MFA Financial Inc ( (MFA) ) has released its Q1 earnings. Here is a breakdown of the information MFA Financial Inc presented to its investors.
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MFA Financial, Inc. is a specialty finance company that invests in residential mortgage loans, mortgage-backed securities, and other real estate assets, operating primarily as a real estate investment trust (REIT). The company also originates and services business purpose loans through its subsidiary, Lima One Capital.
In the first quarter of 2025, MFA Financial reported a GAAP net income of $33 million, translating to $0.32 per basic share. The company also declared a higher cash dividend of $0.36 per share, reflecting confidence in its $10.7 billion investment portfolio. MFA’s economic book value stood at $13.84 per share, with a total economic return of 1.9% for the quarter.
Key financial highlights include the acquisition of $383 million in Non-QM loans and $213 million in new business purpose loans by Lima One. MFA also expanded its Agency MBS position to $1.6 billion and completed its 17th Non-QM securitization. The company maintained a stable delinquency rate of 7.5% in its residential loan portfolio and ended the quarter with $253.7 million in unrestricted cash.
Looking ahead, MFA Financial’s management remains optimistic about leveraging market opportunities despite recent volatility. The company’s strategic positioning and robust investment portfolio are expected to support continued growth and stability in 2025 and beyond.