MFA Financial had a strong first quarter in 2021, earning $0.17 per common share, driven by strong portfolio performance and lower financing costs achieved through securitizations. The company also completed a single family rental securitization in February 2021 and a re-lever of a non-performing loan securitization in March 2021. Subsequent to quarter end, they also executed their fourth Non-QM securitization.
Earned $0.17 per common share in the first quarter.
GAAP total return of 3.6% and an economic total return of 5.0%.
Purchased nearly 11 million shares in 2021 at an average price of $4.14.
Entered into an agreement to acquire substantially all of the remaining ownership interests not already owned by us in Lima One Holdings, LLC.
MFA expects to materially enhance its capability to purchase and service BPLs, which include fix and flip, single family and other rental and multifamily loans, with the acquisition of Lima One.
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