MFA Financial, Inc. Announces First Quarter 2025 Financial Results

About this update from Mfa Financial, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":205,"url":"https://media.zenfs.com/en/business-wire.com/0ae61a0dd1be769610b57830496c0c99"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PUJ7_y_UC42te7A.N4ZBQg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQxMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/0ae61a0dd1be769610b57830496c0c99","width":480,"height":205}},"lazy":false},{"type":"text","content":"NEW YORK, May 06, 2025--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2025:","length":152,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"MFA generated GAAP net income to common stockholders and participating securities for the first quarter of $33.0 million, or $0.32 per basic and $0.31 per diluted common share.","length":176,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Distributable earnings, a non-GAAP financial measure, were $30.6 million, or $0.29 per basic common share. MFA paid an increased regular cash dividend of $0.36 per common share on April 30, 2025.","length":195,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP book value at March 31, 2025 was $13.28 per common share. Economic book value, a non-GAAP financial measure, was $13.84 per common share.","length":142,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total economic return was 1.9% for the first quarter.","length":53,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"MFA closed the quarter with unrestricted cash of $253.7 million.","length":64,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":630,"olType":false},{"type":"text","content":""We are pleased to report a 1.9% total economic return for the opening quarter of 2025," said Craig Knutson, MFA’s Chief Executive Officer. "Our recent dividend increase reflects our confidence in the earnings power of our $10.7 billion investment portfolio. During the quarter, we were able to source $875 million of residential loans and securities in our target asset classes. This included $383 million of Non-QM loans at an average coupon of 7.8% and average LTV of 65%. Lima One originated $213 million of new business purp...

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