---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-015002"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T10:19:31.728393+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MFA Financial reports Q4 GAAP net loss $2.3M; full-year net income $86.4M

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-015002
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465925015002/0001104659-25-015002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465925015002/tm256786d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-015002
- JSON: https://secwatch.observer/filing/0001104659-25-015002.json
- Plain text: https://secwatch.observer/filing/0001104659-25-015002.txt

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