MFA Financial tops Q1 adjusted net income expectations

MFA Financial

05/05/2026 13:40

Overview

U.S. mortgage REIT's Q1 adjusted EPS met analyst expectations, adjusted net income beat estimates

Company reported a GAAP net loss of $11.4 mln for Q1

MFA grew investment portfolio to $12.5 bln and repurchased over 500,000 shares

Outlook

Company says Lima One origination pipeline is at its highest level since 2024

Company cites volatile market conditions and geopolitical developments as current challenges

Result Drivers

PORTFOLIO GROWTH - Co grew its investment portfolio to $12.5 bln, acquiring over $1 bln of residential mortgage assets and increasing Agency MBS holdings

LIMA ONE PERFORMANCE - Mortgage banking income at Lima One rose 34% from Q4 2025 to $7.7 mln, supported by a strong origination pipeline

SECURITIZATION AND LOAN RESOLUTION - Co completed two Non-QM loan securitizations and resolved $163 mln of previously delinquent loans

Company press release: ID:nBw3WwkxDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Meet
$0.30
$0.30 (5 Analysts)
Q1 EPS
-$0.11
Q1 Adjusted Net Income
Beat
$31.10 mln
$30.29 mln (3 Analysts)
Q1 Net Income
-$11.40 mln
Q1 Net Interest Income
$59.20 mln
Q1 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", 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 $11.25, about 10.7% above its May 4 closing price of $10.16

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

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.)