MFA Financial Q2 GAAP profit $36.2 million; distributable earnings $12.2 million
MFA Financial reported second-quarter 2026 GAAP net income to common stockholders of $36.2 million, or $0.35 per basic share, up from $0.22 a year earlier. Distributable earnings, a non-GAAP measure, fell to $12.2 million, or $0.12 per basic share, from $24.8 million a year earlier, as realized losses on legacy multifamily loans weighed on results. Shareholders also see GAAP book value of $12.71 per share at June 30, 2026, and a $0.36 dividend paid July 31, 2026.
Key points
- GAAP net income to common stockholders was $36.2 million, or $0.35 per basic and $0.34 per diluted share, versus $0.22 per basic share in Q2 2025.
- Distributable earnings were $12.2 million, or $0.12 per basic share; before realized credit losses, they were $36.7 million, or $0.35 per basic share.
- GAAP book value was $12.71 per common share at June 30, 2026; economic book value, a non-GAAP measure, was $13.20.
- A regular cash dividend of $0.36 per common share was paid on July 31, 2026.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.