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Jun 30, 2021
MFA Financial Q2 2021 Earnings Report
MFA Financial had a solid second quarter, driven by strong portfolio performance and efforts to reduce funding costs through securitizations.
Key Takeaways
MFA Financial reported a solid second quarter of 2021, with earnings of $0.13 per common share and a total economic return of 2.6%. The company increased net interest income by 16% compared to Q1 2021. Portfolio acquisitions exceeded runoff for the first time since the onset of COVID. The company also completed the acquisition of Lima One Capital.
Asset acquisitions exceeded run-off for the first time since COVID onset.
Book value remained stable despite a volatile market for mortgages.
Net interest income increased by 16% over the first quarter of 2021.
The second quarter dividend to common shareholders increased by 33%.
Forward Guidance
MFA expects to materially enhance its capability to purchase and service BPLs with the acquisition of Lima One.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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