Earnings Increase and Book Value Growth
Earnings available for distribution improved by 11%, book value increased by 7.4%, and economic return was 9.2% for the first quarter of 2025.
Palisades Acquisition Success
The integration of Palisades into Chimera was seamless, with third-party loans under management increasing by 43% year-over-year, adding $1.5 billion during the first quarter to nearly $24 billion.
Strategic Financial Moves
Chimera exercised call rights on all non-Remic securitizations and issued 2 new securitizations, unlocking $187 million with a reinvestment hurdle below 6%.
Growth in Third-Party Loans Under Management
Third-party loans under management grew significantly, with the company managing nearly $37 billion in assets.