Welcome to our dedicated page for MFA Financial news (Ticker: MFA), a resource for investors and traders seeking the latest updates and insights on MFA Financial stock.
MFA Financial, Inc. reports news on its internally managed real estate investment trust operations, including investments in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Company updates commonly address portfolio growth, Non-QM loan activity, single-family rental and transitional loans, securitizations, credit performance and leverage.
Recurring announcements also cover results from Lima One Capital, MFA's wholly owned business-purpose lending subsidiary for real estate investors, along with common and preferred stock dividends, dividend tax information, share repurchase activity and scheduled earnings calls.
MFA Financial, Inc. (NYSE: MFA) announced a dividend declaration for its 7.50% Series B and 6.50% Series C Preferred Stock. The Series B dividend is set at $0.46875 per share, payable on September 30, 2021, to stockholders of record as of September 8, 2021. The Series C dividend will be $0.40625 per share, also payable on September 30, 2021, to stockholders of record as of September 8, 2021. MFA Financial focuses on investing in residential mortgage assets and is an internally-managed REIT.
MFA Financial reported a net income of $58.5 million, or $0.13 per share, for Q2 2021. The cash dividend increased by 33% to $0.10 per share. GAAP book value was $4.65 and economic book value rose to $5.12. Net interest income surged 16% to $59 million, with interest expense down 15%. MFA completed significant securitizations, lowering funding rates by about 200 bps. The acquisition of Lima One is expected to enhance business purpose loan capabilities.
MFA Financial, Inc. (NYSE: MFA) will hold a live audio webcast of its investor conference call on August 5, 2021, at 10:00 a.m. (ET). This call will discuss the company’s second quarter 2021 financial results, which will be released that same day. The webcast can be accessed via MFA's website, and a replay will be available afterward. MFA primarily invests in residential mortgage assets, including residential whole loans and mortgage-backed securities.
MFA Financial, Inc. (NYSE: MFA) has successfully completed its acquisition of Lima One Holdings, LLC from affiliates of Magnetar Capital and certain management members. This acquisition grants MFA full ownership of Lima One, a leading provider of business purpose loans for real estate investors with over $3 billion funded since 2010. Lima One's executive team will remain in place, continuing operations from Greenville, South Carolina. The transaction is strategically significant as it enhances MFA's investment portfolio in the residential mortgage sector.
MFA Financial, Inc. (NYSE: MFA) has declared a regular cash dividend of $0.10 per share for Q2 2021. The dividend will be disbursed on July 30, 2021, to shareholders on record as of June 30, 2021. This decision reflects the company's focus on returning value to shareholders while engaging in leveraged investments in residential mortgage assets, including whole loans and mortgage-backed securities.
MFA Financial, Inc. (NYSE: MFA) appointed Laurie Goodman as the non-executive Chair of the Board, effective immediately, following the retirement of George H. Krauss after 24 years. Goodman, who joined the Board in 2014, has been a member of both the Nominating and Corporate Governance Committee and the Audit Committee, serving as Chair of the Audit Committee since 2017. MFA is primarily engaged in investing in residential mortgage assets, leveraging its position in the market.
MFA Financial, Inc. has declared dividends for its 7.50% Series B and 6.50% Series C Preferred Stocks, both payable on June 30, 2021. The Series B dividend is $0.46875 per share, and the Series C dividend is $0.40625 per share. Record dates for both stocks are June 7, 2021. This announcement reflects the company's ongoing commitment to return value to shareholders while engaging in leveraged investments in residential mortgage assets.
MFA Financial, Inc. (NYSE: MFA) reported a strong first quarter of 2021, with a net income of $77.3 million or $0.17 per share. The company paid a cash dividend of $0.075 per share on April 30, 2021. GAAP book value was $4.63 per share, while Economic book value rose to $5.09 per share. Significant contributions included $32.1 million in market value gains from residential whole loans and net CECL reserve releases of $22.8 million. MFA also reduced interest expenses by 27% and executed several securitizations, enhancing liquidity and funding rates.
MFA Financial, Inc. (NYSE: MFA) has announced its agreement to acquire all remaining ownership interests in Lima One Holdings, LLC for approximately $1.3 billion, which includes Lima One’s $1.1 billion servicing portfolio and $200 million in related financial assets. This strategic acquisition aims to enhance MFA's business purpose lending (BPL) investment strategy, leveraging Lima One’s platform and expertise. The transaction is expected to close in Q3 2021, subject to regulatory approvals, positioning MFA for increased capital deployment in the BPL sector.
MFA Financial, Inc. (NYSE: MFA) is set to host a live webcast on May 6, 2021, at 10:00 a.m. ET to discuss its first quarter 2021 financial results. The results will be announced earlier that day. Interested participants can access the webcast via the MFA website under 'Webcasts & Presentations'. Prior to the call, earnings presentation materials will be available, and an audio replay will follow the event. MFA focuses on investing in residential mortgage assets, leveraging whole loans and mortgage-backed securities.