Name | Value |
---|---|
Revenues | 177.4M |
Cost of Revenue | 7.5M |
Gross Profit | 169.9M |
Operating Expense | 13.3M |
Operating I/L | 179.8M |
Other Income/Expense | 0.0M |
Interest Income | 186.7M |
Pretax | 56.7M |
Income Tax Expense | 0.0M |
Net Income/Loss | 56.7M |
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.