MFA Financial

MFA Financial, Inc. is a real estate investment trust. engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, Non-Agency mortgage backed securities and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MFA Financial reports resilient Q4 performance amidst market uncertainties

MFA Financial demonstrated resilience in managing funding costs and improving portfolio credit performance.
Executed proactive measures to navigate market challenges and emphasized high-quality credit investments.
Opportunities exist in optimizing asset acquisitions, managing NPL resolutions, and enhancing portfolio performance.
Despite challenges, MFA remains focused on growth and strategic financial management.

MFA Financial Overcomes Market Challenges, Sees Growth Opportunities Ahead

MFA Financial navigated through challenging market conditions in Q1 2023 to achieve positive economic returns and portfolio growth. Despite market headwinds, the company's securitization activities and credit performance remained robust, setting the stage for continued success and expansion.

MFA Financial excels in Q2 amidst interest rate challenges

MFA Financial's Q2 2023 performance showcased strength in net interest rate spread, distributable earnings, and portfolio credit quality. Despite challenges from the interest rate environment, the company navigated well and identified opportunities for growth and adaptation in the market.

MFA Financial overcomes market challenges, reports strong Q3 earnings

MFA Financial navigated a challenging quarter marked by market volatility but reported strong core earnings that exceeded expectations. The company's focus on credit performance and asset management remains key to its success.

MFA Financial reports robust Q4 performance amidst market volatility

MFA Financial's Q4 earnings call highlighted a successful quarter with strong financial performance, strategic acquisitions, and effective credit management.
The company faces challenges in addressing market volatility, analyst concerns, and optimizing certain product offerings, requiring careful navigation in the competitive landscape.
Despite challenges, MFA Financial has opportunities to leverage its strengths, drive portfolio growth, and enhance investor relations to sustain its positive momentum.

MFA Financial reports solid Q1 earnings, eyes growth opportunities

MFA Financial's Q1 2024 performance reflects stability and growth in distributable earnings and market presence.
While facing challenges in credit normalization and expense management, the company maintains a strong financial position.
Opportunities lie in portfolio expansion, securitization returns, and strategic capital allocation for future growth.

MFA Financial reports solid Q3 results, focuses on growth strategies

MFA Financial's Q3 performance showed steady growth in earnings and book value, supported by strategic acquisitions and securitization activities. While facing challenges in origination volume at Lima One, the company is actively addressing opportunities to enhance borrower outreach and optimize its portfolio.

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OUTFRONT Media

Petroleo Brasileiro

Sixth Street Specialty Lending

CVR Partners

WhiteHorse Finance

24/7 Wall Street Insights: Inflation is continuing to advance in real costs to consumers.

Want $13,000 in Passive Income? Invest $10,000 in These 11 Dividend Stocks

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA reports on key findings from its latest analysis of the NAIC's SHCE data, focusing on performance within the Individual and Small Group segments.

Individual and Small Group Health Insurance Segment Profitability as Reported by Mark Farrah Associates

Chimera Investment

AG Mortgage Investment Trust

We take a look at the action in preferreds and baby bonds through the first week of June and highlight some of the key themes we are watching. Most preferred sectors rallied alongside Treasuries, with sector yields just under 7% on a yield-to-worst basis. Mortgage REIT Chimera issued a new bond, now trading at an 8.7% yield-to-worst. We discuss it in the context of its preferreds.

Preferreds Weekly Review: Lots Of Moving Parts In CIM

MFA Financial operates as a real estate investment trust in the US, investing in residential mortgage assets.  The company has a strong financial position, with ample cash and stockholder's equity. MFA Financial recently issued a second Note that does not mature until 2029, making it ideal for long-term fixed income investors willing to accept some risks. In this article, I briefly review the issuer and both Notes, MFAN and MFAO.  I give both a Hold rating as the spread against a 5-year CD is only 300bps.

MFA Financial Issues Second Note Due In 2029

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA provides an overview of the 2023 Medicare Supplement market with insights about competitive positioning and standardized plan type preferences.

Mark Farrah Associates Analyzed the 2023 Medicare Supplement Market

MFA Financial offers a high dividend yield of 13% and trades at a historically large discount to book value. The company has made changes to its strategy, including acquiring Lima One and focusing on loan origination. While there are concerns about interest spreads and missing out on buybacks, MFA is making progress and isn't bad to hold it if you've got it.

MFA Financial: High Yield But Risk Of Cut Looms

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE: MFA) (the “Company”) announced today that its Board of Directors has declared the payment of dividends on the Company's outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”). In accordance with the terms of the Series B Preferred Stock, the Board of Directors has declared a preferred sto.

MFA Financial, Inc. Announces Second Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock

MFA Financial, Inc. (NYSE:MFA ) Q1 2024 Earnings Conference Call May 6, 2024 11:00 AM ET Company Participants Hal Schwartz - Senior Vice President, General Counsel & Secretary Craig Knutson - Chief Executive Officer & President Mike Roper - Chief Financial Officer Gudmundur Kristjansson - Co-Chief Investment Officer Bryan Wulfsohn - Co-Chief Investment Officer Conference Call Participants Stephen Laws - Raymond James Bose George - KBW Steve Delaney - Citizens JMP Doug Harter - UBS Brian Violino - Wedbush Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the MFA Financial Q1, 2024 Earnings Call. At this time, all participants are in a listen-only mode.

