---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-055592"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:21:21.153933+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MFA Financial Q1 2022 GAAP loss of $0.86/share; Distributable Earnings $0.62

## Summary
- GAAP net loss of $91.1M ($(0.86)/share); Distributable Earnings (non-GAAP) of $66.0M ($0.62/share).
- GAAP book value fell 6.7% to $17.84; Economic book value declined 8.6% to $18.81 per share.
- Unrealized losses of $288.4M on fair-value loans partly offset by $158.2M gains on derivatives and securitized debt.
- Loan acquisitions of $1.2B drove net portfolio growth of ~$330M; completed $569.9M Non-QM securitizations.
- Repurchased 3.2M shares at avg $17.15 in Q1; another 2.8M repurchased through Apr 29 at avg $14.48.

## SEC filing metadata
- accession: 0001104659-22-055592
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465922055592/0001104659-22-055592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465922055592/tm2214408d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-055592
- JSON: https://secwatch.observer/filing/0001104659-22-055592.json
- Plain text: https://secwatch.observer/filing/0001104659-22-055592.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.