MFA Financial (MFA) Misses Q1 EPS by 2c

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MFA Financial, Inc. Announces First Quarter 2019 Financial Results

May 7, 2019 8:30 AM EDT

NEW YORK, May 7, 2019 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) today announced its financial results for the first quarter ended March 31, 2019.

First Quarter 2019 and other highlights:

MFA generated first quarter GAAP net income of $85.1 million, or $0.19 per common share. As of March 31, 2019, book value per common share was $7.11. GAAP Net Income per common share was $0.06 higher than the fourth quarter of 2018, primarily due to partial recovery of unrealized losses in our residential mortgage securities portfolio, particularly CRT securities. Core... More