Corrected: MFA Financial Q2 distributable earnings impacted by credit losses

MFA Financial

06/08/2025 13:39

Corrects net interest income figure to $61.3 mln, from $41.56 bln, in Key Details table

Overview

MFA Q2 GAAP net income $22.6 mln, $0.22 per basic share

Distributable earnings $24.7 mln, impacted by credit losses

Residential investment portfolio grew to $10.8 bln, with $876 mln in acquisitions

Result Drivers

PORTFOLIO EXPANSION - MFA grew its investment portfolio to $10.8 bln, acquiring $876 mln in residential loans and securities

CREDIT LOSSES - Distributable earnings impacted by credit losses on business purpose loans, per CEO Craig Knutson

INTEREST SPREAD - Net interest spread rose to 1.98%, and net interest margin increased to 2.73%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.21
Q2 Adjusted Net Income
$24.70 mln
Q2 Net Income
$22.60 mln
Q2 Net Interest Income
$61.3 mln
Q2 Dividend
$0.36


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for MFA Financial Inc is $10.00, about 8.3% above its August 5 closing price of $9.17

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw5KFR0Na

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)