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) has announced dividends for its Series B and Series C Preferred Stocks for Q3 2022. The Series B dividend is $0.46875 per share, payable on September 30, 2022, to stockholders of record by September 6, 2022. The Series C dividend is $0.40625 per share, also payable on September 30, 2022, to stockholders of record by September 6, 2022. This decision reinforces the company’s commitment to providing income to its shareholders.
MFA Financial, Inc. reported a GAAP loss of ($108.6 million or ($1.06 per share) for Q2 2022. Distributable Earnings stood at $47.2 million or $0.46 per share. Economic book value decreased by 8.3% to $17.25 per share. Losses on residential loans totaled $216.4 million, partially offset by gains of $132.4 million on securitized debt and derivatives. Interest income rose 3% to $102.4 million, while interest expense increased by $13.4 million. The leverage ratio is at 3.3x debt to equity, with substantial cash reserves of nearly $400 million.
MFA Financial, Inc. (NYSE: MFA) will host a live audio webcast on August 4, 2022, at 11:00 a.m. (Eastern Time) to discuss its second quarter 2022 financial results. The results will be announced earlier that day. Investors can access the webcast via the MFA website by clicking on the "Webcasts & Presentations" link. Participants are encouraged to register at least 15 minutes before the call. An audio replay will be available after the call.
MFA Financial, Inc. (NYSE: MFA) has declared a cash dividend of $0.44 per share for Q2 2022. This dividend will be paid on July 29, 2022, to stockholders of record as of June 30, 2022. MFA Financial specializes in investing and financing residential mortgage assets through various instruments including whole loans and mortgage-backed securities. As an internally-managed REIT, MFA aims to provide income to its shareholders while managing a diversified portfolio.
MFA Financial has declared dividends for its preferred stockholders. The Board approved a $0.46875 per share dividend on the 7.50% Series B Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2022, payable on June 30, 2022, to stockholders of record as of June 1, 2022. Additionally, a $0.40625 per share dividend on the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock has also been approved, with the same payment schedule. MFA focuses on investments in residential mortgage assets, enhancing shareholder returns.
MFA Financial, Inc. reported a GAAP loss of $(91.1) million or ($0.86) per share for Q1 2022. Despite this, Distributable Earnings were $66.0 million or $0.62 per share. The GAAP book value per share decreased to $17.84, while Economic book value fell to $18.81. The company experienced net interest income of $63.1 million, with a net interest spread of 1.96%. MFA completed two securitizations totaling $1.08 billion during the quarter, enhancing liquidity. The CEO acknowledged the challenges posed by rising interest rates but noted the company's proactive risk management measures.
MFA Financial, Inc. (NYSE: MFA) will host a live audio webcast of its investor conference call on May 4, 2022, at 10:00 a.m. ET to discuss its first quarter 2022 financial results. The earnings announcement will precede the call. The webcast can be accessed on the company’s website under 'Webcasts & Presentations'. Audio presentation materials will be available prior to the call and a replay will follow. MFA Financial specializes in investing in and financing residential mortgage assets, including whole loans and mortgage-backed securities.
MFA Financial, Inc. (NYSE: MFA) has successfully completed a 1-for-4 reverse stock split, effective April 4, 2022. This reduces its outstanding shares from approximately 420 million to about 105 million. Despite the split, the dividend payment of $0.11 per share remains unchanged and is scheduled for April 29, 2022. Shareholders will receive cash for any fractional shares resulting from the split. The company reassures investors that their ownership percentage remains largely unaffected.
MFA Financial, Inc. (NYSE: MFA) has announced a 1-for-4 reverse stock split effective April 4, 2022. This corporate action will reduce each stockholder's number of shares by a factor of four, while preserving ownership percentages. Trading on a post-split basis is expected to commence on April 5, 2022. The reverse split will not impact the upcoming dividend of $0.11 per share, payable on April 29, 2022, to stockholders recorded before the split. Stockholders will receive cash for any fractional shares instead of issuing them.
MFA Financial, Inc. (NYSE: MFA) declared a cash dividend of $0.11 per share for Q1 2022, payable on April 29, 2022, to stockholders of record by March 22, 2022. Additionally, the Board authorized a new share repurchase program allowing for the buyback of up to $250 million in common stock through the end of 2023, replacing the previous program with $25.6 million remaining. Repurchases will depend on market conditions and may occur via various methods, funded by cash balances and future investment portfolio run-off.