Name | Value |
---|---|
Revenues | 66.6M |
Cost of Revenue | 8.4M |
Gross Profit | 58.2M |
Operating Expense | 96.2M |
Operating I/L | 177.0M |
Other Income/Expense | -4.1M |
Interest Income | 189.2M |
Pretax | 57.4M |
Income Tax Expense | 61.5M |
Net Income/Loss | 57.4M |
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.