MFA Financial, Inc. — Third Quarter 2026 Earnings Summary

MFA Financial, Inc. reported a GAAP net loss of $122.4 million, or $1.19 per share, for the third quarter of 2026, driven by significant unrealized losses on residential whole loans and securities. Despite the GAAP loss, the company generated $26.4 million in distributable earnings, or $0.26 per share, while its economic book value stood at $11.44 per common share. During the quarter, MFA acquired $1.6 billion in assets, including $480.5 million in Non-QM loans, and reduced its legacy multifamily exposure while maintaining $119.5 million in unrestricted cash. The company also announced a succession plan where CEO Craig Knutson will retire in June 2027, with President Bryan Wulfsohn set to assume the CEO role in July 2027.