2024 Q2 Form 10-Q Financial Statement

#000105516024000012 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $186.8M $176.8M
YoY Change 29.43% 33.76%
Cost Of Revenue $133.3M $129.0M
YoY Change 33.55% 38.97%
Gross Profit $81.46M $69.23M
YoY Change 1040.39% -29.92%
Gross Profit Margin 43.6% 39.15%
Selling, General & Admin $32.58M $37.46M
YoY Change -1.09% 20.77%
% of Gross Profit 40.0% 54.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $800.0K
YoY Change -38.46% -38.46%
% of Gross Profit 0.98% 1.16%
Operating Expenses $41.05M $45.95M
YoY Change -2.58% 9.81%
Operating Profit $40.41M $23.27M
YoY Change -215.5% -59.13%
Interest Expense $129.0M
YoY Change 38.97%
% of Operating Profit 554.41%
Other Income/Expense, Net
YoY Change
Pretax Income $42.29M $24.26M
YoY Change -263.11% -66.67%
Income Tax $346.0K $1.049M
% Of Pretax Income 0.82% 4.32%
Net Earnings $41.95M $23.21M
YoY Change -261.78% -68.11%
Net Earnings / Revenue 22.45% 13.13%
Basic Earnings Per Share $0.32 $0.14
Diluted Earnings Per Share $0.32 $0.14
COMMON SHARES
Basic Shares Outstanding 102.1M shares 102.1M shares
Diluted Shares Outstanding 105.2M shares 105.2M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $289.4M $306.3M
YoY Change -12.14% -15.5%
Cash & Equivalents $289.4M $306.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $395.8M $410.9M
YoY Change -3.19% -5.6%
LONG-TERM ASSETS
Property, Plant & Equipment $36.48M $37.16M
YoY Change -4.85% -4.49%
Goodwill $61.08M $61.08M
YoY Change 0.0% 0.0%
Intangibles $6.400M $7.200M
YoY Change -33.33% -33.94%
Long-Term Investments $18.30M $19.80M
YoY Change -33.21% -30.04%
Other Assets $252.0M $222.9M
YoY Change 44.83% 34.98%
Total Long-Term Assets $10.68B $10.46B
YoY Change 14.51% 17.88%
TOTAL ASSETS
Total Short-Term Assets $395.8M $410.9M
Total Long-Term Assets $10.68B $10.46B
Total Assets $11.08B $10.87B
YoY Change 13.77% 16.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $266.6M $268.0M
YoY Change 70.28% 71.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $302.6M $304.0M
YoY Change 35.54% 58.61%
LONG-TERM LIABILITIES
Long-Term Debt $8.891B $8.686B
YoY Change 17.48% 22.31%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $8.891B $8.686B
YoY Change 17.48% 22.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $302.6M $304.0M
Total Long-Term Liabilities $8.891B $8.686B
Total Liabilities $9.194B $8.990B
YoY Change 18.0% 23.27%
SHAREHOLDERS EQUITY
Retained Earnings -$1.844B -$1.840B
YoY Change 4.68% 8.86%
Common Stock $1.021M $1.021M
YoY Change 0.2% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.883B $1.884B
YoY Change
Total Liabilities & Shareholders Equity $11.08B $10.87B
YoY Change 13.77% 16.78%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $41.95M $23.21M
YoY Change -261.78% -68.11%
Depreciation, Depletion And Amortization $800.0K $800.0K
YoY Change -38.46% -38.46%
Cash From Operating Activities $46.48M $53.47M
YoY Change -40.25% -522.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$181.3M -$83.50M
YoY Change -67.14% -40.63%
Cash From Investing Activities -$181.3M -$91.40M
YoY Change -67.05% -35.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 147.0M $78.90M
YoY Change -67.19% -58.1%
NET CHANGE
Cash From Operating Activities 46.48M $53.47M
Cash From Investing Activities -181.3M -$91.40M
Cash From Financing Activities 147.0M $78.90M
Net Change In Cash 12.26M $40.96M
YoY Change -150.66% 22.24%
FREE CASH FLOW
Cash From Operating Activities $46.48M $53.47M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2024Q1 mfa Proceeds From Securities Sold Under Agreements To Repurchase With Mark To Market Collateral Provisions
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions
438616000 usd
CY2023Q1 mfa Proceeds From Securities Sold Under Agreements To Repurchase With Mark To Market Collateral Provisions
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions
640498000 usd
CY2024Q1 mfa Principal Payments On Financing Agreements With Non Mark To Market Collateral Provisions
PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions
576135000 usd
CY2023Q1 mfa Principal Payments On Financing Agreements With Non Mark To Market Collateral Provisions
PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions
415443000 usd
CY2024Q1 mfa Proceeds From Securities Sold Under Agreements To Repurchase With Non Mark To Market Collateral Provisions
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithNonMarkToMarketCollateralProvisions
482499000 usd
CY2023Q1 mfa Proceeds From Securities Sold Under Agreements To Repurchase With Non Mark To Market Collateral Provisions
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithNonMarkToMarketCollateralProvisions
778400000 usd
CY2024Q1 mfa Payments Made For Securitization Related Cost
PaymentsMadeForSecuritizationRelatedCost
1340000 usd
CY2023Q1 mfa Payments Made For Securitization Related Cost
PaymentsMadeForSecuritizationRelatedCost
4602000 usd
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
39831000 usd
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
