Business
MFA Financial, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
NEW YORK, February 19, 2025--MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the fourth quarter and full year ended December 31, 2024:
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/92b56c007d00e078abf08f7199de606b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/i.TLkugsxiY4Si19utDBpg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQxMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/92b56c007d00e078abf08f7199de606b","width":480,"height":205}},"lazy":false},{"type":"text","content":"NEW YORK, February 19, 2025--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the fourth quarter and full year ended December 31, 2024:","length":175,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Financial Results:","length":38,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"MFA generated GAAP net income to common stockholders and participating securities for the fourth quarter of $(2.3) million, or $(0.02) per basic and diluted common share.","length":170,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Distributable earnings, a non-GAAP financial measure, were $40.8 million, or $0.39 per basic common share. MFA paid a regular cash dividend of $0.35 per common share on January 31, 2025.","length":186,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP book value at December 31, 2024 was $13.39 per common share. Economic book value, a non-GAAP financial measure, was $13.93 per common share.","length":145,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total economic return was (1.2)% for the fourth quarter.","length":56,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"MFA closed the quarter with unrestricted cash of $338.9 million.","length":64,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":621,"olType":false},{"type":"text","content":"Full Year 2024 Highlights:","length":26,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP net income to common stockholders and participating securities was $86.4 million, or $0.83 per basic common share and $0.82 per diluted common share, up from $47.3 million, or $0.46 per basic and diluted common share, in 2023.","length":231,"tagName":"p","attribs":{}}]},{"val":[{"type":"text"...