Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 197

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 197
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 reported by other companies.

The following table provides a reconciliation of our GAAP book value per common share to our non-GAAP Economic book value per common share as of the quarterly periods below:

Quarter Ended:(In Millions, Except Per Share Amounts)September 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024March 31, 2024GAAP Total Stockholders’ Equity$1,821.5 $1,822.1 $1,838.4 $1,841.8 $1,880.5 $1,883.2 $1,884.2 Preferred Stock, liquidation preference(479.9)(475.0)(475.0)(475.0)(475.0)(475.0)(475.0)GAAP Stockholders’ Equity for book value per common share1,341.6 1,347.1 1,363.4 1,366.8 1,405.5 1,408.2 1,409.2 Adjustments:Fair value adjustment to Residential whole loans, at carrying value8.7 1.8 (6.3)(15.3)6.7 (26.8)(35.4)Fair value adjustment to Securitized debt, at carrying value48.5 57.1 63.1 70.3 64.3 82.3 88.4 Stockholders’ Equity including fair value adjustments to Residential whole loans and Securitized debt held at carrying value (Economic book value)$1,398.8 $1,406.0 $1,420.2 $1,421.8 $1,476.5 $1,463.7 $1,462.2 GAAP book value per common share$13.13 $13.12 $13.28 $13.39 $13.77 $13.80 $13.80 Economic book value per common share$13.69 $13.69 $13.84 $13.93 $14.46 $14.34 $14.32 Number of shares of common stock outstanding102.2 102.7 102.7 102.1 102.