MFA Financial, Inc. Announces Second Quarter 2018 Financial Results
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MFA Financial (MFA) Misses Q2 EPS by 2c, Revenue Beats
August 2, 2018 8:35 AM EDTMFA Financial (NYSE: MFA) reported Q2 EPS of $0.17, $0.02 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $66.6 million versus the consensus estimate of $63.85 million.
Second Quarter 2018 and other highlights:
MFA generated second quarter GAAP net income of $66.6 million, or $0.17 per common share. As of June 30, 2018, book value per common share was $7.54.Asset acquisitions exceeded run-off during the quarter. MFA purchased or committed to purchase in excess of $1.1 billion of residential mortgage assets in the second quarter, including $898 million of residential whole loans.Recent growth... More