earnings
confidence high
sentiment negative
materiality 0.70
MFA Q1 GAAP loss $0.11/share; distributable earnings $0.30; portfolio grows to $12.5B
MFA FINANCIAL, INC.
2026-Q1 EPS reported
-$0.11
- GAAP net loss to common of $11.4M ($0.11 loss per share); distributable earnings (non-GAAP) $31.1M ($0.30/share).
- Economic book value fell to $13.22 per share from $13.75; total economic return was -1.2% for Q1.
- Investment portfolio grew to $12.5B; acquired $393M Agency MBS and $471M Non-QM loans; Lima One mortgage banking income $7.7M.
- 60+ day delinquencies rose to 7.8% from 7.1% sequentially; improved to 7.3% after quarter-end.
- Completed two Non-QM securitizations ($757M UPB); added $685M interest rate hedges; recourse leverage 2.7x.