Overview

* Chimera Q2 GAAP net income $0.17/share, earnings available $0.39/share

* Company announces acquisition of HomeXpress Mortgage Corporation

* Chimera's economic return for Q2 was 0.5%

Outlook

* Company did not provide specific revenue or EPS guidance for future quarters

* Chimera focuses on diversification and resilience in mortgage REIT strategy

* HomeXpress Mortgage acquisition to strengthen position in mortgage origination

Result Drivers

* PORTFOLIO DIVERSIFICATION - Addition of Agency RMBS and MSRs enhanced Chimera's portfolio diversification

* ECONOMIC RETURN - Chimera reports economic return of 0.5% for Q2, reflecting portfolio performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $66.01

Interest mln

Income

Q2 $35.86

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy."

* Wall Street's median 12-month price target for Chimera Investment Corp ( CIM/PA ) is $15.50, about 12.5% above its August 5 closing price of $13.57

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)