Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 62

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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, 20248,000 $80 11,000 $110 102,082 $1,021 $3,703,242 $(1,839,792)$19,526 $1,884,187 

(1)  For the three months ended March 31, 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.

6  

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)Three Months EndedMarch 31,(In Thousands)20252024Cash Flows From Operating Activities:  Net income/(loss)$41,176 $23,213 Adjustments to reconcile net income/(loss) to net cash provided by operating activities: Net (gain)/loss on residential whole loans(55,757)11,095 Impairment and other net (gain)/loss on securities and other portfolio investments, net(21,188)4,112 Net gain on real estate owned1,497 (735)Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities741 (3,327)Provision/(reversal of provision) for credit losses on residential whole loans and other assets145 649 Net (gain)/loss on derivatives used for risk management purposes 44,842 (23,182)Net (gain)/loss on securitized debt measured at fair value through earnings18,575 20,169 Net margin received/(paid) for derivatives used for risk management purposes(83,136)(5,112)Net other non-cash (gains)/losses included in net income12,061 14,103 (Increase)/decrease in other assets30,747 19,397 Increase/(decrease) in other liabilities(4,267)(6,915)Net cash provided by/(used in) operating activities$(14,564)$53,467 Cash Flows From Investing Activities:  Purchases and origination of residential whole loans, loan related investments and capitalized advances$(607,825)$(761,214)Proceeds from sales of residential whole loans72,261 151,664 Principal payments on residential whole loans and loan related investments586,807 402,354 Purchases of securities(299,