Chimera reports Q1 adjusted EPS 41c vs. 37c last year

“This has been a strong quarter for Chimera (CIM). Earnings available for distribution improved by 11%, our book value increased by 7.4% and our economic return was 9.2%,” said Phillip Kardis II, President and CEO. “We also made several impactful moves on our balance sheet. We successfully accomplished a cash-out refinancing of all the company’s outstanding non-Remic securitizations, which provided approximately $187 million in funds for new investment. We also extended two large non-mark to market secured financing facilities until 2027.”