110626000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-20000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1491000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2024Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8219000 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8219000 usd
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35789000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35769000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
78895000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
188278000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40960000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33508000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488211000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
494081000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
529171000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
527589000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
122746000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
87057000 usd
CY2024Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
19342000 usd
CY2023Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
20925000 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
36015000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
35756000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization <div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">MFA Financial, Inc. (the “Company”) was incorporated in Maryland on July 24, 1997 and began operations on April 10, 1998.  The Company has elected to be treated as a real estate investment trust (“REIT”) for U.S. federal income tax purposes.  In order to maintain its qualification as a REIT, the Company must comply with a number of requirements under federal tax law, including that it must distribute at least 90% of its annual REIT taxable income to its stockholders.  The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”). In general, a TRS may hold assets and engage in activities that the Company cannot hold or engage in directly and generally may engage in any real estate or non-real estate related business (see Note 8).</span></div>
CY2023Q4 mfa Loans Including Fair Value Loans Credit Impaired Loans And Other Loans At Carrying Value
LoansIncludingFairValueLoansCreditImpairedLoansAndOtherLoansAtCarryingValue
9000000000 usd
CY2024Q1 mfa Number Of Days Considered To Classify Loans Delinquent
NumberOfDaysConsideredToClassifyLoansDelinquent
P60D
CY2024Q1 mfa Financing Receivable Weighted Average Loan To Value Ratio
FinancingReceivableWeightedAverageLoanToValueRatio
0.80
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
306300000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
318000000 usd
CY2024Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
152600000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
151300000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
222900000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
170200000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7200000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8000000 usd
CY2024Q1 mfa Commitment Period
CommitmentPeriod
P10Y
CY2024Q1 mfa Loans Including Fair Value Loans Credit Impaired Loans And Other Loans At Carrying Value
LoansIncludingFairValueLoansCreditImpairedLoansAndOtherLoansAtCarryingValue
9100000000 usd
CY2024Q1 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
19612000 usd
CY2023Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
20451000 usd
CY2024Q1 mfa Mortgage Loans On Real Estate Residential
MortgageLoansOnRealEstateResidential
9118665000 usd
CY2023Q4 mfa Mortgage Loans On Real Estate Residential
MortgageLoansOnRealEstateResidential
9041292000 usd
CY2024Q1 mfa Residential Whole Loans
ResidentialWholeLoans
25709 loan
CY2023Q4 mfa Residential Whole Loans
ResidentialWholeLoans
25401 loan
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
20451000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-460000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
379000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19612000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35314000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
315000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2567000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
33062000 usd
CY2024Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
3300000 usd
CY2024Q1 mfa Financing Receivable Modified In Period Number
FinancingReceivableModifiedInPeriodNumber
1 loan
CY2024Q1 us-gaap Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
P29M
CY2024Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
100000 usd
CY2023 mfa Financing Receivable Modified In Period Number
FinancingReceivableModifiedInPeriodNumber
5 loan
CY2023 us-gaap Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
P24M
CY2024Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
600000 usd
CY2024Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
0 usd
CY2024Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
0 usd
