Name | Value |
---|---|
Revenues | 191.5M |
Cost of Revenue | 4.9M |
Gross Profit | 186.6M |
Operating Expense | 211.1M |
Operating I/L | -24.5M |
Other Income/Expense | -122.0M |
Interest Income | 0.0M |
Pretax | -146.5M |
Income Tax Expense | -0.0M |
Net Income/Loss | -146.5M |
Chimera Investment Corporation is a real estate investment trust (REIT) that invests in a diverse portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, and commercial mortgage loans. The company generates revenue through its investments in investment, non-investment grade, and non-rated classes. By electing to be taxed as a REIT, Chimera benefits from tax advantages while focusing on income-generating real estate investments. With a strategic focus on mortgage-related assets, the company aims to capitalize on opportunities in the real estate market to drive returns for its investors.