earnings
confidence high
sentiment neutral
materiality 0.70
MFA Financial Q2 GAAP EPS $0.22, distributable earnings $0.24; portfolio grows to $10.8B
MFA FINANCIAL, INC.
2025-Q2 EPS reported
$0.52
- GAAP net income $22.6M ($0.22 basic, $0.21 diluted); distributable earnings $24.7M ($0.24/sh).
- Paid quarterly dividend $0.36/sh on July 31; book value $13.12, economic book value $13.69.
- Acquired $876M residential loans/securities including $503M Non-QM, $131M Agency MBS; one securitization of $318M Non-QM.
- 60+ day delinquencies on residential loans declined to 7.3% from 7.5%; net interest spread 1.98%, margin 2.73%.
- CEO cites credit losses on business purpose loans weighing on distributable earnings; total economic return 1.5%.