MFA Financial, Inc. Announces Second Quarter 2026 Financial Results
MFA Financial reported Q2 GAAP net income of $36.2 million, or $0.34 per diluted share, up from $0.22 in the prior year. Distributable earnings were $12.2 million, though management notes this metric rose to $36.7 million when excluding realized credit losses on legacy multifamily loans. The company grew its residential investment portfolio to $13.0 billion and improved credit performance, with 60+ day delinquencies decreasing to 7.0% from 7.8% in the prior quarter. Economic book value remained solid at $13.20 per share.
Key figures
- Eps
- 0.34
- Dividend
- 0.36
- Book value
- 12.71
- Economic return
- 2.6%
- Delinquency rate
- 7.0%
- Shares repurchased
- over 500,000
- Economic book value
- 13.2
- Net interest income
- 58571000
- Distributable earnings
- $12.2 million
- Distributable earnings prior realized losses
- $36.7 million
AI analysis
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