MFA Financial (MFA) Misses Q2 EPS by 4c

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Go back to MFA Financial (MFA) Misses Q2 EPS by 4c

MFA Financial, Inc. Announces Second Quarter 2020 Financial Results and declares $0.05 common dividend

August 6, 2020 8:30 AM EDT

NEW YORK, Aug. 6, 2020 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) today provided its financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 financial results update:

MFA generated second quarter net income of $88.4 million, or $0.19 per common share. During the second quarter, we continued to take actions to preserve book value, reduce leverage, generate liquidity and stabilize our financial position. MFA sold approximately $3.2 billion of residential mortgage assets, realizing net gains of $49.5 million for the quarter. In addition, overall asset prices... More