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Sep 30, 2024
MFA Financial Q3 2024 Earnings Report
Reported strong results with distributable earnings and economic book value increase.
Key Takeaways
MFA Financial reported strong third quarter results, with distributable earnings of $0.37 per share. The economic book value rose approximately 1% to $14.46 per share. The company purchased or originated over $565.2 million of residential mortgage loans and added $294 million of Agency MBS.
Distributable earnings were $0.37 per share.
Economic book value increased by approximately 1% to $14.46 per share.
Purchased or originated over $565.2 million of residential mortgage loans.
Added $294 million of Agency MBS.
Forward Guidance
The Federal Reserve's easing cycle should benefit mortgage REITs. A return to a more neutral policy rate and the normalization of the yield curve should both serve as tailwinds for our business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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