earnings
confidence high
sentiment neutral
materiality 0.60
MFA Financial reports Q4 2022 GAAP loss of $1.5M; distributable earnings $49.4M
MFA FINANCIAL, INC.
2022-FY EPS reported
-$2.57
- GAAP net loss of $1.5M ($0.02 per share); Distributable Earnings $49.4M ($0.48 per share).
- GAAP book value $14.87 per share; Economic book value $15.55 per share.
- Residential whole loan portfolio $7.5B; loan delinquencies improved (3.1% 60+ days on performing loans).
- Financing cost 3.7% unchanged despite 125bp Fed rate hike in Q4; unrestricted cash $334M.
- Lima One subsidiary record 2022 originations $2.3B (+42% YoY); Q4 loan acquisitions $480.6M.