MFA reports Q3 GAAP net loss of $64.7M; distributable earnings $0.40/sh

MFA FINANCIAL, INC.

2023-Q3 EPS reported -$0.34

GAAP net loss $64.7M ($0.64/sh); Distributable earnings $41.1M ($0.40/sh); declared $0.35 dividend.
Loan acquisitions $802.6M, including record $671M Lima originations; average coupon 9.9%.
Net interest spread rose to 2.17% (up 3bp QoQ); total economic return -6.2%.
Book value per share $13.48 GAAP, $13.84 economic; unrestricted cash $300.1M.
Completed two securitizations ($602M UPB) and one in Oct ($225M); 77% loan financing non-MTM.

item 2.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MFA FINANCIAL, INC. reported the third quarter ended September 30, 2023 results: net income GAAP net loss for the third quarter of $64.7 million, or $0.64 per basic and diluted common share, EPS $0.64 per basic and diluted common share.

Period: the third quarter ended September 30, 2023
Net income: GAAP net loss for the third quarter of $64.7 million, or $0.64 per basic and diluted common share
EPS: $0.64 per basic and diluted common share
Result: reported results

Exact text from the filing

MFA generated a GAAP net loss for the third quarter of $64.7 million, or $0.64 per basic and diluted common share.

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Source: SEC EDGAR

accession 0001104659-23-115035

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