Chimera Investment Corporation 9.000% Senior Notes due 2029 (CIMN)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I treat Chimera Investment Corporation 9.000% Senior Notes due 2029 as debt, not as an equity. The quoted price was $24.93 at the 2026-10-16 close, inside a 52-week range of $24.37 to $25.76, but that tells me little without yield and credit terms. The filed record shows a rising annual earnings stream: in fiscal 2025 (the year ended 2025-12-31), net income was $230.5M and diluted EPS was $1.72; in fiscal 2024 (the year ended 2024-12-31), net income was $176.1M and diluted EPS was $1.10; and in fiscal 2023 (the year ended 2023-12-31), net income was $126.1M and diluted EPS was $0.68. That trend is respectable, and the computed Lynch category is TURNAROUND because the company returned to profit after a loss within the last three years. But annual momentum is not the same as credit quality. In fiscal Q1 2026 (the quarter ended 2026-03-31), net income was -$43.9M and diluted EPS was -$0.78; in fiscal Q2 2026 (the quarter ended 2026-06-30), net income was $17.4M but diluted EPS was -$0.05. In fiscal Q3 2025 (the quarter ended 2025-09-30), net income was -$0.58M, and in fiscal Q4 2025 (the quarter ended 2025-12-31), net income was $28.3M. Revenue is n/a in the figures provided, so I cannot judge margins, cash flow, interest coverage, or leverage. For a senior note due 2029, timely payment and solvency matter more than a moat or growth story. The annual earnings record is a strength, but the quarterly swings and missing credit data are material gaps. On the provided facts, I cannot establish whether $24.93 is cheap or expensive for this note.

In plain English: These are debt securities issued by Chimera Investment Corporation, a real estate company. The issuer earned positive annual net income in fiscal 2023 through fiscal 2025, but recent quarters have swung between losses and gains. At the 2026-10-16 close of $24.93, the price sits inside its 52-week range, and there is not enough information in the provided figures to call it cheap or expensive.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer