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CIM-PA| Name | Value |
|---|---|
| Revenues | 196.9M |
| Cost of Revenue | 0.0M |
| Gross Profit | 196.9M |
| Operating Expense | 196.9M |
| Operating I/L | 0.0M |
| Other Income/Expense | 169.1M |
| Interest Income | 190.6M |
| Pretax | 169.1M |
| Income Tax Expense | 1.8M |
| Net Income/Loss | 167.3M |
Chimera Investment Corporation is a real estate investment trust (REIT) that invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, and other real estate related securities. The company generates revenue by investing in investment, non-investment grade, and non-rated classes. It has elected to be taxed as a REIT, allowing it to avoid corporate income tax, and distributes at least 90% of its taxable income to shareholders. Chimera's primary source of income is derived from the interest and principal payments on its mortgage-related investments.
