Name | Value |
---|---|
Revenues | 191.8M |
Cost of Revenue | 8.1M |
Gross Profit | 183.7M |
Operating Expense | 21.8M |
Operating I/L | 161.9M |
Other Income/Expense | -2.9M |
Interest Income | 191.2M |
Pretax | 30.5M |
Income Tax Expense | 0.0M |
Net Income/Loss | 30.5M |
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, provided it distributes at least 90% of its taxable income to shareholders in the form of dividends. Chimera Investment Corporation operates primarily in the United States and was incorporated in 2007.