---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026348"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:14:20.352868+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-026348
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465924026348/0001104659-24-026348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465924026348/tm246802d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026348
- JSON: https://secwatch.observer/filing/0001104659-24-026348.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026348.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1055160/000110465924026348/0001104659-24-026348-index.htm

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