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MFA Financial (MFA)
NYSE:MFA
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 0.19%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with notable achievements like asset growth and successful securitizations. However, challenges such as economic book value decline, increased delinquencies, and negatively impacted earnings highlight areas of concern. While the company maintained a stable dividend and delivered a positive economic return for the year, the immediate financial results reflect some pressure from the economic environment and operational challenges.Company Guidance
During the MFA Financial Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance on its financial performance and strategic initiatives. The company experienced a modest decline in economic book value by roughly 3.7%, ending the quarter at $13.93 per share, compared to $14.46 at the end of September. Despite a total economic return of negative 1.2% for the quarter, MFA achieved a positive 5.2% return for the year. In terms of asset growth, MFA increased its assets from $10.8 billion to $11.4 billion in 2024, with a notable rise in agency book value by over $800 million. The company executed three securitizations totaling over $1 billion, maintaining recourse leverage at 1.7 times. Moreover, MFA paid common dividends of $1.40 per share for 2024, with favorable tax treatment classifying 40% of these dividends as a non-taxable return of capital. The guidance also highlighted a strategic shift towards non-QM loans and agency securities, with a focus on maintaining liquidity and enhancing portfolio returns amid a challenging market environment.Asset Growth
MFA Financial grew its assets from $10.8 billion to $11.4 billion in 2024, including an increase in the agency book by over $800 million, ending the year at $1.4 billion.
Successful Securitizations
Executed three securitizations in Q4 on over a billion dollars of loans, including RTL, Non-QM, and NPL loans. Over three-quarters of the loan portfolio is financed through securitization.
Positive Economic Return for 2024
MFA delivered a total economic return of positive 5.2% for the year 2024.
Dividend Stability
MFA paid $1.40 in common dividends in 2024, consistent with 2023, with approximately 40% treated as a non-taxable return of capital.
Agency MBS Portfolio Growth
The agency MBS portfolio grew by almost 50% to $1.4 billion by year-end, with hedge returns in the mid-teens.
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MFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $10.30 | $10.32 | +0.19% |
| Nov 06, 2024 | $11.90 | $11.04 | -7.23% |
| Aug 08, 2024 | $10.17 | $10.77 | +5.90% |
| May 06, 2024 | $9.95 | $9.85 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MFA Financial (MFA) report earnings?
MFA Financial (MFA) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is MFA Financial (MFA) earnings time?
MFA Financial (MFA) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MFA EPS forecast?
MFA EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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