MFA Financial posts $122.4 million Q3 net loss, or $(1.19) per share, versus a profit a year earlier
MFA Financial reported a GAAP net loss to common stockholders of $(122.4) million, or $(1.19) per share, for the quarter ended September 30, 2026, compared with income of $0.36 per basic share in the same quarter of 2025. Distributable earnings, a non-GAAP measure, were $26.4 million, or $0.26 per share, and GAAP book value fell to $11.12 per common share, with a total economic return of (10.6)% for the quarter, which hurts shareholder value.
Key points
- GAAP net loss to common stockholders of $(122.4) million, or $(1.19) per basic and diluted share, for Q3 2026
- Distributable earnings of $26.4 million, or $0.26 per basic share, versus $21.1 million in Q3 2025
- GAAP book value was $11.12 per common share at September 30, 2026; total economic return was (10.6)% for the quarter
- Craig Knutson will retire as CEO effective June 30, 2027; Bryan Wulfsohn becomes CEO July 1, 2027
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 November 04, 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.