Chimera reports Q3 GAAP EPS (7c), consensus 18c

Reports Q3 GAAP book value per common share of $6.90. “Credit performance and income generation of our assets have continued to meet or exceed our initial investment expectations. We believe the recent action taken on our debt refinancing and the rightsizing of our common stock dividend will significantly benefit our shareholders over the long term.” said Phil Kardis, CEO. “We expect that once interest rates moderate and ultimately begin to decline, the portfolio will benefit both in terms of reduced financing costs and improved economic portfolio performance.”