Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 37

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 37
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 value305 — (7,324)(2,668)(418)Interest rate swaps44,842 (46,632)84,629 10,237 (23,182)Securitized debt held at fair value18,575 (47,267)71,475 7,597 20,169 Other portfolio investments(744)(94)1,503 1,484 — Expense items:Amortization of intangible assets800800800800 800 Equity based compensation6,052 1,637 2,104 3,899 6,243 Securitization-related transaction costs1,696 5,252 3,485 3,009 1,340 Depreciation879 938 2,604 822 889 Total adjustments(2,176)43,246 (1,247)12,776 22,130 Distributable earnings$30,575 $40,850 $38,623 $46,390 $36,957 GAAP earnings/(loss) per basic common share$0.32 $(0.02)$0.38 $0.32 $0.14 Distributable earnings per basic common share$0.29 $0.39 $0.37 $0.45 $0.36 Weighted average common shares for basic earnings per share103,777 103,675 103,647 103,446 103,175 

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Selected Financial Ratios (using Distributable earnings)

The following table presents information regarding certain of our financial ratios at or for the dates presented:

At or for the Quarter EndedReturn on Average Total Assets (1)Return on Average Total Stockholders’ Equity (2)Dividend Payout Ratio (3)March 31, 20251.37 %8.39 %1.24December 31, 20241.72 10.49 0.90September 30, 20241.69 9.89 0.95June 30, 20241.98 11.53 0.78March 31, 20241.66 9.12 0.97

(1)Reflects annualized Distributable earnings before preferred dividends divided by average total assets.

(2)Reflects annualized Distributable earnings before