CY2024Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
0 usd
CY2024Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
51752000 usd
CY2024Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
197803000 usd
CY2024Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1234815000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1484370000 usd
CY2024Q1 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2024Q1 mfa Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff Reversals
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoffReversals
-59000 usd
CY2024Q1 us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
438000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
379000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-4112000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2931000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 usd
CY2024Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2023Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2024Q1 mfa Impairment And Other Net Loss Gain On Securities
ImpairmentAndOtherNetLossGainOnSecurities
4112000 usd
CY2023Q1 mfa Impairment And Other Net Loss Gain On Securities
ImpairmentAndOtherNetLossGainOnSecurities
-2931000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-664000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 usd
CY2024Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2023Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2024Q1 mfa Impairment And Other Losses Gains On Securities Available For Sale And Other Assets
ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets
4776000 usd
CY2023Q1 mfa Impairment And Other Losses Gains On Securities Available For Sale And Other Assets
ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets
-2931000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
17698000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
21341000 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1828000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1116000 usd
CY2024Q1 mfa Other Comprehensive Income Loss Available For Sale Securities Adjustment Excluding Cumulative Effect Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentExcludingCumulativeEffectNetOfTaxPortionAttributableToParent
1828000 usd
CY2023Q1 mfa Other Comprehensive Income Loss Available For Sale Securities Adjustment Excluding Cumulative Effect Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentExcludingCumulativeEffectNetOfTaxPortionAttributableToParent
-1116000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
19526000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
20225000 usd
CY2024Q1 us-gaap Real Estate Investments
RealEstateInvestments
106185000 usd
CY2023Q4 us-gaap Real Estate Investments
RealEstateInvestments
110174000 usd
CY2024Q1 mfa Commercial Real Estate Owned
CommercialRealEstateOwned
22194000 usd
CY2023Q4 mfa Commercial Real Estate Owned
CommercialRealEstateOwned
22717000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
61076000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
61076000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7200000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8000000 usd
CY2024Q1 mfa Capital Contributions To Loan Origination Partners
CapitalContributionsToLoanOriginationPartners
19780000 usd
CY2023Q4 mfa Capital Contributions To Loan Origination Partners
CapitalContributionsToLoanOriginationPartners
19780000 usd
CY2024Q1 mfa Commercial Loans Receivable
CommercialLoansReceivable
45793000 usd
CY2023Q4 mfa Commercial Loans Receivable
CommercialLoansReceivable
51426000 usd
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
104636000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
98924000 usd
CY2024Q1 mfa Principal Receivable Advances Suspense Accounts And Other
PrincipalReceivableAdvancesSuspenseAccountsAndOther
17891000 usd
CY2023Q4 mfa Principal Receivable Advances Suspense Accounts And Other
PrincipalReceivableAdvancesSuspenseAccountsAndOther
24084000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
37158000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
37819000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
67431000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
63097000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
489344000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
497097000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20000000 usd
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.075
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
288 property
CY2024Q1 us-gaap Real Estate Investments
RealEstateInvestments
106200000 usd
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
300 property
CY2023Q4 us-gaap Real Estate Investments
RealEstateInvestments
110200000 usd
CY2024Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
106100000 usd
CY2023Q4 us-gaap Real Estate Investments
RealEstateInvestments
110174000 usd
CY2022Q4 us-gaap Real Estate Investments
RealEstateInvestments
130605000 usd
CY2024Q1 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
