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Dec 31, 2020
MFA Financial Q4 2020 Earnings Report
Earnings stabilized as financing initiatives were implemented, with accretive common stock repurchases and limited dilution from warrant transactions.
Key Takeaways
MFA Financial's Q4 2020 financial results reflected a return to normal, with the Apollo/Athene debt fully paid off and associated warrants extinguished. Strong quarter and accretive common stock repurchases mitigated warrant settlement dilution. Two new securitizations were executed, reducing interest costs and generating additional liquidity.
Apollo/Athene debt was fully paid off, and associated warrants were extinguished.
Accretive common stock repurchases mitigated warrant settlement dilution.
Two new securitizations were executed, reducing interest costs and generating additional liquidity.
Over 1,000 REO properties were sold for aggregate proceeds of $271 million, generating gains on disposal of $15.1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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