Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 181

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 181
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 Payout Ratio (3)Total AverageStockholders’ Equity toTotal Average Assets (4)Leverage Multiple (5)Recourse Leverage Multiple (6)June 30, 20251.14 %7.21 %1.6415.86 %5.21.8March 31, 20251.45 8.91 1.1316.31 5.11.8December 31, 20240.21 1.26 —16.41 5.01.7September 30, 20241.74 10.17 0.9217.10 4.81.8June 30, 20241.52 8.85 1.0917.14 4.71.7March 31, 20240.85 4.69 2.5018.23 4.61.8

(1)Reflects annualized net income divided by average total assets.

(2)Reflects annualized net income divided by average total stockholders’ equity. 

(3)Reflects dividends declared per share of common stock divided by earnings per share.  The ratio has not been calculated for periods where earnings per share is negative as the calculations are not meaningful.

(4)Reflects total average stockholders’ equity divided by total average assets. 

(5)Represents the sum of our borrowings under financing agreements and payable for unsettled purchases divided by stockholders’ equity.

(6)Represents the sum of our borrowings under financing agreements (excluding securitized debt and other non-recourse debt) and payable for unsettled purchases divided by stockholders’ equity. 

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Six Month Period Ended June 30, 2025 Compared to the Six Month Period Ended June 30, 2024 

The following table summarizes the changes in our results of operations for the six months ended June 30, 2025 compared to the six months ended June 30, 2024.  

Six Months Ended(In Thousands, Except Per Share Amounts)June 30, 2025 June 30, 2024YoY ChangeInterest Income:Residential whole loans$305,878 $323,382 $(17,504)Securities, at fair value53,448 26,621 26,827 Other interest-earning assets926 2,340 (1,414)Cash and