MFA Q1 distributable earnings $0.35/share, GAAP net income $15M

MFA FINANCIAL, INC.

2024-Q1 EPS reported $0.14

GAAP net income of $15.0M ($0.14 per diluted share); distributable earnings $36.1M ($0.35 per share).
Declared $0.35 per share dividend; total economic return 0.7% for the quarter.
GAAP book value $13.80; economic book value $14.32, down 1.3% and 1.7% respectively QoQ.
Loan acquisitions totaled $652M, including $465M in business purpose loans via Lima One (avg coupon ~10%).
Repurchased $40M of convertible notes; issued $115M of 8.875% senior notes in Jan and $75M of 9.00% notes post-quarter.

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 first quarter ended March 31, 2024 results: net income $15.0 million, EPS $0.14 per basic and diluted common share.

Period: the first quarter ended March 31, 2024
Net income: $15.0 million
EPS: $0.14 per basic and diluted common share
Result: reported results

Exact text from the filing

MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2024: · MFA generated GAAP net income for the first quarter of $15.0 million, or $0.14 per basic and diluted common share.

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MFA FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-057251

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