Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 429

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 429
---
 869 841 704 1,866 Total adjustments43,246 (1,247)12,776 22,130 (30,958)106,698 75,354 (31,724)Distributable earnings$40,850 $38,623 $46,390 $36,957 $50,569 $42,041 $41,208 $32,841 GAAP earnings/(loss) per basic common share$(0.02)$0.38 $0.32 $0.14 $0.80 $(0.64)$(0.34)$0.63 Distributable earnings per basic common share$0.39 $0.37 $0.45 $0.36 $0.49 $0.41 $0.40 $0.32 Weighted average common shares for basic earnings per share103,675 103,647 103,446 103,175 102,266 102,255 102,186 102,155 

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)December 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 0.97December 31, 20232.27 12.47 0.70September 30, 20232.01 10.53 0.85June 30, 20232.09 9.95 0.88March 31, 20231.66 9.12 1.09

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

(2)Reflects annualized Distributable earnings before preferred dividends divided by average total stockholders’ equity.

(3)Reflects dividends declared per share of common stock divided by Distributable earnings per share.

55  

Reconciliation of GAAP Book Value per Common