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MFA Financial ( (MFA) ) just unveiled an update.
MFA Financial, Inc. announced its financial results for the fourth quarter and full year of 2024, revealing a GAAP net income to common stockholders of $86.4 million for the year, up from $47.3 million in 2023. Despite a challenging fourth quarter with a total economic return of -1.2%, the company leveraged market conditions to acquire $1.2 billion in loans and securities, positioning itself for future growth. Key activities in 2024 included the acquisition of $2.6 billion in loans, eight loan securitizations, and expanding its Agency MBS portfolio to $1.4 billion. The company also navigated leadership changes and issued $190 million of senior unsecured notes, enhancing its strategic positioning for 2025.
More about MFA Financial
MFA Financial, Inc. (NYSE: MFA) is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, and other real estate assets. Through its subsidiary, Lima One Capital, MFA originates and services business purpose loans for real estate investors. MFA is an internally-managed, publicly-traded real estate investment trust.
YTD Price Performance: 0.78%
Average Trading Volume: 1,009,646
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.05B
For an in-depth examination of MFA stock, go to TipRanks’ Stock Analysis page.
