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CIM-PB| Name | Value |
|---|---|
| Revenues | 76.6M |
| Cost of Revenue | -52.8M |
| Gross Profit | 129.4M |
| Operating Expense | 11.9M |
| Operating I/L | 149.0M |
| Other Income/Expense | -52.1M |
| Interest Income | 187.3M |
| Pretax | 96.9M |
| Income Tax Expense | -0.3M |
| Net Income/Loss | 97.2M |
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 assets, providing investors with a steady stream of income.
