Rochester, NY 7/31/2009 4:56:40 PM
After Hours - Chimera Investment Corporation CIM, CIM reports Core EPS of $0.10 average share in Q2
Chimera Investment Corporation CIM
Last Wednesday Chimera Investment Corporation CIM announces Core Earnings $48.9 million or $0.10 per average share for the quarter ended June 30, 2009, compared to Core Earnings for the quarter ended June 30, 2008 of $6.9 million or $0.18 per average share and Core Earnings for the quarter ended March 31, 2009, of $15.4 million or $0.09 per average share.
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"Core Earnings" represents a non-GAAP measure that approximates distributable income, and is defined as GAAP net income (loss) excluding non-cash equity compensation expense, gains or losses on sales of securities and terminations of interest rate swaps and unrealized gains or losses on interest rate swaps.
About CIM
Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States. It invests in agency and non-agency RMBS; whole mortgage loans comprising prime, jumbo prime, and Alt-A mortgage loans; and ABS, including debt and equity tranches of CDOs, consumer and non-consumer ABS, and commercial mortgage backed securities.
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