MFA Financial's Q2 distributable earnings miss analyst estimates

MFA Financial

05/08/2026 13:39

Overview
US mortgage REIT's Q2 distributable earnings missed analyst expectations
Net income for Q2 was $36.2 mln

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
REALIZED CREDIT LOSSES - Distributable earnings were weighed down by realized losses on legacy multifamily loans
PORTFOLIO GROWTH - Co grew its investment portfolio and acquired over $1.6 bln of residential mortgage assets during the quarter
DELINQUENCY RESOLUTION - Co resolved nearly $200 mln of previously delinquent loans, reducing portfolio-wide default rate to 7.0% from 7.8%

Company press release: ID:nBw3Ptrtna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Distributable earnings
Miss
$12.20 mln
$32.15 mln (4 Analysts)
Q2 Net Income
 
$36.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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 $10.50, about 15.5% above its August 4 closing price of $9.09
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 4 - LoanDepot Q2 adjusted net loss narrows from prior quarter but misses profit expectations
Aug 4 - Finance of America Q2 adjusted EPS misses estimates as revenue falls
Aug 4 - SLR Investment Q2 net investment income falls on smaller portfolio, lower rates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)