earnings
confidence high
sentiment negative
materiality 0.80
MFA Financial reports Q4 GAAP net loss $2.3M; full-year net income $86.4M
MFA FINANCIAL, INC.
2024-FY EPS reported
$0.82
- Q4 GAAP net loss to common $2.3M ($0.02 loss per share); distributable earnings $40.8M ($0.39/share).
- Full-year 2024 GAAP net income $86.4M ($0.83/share), up from $47.3M in 2023; dividend $0.35/share paid Jan 31.
- GAAP book value $13.39, economic book value $13.93; total economic return -1.2% in Q4, 5.2% in 2024.
- 60+ day delinquencies rose to 7.5% from 6.7% QoQ; loan acquisitions totaled $1.2B in Q4 including $470M Non-QM.
- Completed three securitizations in Q4 with over $1.0B UPB; Debt/Net Equity ratio 5.0x, recourse leverage 1.7x.