MFA FINANCIAL, INC.

MFA Financial, Inc. reported a net loss of $(984) thousand for the first quarter of 2026, a significant decline from a net income of $41,176 thousand in the prior year's quarter, resulting in a basic loss per common share of $(0.11). This downturn was primarily driven by a substantial net loss on residential whole loans and securities, despite an increase in net interest income. Total assets increased to $13.23 billion, while stockholders' equity decreased to $1.78 billion.

MFA Financial reported a GAAP net loss of $(11.4) million, or $(0.11) per common share, for Q1 2026, while distributable earnings were $31.1 million, or $0.30 per common share. The company grew its investment portfolio to $12.5 billion, acquired $1.1 billion in residential mortgage assets, and repurchased over 500,000 common shares. Strategic initiatives included two Non-QM securitizations and an office relocation expected to save $4 million annually.