date is March 3, 2025. The Board of Directors of Chimera also announced the declaration of its first quarter cash dividend of $0.6488 per share of 8.00% Series B Fixed-to-Floating Rate Cumulat. |
businesswire.com |
2025-02-11 18:30:00 |
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| Chimera Investment Corporation Sponsors Residential Mortgage Loan Securitization |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced that on January 31, 2025 it had sponsored CIM 2025-I1, a $287.7 million securitization of residential mortgage investor loans. The loans had a weighted average coupon of 7.9%, with weighted average FICO scores of 748, and LTV ratio of 64%. Securities issued by CIM 2025-I1, with an aggregate balance of approximately $275.7 million, were sold in a private placement to institutional investors. These senior securities r. |
businesswire.com |
2025-02-03 08:30:00 |
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| Chimera Investment Corporation Announces Date of Fourth Quarter and Full Year 2024 Financial Results and Conference Call |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, February 12, 2025 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 12, 2025 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast https://www.chim. |
businesswire.com |
2025-01-30 18:15:00 |
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| Past Time To Take Gains On These Big Yielders |
Past Time To Take Gains On These Big Yielders |
seekingalpha.com |
2025-01-23 20:48:10 |
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| High Yield REITs Whacked By Higher Rates |
High Yield REITs Whacked By Higher Rates |
seekingalpha.com |
2025-01-15 19:53:18 |
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| BTQ Technologies Acquires Cutting-Edge Computing-in-Memory Intellectual Property from Cimtech Technology Co. |
Strategic Acquisition: BTQ Technologies Corp. has acquired advanced computing-in-memory (CIM) intellectual property from Cimtech Technology Co., a leader in memory technology and CIM solutions, to enhance its post-quantum cryptography and quantum-secure communication capabilities. Cutting-Edge Technology: Cimtech's state-of-the-art CIM IP, developed using TSMC's 28nm HPC process, includes critical assets like Verilog models and timing libraries, enabling high-speed, low-power computation ideal for next-generation cryptographic accelerators. |
prnewswire.com |
2025-01-15 09:30:00 |
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| Chimera Declares Fourth Quarter 2024 Common Stock Dividend |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on January 31, 2025 to common stockholders of record on December 31, 2024. The ex-dividend date is December 31, 2024. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing directly or indirectly,. |
businesswire.com |
2024-12-19 19:00:00 |
Czytaj oryginał (ang.) |
| Huge Yields, Brief Notes |
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes. |
seekingalpha.com |
2024-12-13 00:42:33 |
Czytaj oryginał (ang.) |
| A Preferred Share Worth Scrutinizing From Chimera |
CIM-A's 8% coupon rate and 8.6% strip yield are overshadowed by limited upside and better alternatives, making it an unattractive investment above $23.20. The potential upside for CIM-A is capped at around 7.7%, with low likelihood of being called unless interest rates drop significantly with the economy remaining very strong. Baby bonds from Chimera Investment Corporation offer superior benefits, including mandatory interest payments, higher capital stack priority, and over 9% yield to maturity. |
seekingalpha.com |
2024-12-07 09:10:56 |
Czytaj oryginał (ang.) |
| Preferred Stock Of Chimera Is Reasonably Valued, Despite Its Outsized Return |
I recommended Chimera Investment Corporation's preferred stock for its 10% dividend yield and wide margin of safety, resulting in a 46% total return since April 2023. With inflation cooling and interest rates decreasing, Chimera's preferred stock remains attractive, offering a floating yield of 10.1%. Chimera's preferred dividend is safer than its common dividend, supported by historical resilience even during severe economic downturns. |
seekingalpha.com |
2024-12-03 17:46:14 |
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| Chimera Investment Corporation Completes Acquisition of Palisades Group |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) announced today that it has completed the previously announced acquisition of Palisades Group (“Palisades”), a U.S.-based alternative asset manager founded in 2012 that specializes in residential real estate credit. Upon closing, which occurred on December 2, 2024, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, became Chimera's Chief Investment Officer. Pursuant to the terms of the agre. |
businesswire.com |
2024-12-03 08:30:00 |
Czytaj oryginał (ang.) |
| Select High Yield Preferreds Remain Opportunistically Priced |
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Despite overall price rises, select REIT preferreds remain deeply discounted, offering high yields and substantial capital appreciation potential. Mispricing due to accrued dividends and variable rate conversions presents lucrative opportunities in preferreds. |
seekingalpha.com |
2024-11-26 20:03:10 |
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| A Decisive Realignment |
U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500. |
seekingalpha.com |
2024-11-10 11:00:00 |
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| Chimera Investment: Turnaround In Progress |
The third quarter showed positive financial metrics, but earnings did not cover the dividend, reflecting ongoing challenges. Chimera's recent acquisition of an alternative asset manager and leadership changes signal a potential turnaround, but integration risks remain. With a favorable macro environment and the potential for future dividend increases, the Company has potential. |
seekingalpha.com |
2024-11-08 06:58:15 |
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| Chimera Appoints New Independent Board Member Cynthia B. Walsh |
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Cynthia B. Walsh has been elected to the Company's Board of Directors as a Class III Director, effective December 1, 2024. Ms. Walsh has over 37 years of experience across multiple roles in the financial industry. Since 2011, She has served as President of Walsh Advisors, a registered investment advisory firm that focuses on capital allocation, equity and fixed income markets,. |
businesswire.com |
2024-11-06 18:15:00 |
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