MFA Financial (MFA) Misses Q1 EPS by 6c
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MFA Financial, Inc. Announces First Quarter 2023 Financial Results
May 4, 2023 8:30 AM EDTNEW YORK--(BUSINESS WIRE)-- MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2023.
First Quarter 2023 financial results update:
MFA generated GAAP net income for the first quarter of $64.6 million, or $0.63 per basic common share ($0.62 per diluted common share). Distributable Earnings, a non-GAAP financial measure, was $30.8 million, or $0.30 per common share. GAAP book value at March 31, 2023 was $15.15 per common share, a 1.9% increase from December 31, 2022. Economic book value, a non-GAAP financial measure, rose 3.0% during the quarter to... More