MFA Earnings Prediction
The chart below shows how MFA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MFA sees a -2.04% change in stock price 10 days leading up to the earnings, and a +0.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
MFA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
222.02M
99.07%
3.36%
Gross Margin
--
--
--
Operating Margin
22.28%
155.73%
18.45%
Net Margin
21.70%
142.88%
11.11%
EPS
0.37
157.81%
15.62%
No Data Available
MFA Earnings Analysis
MFA Financial, Inc Corporation (MFA.N) Earnings Conference Call
Positive
Strong Q3 Performance: MFA turned in solid results in the third quarter of 2024 with distributable earnings of $0.37, book value that was up about 1% and an economic return of 3.3%.
Loan Acquisition Strategy: We acquired over $550 million of loans with an average coupon of 9.4% and added just shy of $300 million agencies at quite attractive yields.
Securitization Funding Strategy: We continue to utilize securitization to fund our assets, closing two deals in the third quarter and two additional deals subsequent to the end of Q3.
Residential Transition Loans Deal: Our most recent deal, priced just last week, was our first rated deal for residential transition loans originated by Lima One.
Earnings Increase Report: MFA generated GAAP earnings of $48.2 million or $0.38 per basic common share, up from $41.9 million or $0.32 per basic common share in the second quarter.
Negative
Strong Q3 Performance: MFA turned in solid results in the third quarter of 2024 with distributable earnings of $0.37, book value that was up about 1% and an economic return of 3.3%.
Loan Acquisition Strategy: We acquired over $550 million of loans with an average coupon of 9.4% and added just shy of 300 million agencies at quite attractive yields.
Residential Transition Loans Deal: Our most recent deal, priced just last week, was our first rated deal for residential transition loans originated by Lima One.
Talent Acquisition and Outreach: We have been adding talent to our production team and improving borrower outreach with marketing and technology initiatives that should start to pay dividends with higher volume beginning in 2025.
Rental Loans Strategy: We have begun to programmatically sell rental loans as a way to generate additional income and enhance Lima One's franchise value.
MFA FAQs
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MFA Earning Call Sentiment
MFA Financial, Inc. (MFA) Q3 2024 Earnings Call Transcript
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MFA.N
1.42%Positive
Basic Financial Performance: 3 (GAAP earnings rose, but distributable earnings fell)\nProduct Development and Business Update: 2 (Operational challenges at Lima One, increased delinquencies)\nMarket Strategy: 3 (Competitive pressures, but potential growth in agency portfolio)\nExpenses and Financial Health: 3 (Non-recurring expenses, but stable book value)\nShareholder Return Plan: 3 (Dividends declared, but decreased economic book value post quarter)\nOverall, mixed signals with some positive earnings but increased delinquencies and operational challenges, leading to a neutral outlook.