1267000 usd
CY2023Q1 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
1052000 usd
CY2024Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
19342000 usd
CY2023Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
20925000 usd
CY2024Q1 mfa Real Estate Investments Additions
RealEstateInvestmentsAdditions
151000 usd
CY2023Q1 mfa Real Estate Investments Additions
RealEstateInvestmentsAdditions
137000 usd
CY2024Q1 mfa Real Estate Investments Disposals
RealEstateInvestmentsDisposals
22215000 usd
CY2023Q1 mfa Real Estate Investments Disposals
RealEstateInvestmentsDisposals
29400000 usd
CY2024Q1 us-gaap Real Estate Investments
RealEstateInvestments
106185000 usd
CY2023Q1 us-gaap Real Estate Investments
RealEstateInvestments
121215000 usd
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
288 property
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
362 property
CY2024Q1 mfa Gain Loss Recorded On Transfer From Residential Whole Loans To Real Estate Owned
GainLossRecordedOnTransferFromResidentialWholeLoansToRealEstateOwned
-1100000 usd
CY2023Q1 mfa Gain Loss Recorded On Transfer From Residential Whole Loans To Real Estate Owned
GainLossRecordedOnTransferFromResidentialWholeLoansToRealEstateOwned
41000 usd
CY2024Q1 mfa Number Of Real Estate Properties Sold During Period
NumberOfRealEstatePropertiesSoldDuringPeriod
73 property
CY2023Q1 mfa Number Of Real Estate Properties Sold During Period
NumberOfRealEstatePropertiesSoldDuringPeriod
93 property
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
24200000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
33800000 usd
CY2024Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
2000000 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
5000000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
19800000 usd
CY2024Q1 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P36M
CY2024Q1 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P116M
CY2024Q1 mfa Derivatives Income On Swap Variable Receive Leg
DerivativesIncomeOnSwapVariableReceiveLeg
44177000 usd
CY2023Q1 mfa Derivatives Income On Swap Variable Receive Leg
DerivativesIncomeOnSwapVariableReceiveLeg
33851000 usd
CY2024Q1 mfa Expense On Swap Fixed Pay Leg
ExpenseOnSwapFixedPayLeg
15086000 usd
CY2023Q1 mfa Expense On Swap Fixed Pay Leg
ExpenseOnSwapFixedPayLeg
12034000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
23182000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-40747000 usd
CY2024Q1 mfa Derivatives Price Alignment Expense On Margin Collateral Received
DerivativesPriceAlignmentExpenseOnMarginCollateralReceived
2332000 usd
CY2023Q1 mfa Derivatives Price Alignment Expense On Margin Collateral Received
DerivativesPriceAlignmentExpenseOnMarginCollateralReceived
2278000 usd
CY2024Q1 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
49941000 usd
CY2023Q1 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
-21208000 usd
CY2024Q1 mfa Financing Agreements Unpaid Principal Balance
FinancingAgreementsUnpaidPrincipalBalance
8813253000 usd
CY2024Q1 mfa Financing Agreements Fair Value And Carrying Value
FinancingAgreementsFairValueAndCarryingValue
8685916000 usd
CY2024Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0452
CY2023Q4 mfa Financing Agreements Unpaid Principal Balance
FinancingAgreementsUnpaidPrincipalBalance
8683152000 usd
CY2023Q4 mfa Financing Agreements Fair Value And Carrying Value
FinancingAgreementsFairValueAndCarryingValue
8536745000 usd
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0433
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
122177000 usd
CY2024Q1 us-gaap Other Liabilities
OtherLiabilities
304027000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
336030000 usd
CY2024Q1 mfa Repurchase Agreements Number Of Counterparties
RepurchaseAgreementsNumberOfCounterparties
14 counterparty
CY2023Q4 mfa Repurchase Agreements Number Of Counterparties
RepurchaseAgreementsNumberOfCounterparties
14 counterparty
CY2024Q1 mfa Repurchase Agreement Counterparty Risk As Percentage Of Stockholders Equity
RepurchaseAgreementCounterpartyRiskAsPercentageOfStockholdersEquity
0.05
CY2024Q1 mfa Payable For Purchase Of Unsettled Securities
PayableForPurchaseOfUnsettledSecurities
0 usd
CY2023Q4 mfa Payable For Purchase Of Unsettled Securities
PayableForPurchaseOfUnsettledSecurities
103654000 usd
CY2024Q1 mfa Dividends And Dividend Equivalents Payable
DividendsAndDividendEquivalentsPayable
36015000 usd
CY2023Q4 mfa Dividends And Dividend Equivalents Payable
DividendsAndDividendEquivalentsPayable
35789000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
42873000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
43576000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
36187000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
30834000 usd
CY2024Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
188952000 usd
CY2024Q1 mfa Real Estate Investment Trusts Reit Taxable Income Distribution Objective Percent
RealEstateInvestmentTrustsREITTaxableIncomeDistributionObjectivePercent
1
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