MFA Financial, Inc. (MFA) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2024: MFA generated GAAP net income for the first quarter of $15.0 million, or $0.14 per basic and diluted common share. Distributable earnings, a non-GAAP financial measure, were $36.1 million, or $0.35 per common share. MFA paid a regular cash dividend of $0.35 per common share on April 30, 2024. GAAP book value at March 31, 2024 was $13.80 per common share. Eco.

MFA Financial, Inc. Announces First Quarter 2024 Financial Results

Ready Capital Corp

We take a look at the action in preferreds and baby bonds through the fourth week of April and highlight some of the key themes we are watching. Most preferreds sectors were up on the week, but the overall market is down for the month. MFA's 9% bond started trading and rallied out of the gate.

Preferreds Weekly Review: Second MFA Bond Starts Trading

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA presented the latest year-over-year enrollment trends, comparing 4th quarter 2023 and 4th quarter 2022 segment membership.

Mark Farrah Assessed Year-End Health Insurance Segment Membership Trends

PALO ALTO, Calif.--(BUSINESS WIRE)--Veza, the identity security company, today unveiled its inaugural State of Access report, a detailed analysis that assesses the current state of access permissions across hundreds of organizations. This first-of-its-kind report establishes benchmarks for IT, security, and identity professionals to better understand their own identity security posture and areas to consider for reducing the risk of breaches. Modern technologies like software as a service (SaaS).

Industry-First Report from Veza Showcases the Challenge of Managing Access Permissions for Identity and Security Teams

MCMURRAY, Pa.--(BUSINESS WIRE)--More than half people eligible for Medicare selected a Medicare Advantage plan and another third selected a Part D - prescription drug plan in 2024.

50%+ of Medicare Eligibles Selected a Medicare Advantage Plan in 2024 per Mark Farrah Associates' Report

We take a look at the action in preferreds and baby bonds through the third week of April and highlight some of the key themes we are watching. All preferreds sectors are lower through the month, with utilities and energy sectors performing relatively better. The yield of mortgage REIT preferred CIM.PR.B recently changed due to a new coupon, making it challenging to evaluate the preferred until the first floating-rate coupon is paid.

Preferreds Weekly Review: A Step Change In Yields Can Be Hard To Track

Gladstone Capital

Baby bonds are an amalgamation of the reliability of debt and the accessibility of equity. Thanks to the hawkish Federal Reserve, our bond ladder build-out has become easier. We discuss two investment-grade baby bonds with up to 9% yields.

2 Winning Bonds For 2024, Yields Up To 9%

MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates simplifies analysis of the latest benefit comparisons for Medicare Advantage and Part D plans.

Mark Farrah Associates Presents Medicare Plan Benefits in Medicare Benefits Analyzer™

ARMOUR Residential REIT

Cherry Hill Mortgage

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Granite Point Mortgage Trust

Main Street Capital

Annaly Capital

New York Mortgage Trust

Rithm Capital Corp

Two Harbors Investment

Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

10% Yields Or Higher

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA provides county-level market share and demographics data essential for the analysis of health insurance market position and competition.

Mark Farrah Associates Presents Health Insurance Market Share at the County Level

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE:MFA) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $11.25 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on April 17, 2024, subject to the satisfaction of customary closi.

MFA Financial, Inc. Announces Pricing of Public Offering of Senior Notes

Ares Commercial Real Estate

AGNC Investment

Ares Capital

Blackstone Mortgage Trust

Capital Southwest

Orchid Island Capital

PennyMac Mortgage Investment

We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE: MFA) plans to host a live audio webcast of its investor conference call on Monday, May 6, 2024, at 11:00 a.m. (Eastern Time) to discuss its first quarter 2024 financial results, which are scheduled to be announced earlier that day. The live audio webcast will be accessible to the general public over the internet at http://www.mfafinancial.com by clicking on the “Webcasts & Presentations” link on MFA's home page. Earnings presentation mat.

MFA Financial, Inc. Plans Live Audio Webcast of First Quarter 2024 Earnings Conference Call

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA aggregates industry metrics from statutory financial statements filed on a quarterly and annual basis with state insurance regulators.

Mark Farrah Associates Simplifies Health Insurance Data Analytics with the Health Coverage Portal

MCMURRAY, Penn.--(BUSINESS WIRE)--Mark Farrah Associates Simplifies Analysis of the Medicare Advantage and Prescription Drug Plan Senior Markets.

Mark Farrah Associates Simplifies Analysis of the Medicare Advantage and Prescription Drug Plan Senior Markets

MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates reviewed enrollment mix and financial metrics for leading health insurers in the commercial, Medicare and Medicaid markets.

Mark Farrah Associates Reviewed Enrollment Mix and Financial Metrics for Leading Health Plans

We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

News for MFA Financial Stock (MFA)