2023-05-04 07:08:03 ET
- Chimera Investment press release ( NYSE: CIM ): Q1 Non-GAAP EPS of $0.13 misses by $0.03 .
- Revenue of $69.63M (-49.4% Y/Y) misses by $14.18M .
- GAAP BOOK VALUE OF $7.41 PER COMMON SHARE
- Business Highlights:First Quarter
- Settled $547 million of seasoned re-performing residential mortgage loans.
- Sponsored $586 million CIM 2023-R1 Securitization, $134 million CIM 2023-NR1 securitization and $447 million CIM 2023-R2 securitization.
- Committed to purchase approximately $487 million of non-qualifying investor owned residential mortgage loans and $162 million seasoned re-performing residential mortgage loans.
- Purchased and closed on $52 million of business purpose loans.
- Reduced our recourse financing exposure by $237 million and replaced it with non-recourse financing.
For further details see:
Chimera Investment Non-GAAP EPS of $0.13 misses by $0.03, revenue of $69.63M misses by $14.18M