earnings
confidence high
sentiment positive
materiality 0.70
MFA Financial Q3 GAAP EPS $0.38, distributable EPS $0.37, economic book value $14.46
MFA FINANCIAL, INC.
2024-Q3 EPS reported
$0.83
- GAAP net income $40.0M ($0.38 basic, $0.37 diluted); distributable earnings $0.37/share.
- Economic book value $14.46 per share (+1% from Q2); total economic return 3.3%.
- Acquired/originated $565M of residential loans at avg 9.4% coupon; added $294M Agency MBS.
- 60+ day delinquencies rose to 6.7% from 6.5% in Q2; portfolio net duration 1.16.
- Leadership promotions: Bryan Wulfsohn named President & CIO; Lori Samuels named Chief Loan Operations Officer.