---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-055306"
form_type: "8-K"
ticker: "MFA"
cik: "0001055160"
company_name: "MFA FINANCIAL, INC."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:14:22.469381+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MFA Q1 GAAP loss $0.11/share; distributable earnings $0.30; portfolio grows to $12.5B

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-055306
- form_type: 8-K
- ticker: MFA
- cik: 0001055160
- company_name: MFA FINANCIAL, INC.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1055160/000110465926055306/0001104659-26-055306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1055160/000110465926055306/tm2613487d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-055306
- JSON: https://secwatch.observer/filing/0001104659-26-055306.json
- Plain text: https://secwatch.observer/filing/0001104659-26-055306.txt

## Source-grounded claims
- claim_id: 63b9e0217be8a0fa9273b493c8e0fcef57b7ab34
  claim: MFA FINANCIAL, INC. reported the first quarter ended March 31, 2026 results: net income GAAP net loss to common stockholders and participating securities for the first quarter of $(11.4) million, or $(0.11) p.
  evidence_excerpt: MFA generated a GAAP net loss to common stockholders and participating securities for the first quarter of $(11.4) million, or $(0.11) per basic and diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1055160/000110465926055306/0001104659-26-055306-index.htm

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