Chimera Investment Corporation — Third Quarter 2026 Earnings Summary

Chimera Investment Corporation reported a GAAP net loss of $194 million for the third quarter of 2026, driven by significant movements in interest rates and mortgage spreads that impacted book value. Despite the loss, the company generated $32 million in earnings available for distribution, or $0.38 per adjusted diluted common share, while maintaining a strong liquidity position. The Investment Portfolio segment repositioned toward higher coupon securities, with approximately 90% of specified pools now carrying coupons of 5% or higher. Meanwhile, the Residential Origination segment originated $1.1 billion in loans, a 27% increase from the prior year, though it reported a net loss of $2 million for the quarter.