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MFA Financial, Inc. (symbol: MFA) is a real estate investment trust (REIT) that specializes in the investment and financing of residential mortgage-backed securities (RMBS). The company operates with a diversified portfolio that includes both agency and non-agency RMBS. Through strategic leverage, MFA Financial aims to maximize returns for shareholders while maintaining a balanced risk profile.
MFA Financial has a principal objective of generating distributable income and enhancing asset performance by focusing on residential mortgage credit fundamentals. This involves meticulous credit analysis, careful projection of prepayment rates, and a deep understanding of interest rate sensitivities.
The company is noted for its selective investment approach, which ensures that each asset added to its portfolio aligns with its rigorous performance criteria. As an internally managed REIT, MFA Financial benefits from streamlined operations and better alignment of management and shareholder interests.
Recent Achievements:
- Continued strong performance in its asset portfolio, contributing to robust distributable income.
- Strategic partnerships and collaborations that enhance its investment capabilities and market reach.
- Innovative projects aimed at optimizing prepayment and interest rate sensitivity management.
MFA Financial remains a significant player in the residential mortgage investment space, consistently adapting to market conditions to deliver value. Investors looking for a stable, income-generating asset may find MFA Financial's strategy and performance particularly attractive.
MFA Financial reported Q3 2024 financial results with GAAP net income of $40.0 million, or $0.38 per basic share. The company generated distributable earnings of $38.6 million ($0.37 per share) and paid a $0.35 dividend. GAAP book value was $13.77 per share, while economic book value reached $14.46. During Q3, MFA purchased $565.2 million of residential mortgage loans with 9.4% average coupon and added $294 million of Agency MBS. The company completed two loan securitizations and maintained a net interest spread of 2.18%. Total economic return was 3.3% for the quarter, with unrestricted cash of $305.6 million.
MFA Financial, Inc. (NYSE: MFA) has announced plans to host a live audio webcast of its investor conference call on Wednesday, November 6, 2024, at 11:00 a.m. (Eastern Time). The call will discuss the company's third quarter 2024 financial results, which will be announced earlier that day. The webcast will be accessible to the public at http://www.mfafinancial.com via the 'Webcasts & Presentations' link.
Earnings presentation materials will be posted on the MFA website prior to the call, and an audio replay will be available afterward. MFA Financial is a specialty finance company investing in residential mortgage loans, residential mortgage-backed securities, and other real estate assets. Through its subsidiary, Lima One Capital, MFA also originates and services business purpose loans for real estate investors. The company has distributed over $4.7 billion in dividends to stockholders since its 1998 IPO.
MFA Financial, Inc. (NYSE: MFA), a leading specialty finance company, has announced a regular quarterly cash dividend of $0.35 per share of common stock. The dividend is set to be paid on October 31, 2024, to stockholders of record as of September 27, 2024. MFA invests in residential mortgage loans, residential mortgage-backed securities, and other real estate assets. The company also originates and services business purpose loans for real estate investors through its subsidiary, Lima One Capital.
Since its initial public offering in 1998, MFA has distributed over $4.8 billion in dividends to stockholders. As an internally-managed, publicly-traded real estate investment trust, MFA continues to demonstrate its commitment to shareholder value through consistent dividend payments.
MFA Financial, Inc. (NYSE: MFA) has announced key leadership changes effective September 3, 2024. Bryan Wulfsohn, the current Co-Chief Investment Officer, will assume the additional role of President, while Lori Samuels has been promoted to Chief Loan Operations Officer. Wulfsohn, a 14-year veteran of MFA, will take over the presidency from Craig L. Knutson, who remains CEO. Samuels, with MFA since 2010, will oversee asset management, underwriting, and loan-related operations.
Additionally, Gudmundur Kristjansson will step down from his roles as Senior Vice President and Co-Chief Investment Officer, leaving the company on November 22, 2024. Upon Kristjansson's departure, Wulfsohn will serve as the sole Chief Investment Officer.
MFA Financial, Inc. (NYSE: MFA) has announced third quarter dividends for its Series B and Series C Preferred Stock. The Board of Directors declared a dividend of $0.46875 per share for the 7.50% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share for the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both dividends are payable on September 30, 2024, to stockholders of record as of August 30, 2024.
MFA Financial is a specialty finance company investing in residential mortgage loans, residential mortgage-backed securities, and other real estate assets. The company has distributed over $4.7 billion in dividends since its 1998 IPO. MFA also originates and services business purpose loans for real estate investors through its subsidiary, Lima One Capital.
MFA Financial, Inc. (NYSE:MFA) announced its Q2 2024 financial results. The company reported GAAP net income of $33.7 million, or $0.32 per common share, and distributable earnings of $45.6 million, or $0.44 per share. MFA maintained a cash dividend of $0.35 per share. Key metrics included a GAAP book value of $13.80, economic book value of $14.34 per share, and a net interest margin of 3.01%. The company ended the quarter with $289.4 million in unrestricted cash.
MFA acquired $688 million in residential mortgage loans with a 9.6% average coupon and added $176 million in Agency MBS. The company also repaid $170 million in convertible notes and issued $75 million in senior unsecured notes due in 2029. Portfolio highlights include a residential whole loan balance of $9.2 billion, and a reduction in 60+ day delinquencies to 6.5%. MFA completed two securitizations totaling $557 million in Non-QM and Transitional loans.
MFA Financial, Inc. (NYSE: MFA) has announced plans to host a live audio webcast of its investor conference call on Thursday, August 8, 2024, at 10:00 a.m. (Eastern Time). The call will discuss the company's second quarter 2024 financial results, which will be announced earlier that day. The webcast will be accessible to the public at http://www.mfafinancial.com under the 'Webcasts & Presentations' link.
MFA Financial is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, and other real estate assets. Through its subsidiary, Lima One Capital, MFA also originates and services business purpose loans for real estate investors. The company has distributed over $4.7 billion in dividends to stockholders since its initial public offering in 1998.
MFA Financial has declared a quarterly cash dividend of $0.35 per share, payable on July 31, 2024, to stockholders on record by June 28, 2024. MFA Financial is a leading specialty finance company investing in residential mortgage loans, mortgage-backed securities, and other real estate assets. The company's subsidiary, Lima One Capital, handles business purpose loans for real estate investors. Since its IPO in 1998, MFA has distributed over $4.7 billion in dividends. MFA operates as an internally-managed, publicly-traded REIT.
MFA Financial announced dividends for its 7.50% Series B and 6.50% Series C Preferred Stocks.
Series B holders will receive a $0.46875 per share dividend, while Series C holders will get $0.40625 per share. Both dividends are for Q2 2024, payable on June 28, 2024, to shareholders on record as of June 5, 2024.
MFA Financial, a leading specialty finance company, invests in residential mortgage loans and securities. It also provides business-purpose loans through its subsidiary, Lima One Capital.
Since its IPO in 1998, MFA has distributed over $4.7 billion in dividends and operates as an internally managed REIT.
MFA Financial, Inc. announced its financial results for Q1 2024, with GAAP net income of $15.0 million and distributable earnings of $36.1 million. The company paid a cash dividend of $0.35 per share and reported economic book value at $14.32 per share. MFA closed the quarter with unrestricted cash of $306.3 million. The company continued to acquire mortgage loans and maintain a strong interest spread and margin. Despite impact from higher interest rates, MFA's disciplined risk management strategies led to positive results.
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