Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 66

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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idends declared on Series C Preferred Stock ($0.40625 per share)— — — — — — — (4,469)— (4,469)Dividends attributable to dividend equivalents— — — — — — — (318)— (318)Change in unrealized gains on securities, net— — — — — — — — (1,874)(1,874)Balance at June 30, 20248,000 $80 11,000 $110 102,083 $1,021 $3,707,886 $(1,843,507)$17,652 $1,883,242 

(1)  For the six months ended June 30, 2024 includes approximately $1.5 million (129,949 shares) surrendered for tax purposes related to equity-based compensation awards.

The accompanying notes are an integral part of the consolidated financial statements.

7  

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)Six Months EndedJune 30,(In Thousands)20252024Cash Flows From Operating Activities:  Net income/(loss)$74,360 $65,159 Adjustments to reconcile net income/(loss) to net cash provided by operating activities: Net (gain)/loss on residential whole loans(90,122)(5,726)Impairment and other net (gain)/loss on securities and other portfolio investments, net(27,831)6,115 Net (gain)/loss on real estate owned4,442 (2,516)Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities(1,187)(6,841)Provision/(reversal of provision) for credit losses on residential whole loans and other assets936 (404)Net (gain)/loss on derivatives used for risk management purposes 60,233 (12,945)Net (gain)/loss on securitized debt measured at fair value through earnings22,287 27,766 Net margin received/(paid) for derivatives used for risk management purposes(95,452)(863)Net other non-cash (gains)/losses included in net income42,685 22,188 (Increase)/decrease in other assets30,003 13,326