---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055838"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:41:26.930739+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MFA Financial Q1 2023 net income $64.6M, book value up 1.9% to $15.15

## Summary
- GAAP net income $64.6M ($0.63 basic EPS); Distributable Earnings $30.8M ($0.30/share).
- GAAP book value $15.15 per share (+1.9% QoQ); Economic book value $16.02 (+3.0%); Total economic return 5.3%.
- Three loan securitizations totaling $668M UPB; Loan acquisitions $455.9M, including $364.3M funded business-purpose loans.
- Lima One originated $379M business-purpose loans with avg coupon >10%; generated $9.0M fee income.
- Debt/Net Equity ratio 3.5x; recourse leverage 1.6x; unrestricted cash $362M.

## SEC filing metadata
- accession: 0001104659-23-055838
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465923055838/0001104659-23-055838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465923055838/tm2314469d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055838
- JSON: https://secwatch.observer/filing/0001104659-23-055838.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055838.txt

## Key facts
- Earnings Releases
  MFA FINANCIAL, INC. reported first quarter 2023 results: net income $64.6 million, EPS $0.63 per basic common share ($0.62 per diluted common share).
  - Period: first quarter 2023
  - Net income: $64.6 million
  - EPS: $0.63 per basic common share ($0.62 per diluted common share)
  - Result: reported results
  source text: MFA generated GAAP net income for the first quarter of $64.6 million, or $0.63 per basic common share ($0.62 per diluted common share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1055160/000110465923055838/0001104659-23-055838-index.htm

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