Financial Highlights - GAAP Book Value is $13.13 per common share, while Economic Book Value is $13.69 per common share[4] - GAAP Net Income is $0.36 per common share, and Distributable Earnings is $0.20 per common share[4] - Quarterly Dividend is $0.36 per common share, resulting in a Dividend Yield of 15.8%[4] Portfolio Activity - Acquired $453 million of Non-QM loans in Q3[4, 9] - Acquired $473 million of Agency MBS in Q3[4, 9] - Lima One originated $260 million of Business Purpose Loans in Q3[4, 9] - Investment portfolio grew by over $400 million to $11.2 billion[9] Loan Portfolio - Non-QM Loans portfolio is $5.1 billion[8] - Agency MBS portfolio is $2.2 billion[8] - Single-family Rental Loans portfolio is $1.2 billion[8] - Legacy RPL/NPL portfolio is $1.0 billion[8] - The portfolio 60+ day delinquency rate declined to 6.8%[6, 9, 26] Liability Highlights - Overall leverage rose to 5.5x and recourse leverage rose to 1.9x[11] - 92% of Non-QM portfolio is securitized[13]
MFA Financial(MFA) - 2025 Q3 - Earnings Call Presentation