other material
confidence high
sentiment negative
materiality 0.70
MFA Financial prelim Q3 GAAP book value $15.25-$15.40 per share, down from $16.42
MFA FINANCIAL, INC.
- GAAP book value per share estimated $15.25-$15.40 (June 30: $16.42); Economic book value $15.75-$15.90 (June 30: $17.25).
- Unrestricted cash ~$435M; unencumbered mortgage loans/securities >$550M.
- ~99% of asset-based financing effectively fixed-rate (up from ~38% a year ago); 71% non-mark-to-market.
- Added $650M new financing for Rehabilitation Loans; $1.4B unused capacity across all loan types.
- Q3 dividend unchanged at $0.44/share, payable Oct 31 to holders of record Sep 30.