Chimera Investment (CIM) Investor presentation summary

Business overview and strategy

• Operates as a hybrid mortgage REIT with a diversified investment approach across residential loans, mortgage securities, and servicing rights, leveraging technology and data management for efficiency and risk management.

• Focuses on residential origination, third-party asset management, and bespoke solutions for institutional investors, with a national footprint and specialty in non-QM and investor business purpose loans.

• Generates revenue from investment income, advisory services, capital-light fees, and gain on sale from capital market loan sales, supported by a permanent capital portfolio and high-touch credit risk management.

Portfolio and credit performance

• Residential loan portfolio totals $10.0B, with 90% in re-performing loans exhibiting stable cash flows and low convexity; weighted average interest rate is 5.88% and average borrower credit score is 666.

• Delinquency rates for re-performing loans remain stable at 8.8%, with lower rates for prime jumbo and investor loans; business purpose loans show higher delinquency at 39%.

• Prepayment rates for re-performing loans remained flat in Q4 2025, while DSCR and prime jumbo loans saw increased prepayment activity.

Third-party asset management

• Third-party asset management business grew loans under management by 20% year-over-year, reaching $26.6B by Q4 2025.

• Transaction volume by unpaid balance was $5.2B in Q4 2025, with expertise spanning re-performing, non-performing, non-QM, and international residential loans.