Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 338

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 338
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 not be comparable to similarly titled measures reported by other companies.

The following table provides a reconciliation of our GAAP book value per common share to our non-GAAP Economic book value per common share as of the quarterly periods below:

Quarter Ended:(In Millions, Except Per Share Amounts)December 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023September 30, 2023June 30, 2023March 31, 2023GAAP Total Stockholders’ Equity$1,841.8 $1,880.5 $1,883.2 $1,884.2 $1,899.9 $1,848.5 $1,944.8 $2,018.6 Preferred Stock, liquidation preference(475.0)(475.0)(475.0)(475.0)(475.0)(475.0)(475.0)(475.0)GAAP Stockholders’ Equity for book value per common share1,366.8 1,405.5 1,408.2 1,409.2 1,424.9 1,373.5 1,469.8 1,543.6 Adjustments:Fair value adjustment to Residential whole loans, at carrying value(15.3)6.7 (26.8)(35.4)(35.6)(85.3)(58.3)(33.9)Fair value adjustment to Securitized debt, at carrying value70.3 64.3 82.3 88.4 95.6 122.5 129.8 122.4 Stockholders’ Equity including fair value adjustments to Residential whole loans and Securitized debt held at carrying value (Economic book value)$1,421.8 $1,476.5 $1,463.7 $1,462.2 $1,484.9 $1,410.7 $1,541.3 $1,632.1 GAAP book value per common share$13.39 $13.77 $13.80 $13.80 $13.98 $13.48 $14.42 $15.15 Economic book value per common share$13.93 $14.46