earnings
confidence high
sentiment positive
materiality 0.75
MFA Q2 net income $58.5M ($0.13/sh); dividend up 33% to $0.10; loan purchases exceed run-off
MFA FINANCIAL, INC.
2021-Q2 EPS reported
$0.30
- Net income of $58.5M ($0.13 per share); net interest income rose 16% sequentially to $59.0M.
- GAAP book value $4.65/sh; Economic book value $5.12/sh; quarterly dividend increased 33% to $0.10/sh.
- Loan acquisitions totaled $857M, exceeding portfolio run-off for first time since COVID onset; portfolio grew $299M.
- Two securitizations closed: $394M Non-QM (blended cost 1.37%) and $473M re-performing loans (cost 1.30%).
- Repurchased 5.7M shares at avg $4.19; closed Lima One Capital acquisition on July 1, 2021.