MFA Financial Q4 2023 GAAP net income $81.5M, full-year total return 30.7%

MFA FINANCIAL, INC.

2023-FY EPS reported $0.46

Q4 GAAP net income $81.5M ($0.80 basic EPS); full-year net income $47.3M ($0.46) vs $(264.5M) loss in 2022.
Distributable earnings $0.49 per share in Q4; GAAP book value $13.98, economic book value $14.57 per share.
Acquired $860M of loans in Q4 at average coupon 10%; Lima One originated $594M max UPB at avg coupon 10.5%.
Completed two securitizations totaling $452M in Q4; issued $115M of 8.875% senior unsecured notes due 2029 in Jan 2024.
60+ day delinquencies on Purchased Performing loans increased to 3.8%; recourse leverage 1.7x.

item 2.02 item 7.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MFA FINANCIAL, INC. reported the fourth quarter and full year ended December 31, 2023 results: net income $81.5 million, or $0.80 per basic and $0.76 per diluted common share, EPS $0.80 per basic and $0.76 per diluted common share.

Period: the fourth quarter and full year ended December 31, 2023
Net income: $81.5 million, or $0.80 per basic and $0.76 per diluted common share
EPS: $0.80 per basic and $0.76 per diluted common share
Result: reported results

Exact text from the filing

MFA generated GAAP net income for the fourth quarter of $81.5 million, or $0.80 per basic and $0.76 per diluted common share.

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Source: SEC EDGAR

accession 0001104659-24-026348

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