Chimera Lifts Dividend as Hybrid REIT Overhaul Shows Earnings Momentum

Overview

• The board declared a Q1 2026 dividend of $0.45 per share, a 22% increase quarter over quarter, and indicated it expects to maintain that level through 2026.
• Chimera reported Q4 2025 earnings available for distribution of $45 million ($0.53 per share) and GAAP net income of $7 million.
• The company ended 2025 with a rebalanced mix of 61% loans, 16% agency securities, 10% non‑agency securities, 11% lending activities, and 1% MSRs as it executed a pivot toward a hybrid REIT model.
• Management redeployed more than $600 million, including roughly $485 million from asset sales and collapsing select securitizations and about $120 million of unsecured debt.
• Fee-based growth advanced with third‑party AUM rising to $26 billion and advisory added to three securitizations, while HomeXpress funded a record $1.04 billion in Q4 with $11 million in EBITDA and expanded warehouse capacity to $1.35 billion.