MFA Financial reports Q4 distributable EPS 27c, consensus 27c

Reports Q4 economic book value per share $13.75. Total economic return was 3.1% for the fourth quarter. “We continued to execute on our strategic initiatives during the fourth quarter,” said Craig Knutson, MFA‘s CEO. “We acquired $1.2 billion of Agency MBS and $443 million of Non-QM loans, and Lima One originated $226 million of new business purpose loans. We deployed approximately $100 million of excess cash on our balance sheet into our target asset classes. In addition, we continued to reduce operating expenses, resolve non-performing loans, grow the Lima One sales force and repurchase our common stock at accretive levels. These efforts resulted in a total economic return of 3.1% for the quarter and 9.0% for the year.”