MFA Financial Q2 2023 GAAP net loss $34.1M, distributable earnings $0.40/share

MFA FINANCIAL, INC.

2023-Q2 EPS reported $0.29

GAAP net loss $34.1M ($0.34/diluted share); distributable earnings $40.4M ($0.40/share).
Net interest spread rose 40 bps to 2.14%; total economic return (3.4)% for Q2.
Acquired $1B in loans & securities: Lima One originated $584M (50% QoQ increase), Non-QM purchases $345M.
GAAP book value $14.42; economic book value $15.12 per share; unrestricted cash $329.4M.
60+ day delinquencies declined across credit assets; net positive carry of $26M from $3B swaps.

item 2.02 item 7.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MFA FINANCIAL, INC. reported the second quarter ended June 30, 2023 results: net income GAAP net loss for the second quarter of $34.1 million, or $0.34 per basic and diluted common share, EPS $0.34 per basic and diluted common share.

Period: the second quarter ended June 30, 2023
Net income: GAAP net loss for the second quarter of $34.1 million, or $0.34 per basic and diluted common share
EPS: $0.34 per basic and diluted common share
Result: reported results

Exact text from the filing

MFA Financial, Inc. Announces Second Quarter 2023 Financial Results NEW YORK - MFA Financial, Inc. (NYSE:MFA ) today provided its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 financial results update: ● MFA generated a GAAP net loss for the second quarter of $34.1 million, or $0.34 per basic and diluted common share.

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Source: SEC EDGAR

accession 0001104659-23-087076

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