MFA Financial (MFA) Misses Q3 EPS by 2c

November 4, 2013 8:04 AM EST
MFA Financial (NYSE: MFA) reported Q3 core EPS of $0.18, $0.02 worse than the analyst estimate of $0.20.

Stewart Zimmerman, MFA's Chairman of the Board and CEO, said, "MFA continues to provide stockholders with attractive returns through what we believe to be appropriately leveraged investments in both Agency and Non-Agency residential MBS. At quarter-end our debt to equity ratio was 3.0:1. Our Agency portfolio had an average amortized cost basis of 103.5% of par as of September 30, 2013, and generated a 2.13% yield in the third quarter. Our Non-Agency portfolio had an average amortized cost of 73.4% of par as of September 30, 2013, and generated a loss-adjusted yield of 7.33% in the third quarter."

"We believe MFA, an internally managed REIT, continues to be a very efficient vehicle for delivering the benefits of residential MBS investment to stockholders. For the three months ended September 30, 2013, MFA's costs for compensation and benefits and other general and administrative expenses were $8.7 million or an annualized 1.1% of stockholders' equity as of September 30, 2013."

For earnings history and earnings-related data on MFA Financial (MFA) click here.


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