MFA Financial, Inc. Announces Financial Results for Q4 2024

MFA Financial, Inc. (NYSE: MFA) recently released its financial results for the fourth quarter of 2024. The company reported a GAAP net loss of $2.4 million, translating to a loss of $0.02 per common share. In terms of distributable earnings, MFA Financial recorded $40.8 million, which equates to $0.39 per common share.

The financial metrics displayed a mixed performance across different segments. Interest income in the Mortgage-Related Assets segment amounted to $106.2 million, while within the Lima One segment, mortgage banking income stood at $8.4 million. The Corporate division completed the picture with interest income of $3.0 million.

The segment reporting revealed notable figures with $20.4 million in net income and a loss of $26.7 million for the Lima One and Corporate segments, respectively. The total economic return for the quarter was documented at -1.2%.

Moreover, MFA Financial highlighted its strategic positioning and activities within various sectors. The quarter saw the acquisition of $470 million in Non-QM residential mortgage loans and $1.2 billion in total investments during the year, reinforcing the company’s asset base.

Despite the challenges faced in the economic landscape, MFA Financial remains confident in its investment strategies and portfolio diversification. The company continues to navigate the market terrain while focusing on sustainable growth and solid financial performance.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MFA Financial’s 8K filing here.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.