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Jun 30, 2023
MFA Financial Q2 2023 Earnings Report
MFA Financial's performance reflected a challenging and volatile quarter for fixed-income investors, marked by strategic acquisitions and increased net interest spread.
Key Takeaways
MFA Financial reported distributable earnings exceeding its dividend amidst a challenging quarter. The company acquired approximately $1 billion in loans and securities, leading to a 40 bps increase in net interest spread to 2.14%. Lima One originated $584 million in new business purpose loans, a 50% increase from the previous quarter.
Distributable earnings exceeded the dividend payout.
Acquired approximately $1 billion of loans and securities at attractive levels.
Net interest spread increased by 40 bps to 2.14%.
Lima One originated $584 million of new business purpose loans, up 50% from Q1.
Forward Guidance
This report contains forward-looking statements regarding MFA’s business, financial condition, liquidity, results of operations, plans, and objectives, which are subject to risks, uncertainties, and assumptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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