MFA FINANCIAL, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
| MFA FINANCIAL, INC.CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| (In Thousands Except Per Share Amounts) | September 30,2025 | December 31,2024 |
| (Unaudited) | ||
| Assets: | ||
| Residential whole loans, net ($7,684,865 and $7,511,210 held at fair value, respectively) (1)(2) | $8,813,834 | $8,811,224 |
| Securities, at fair value (2) | 2,259,657 | 1,537,513 |
| Cash and cash equivalents | 305,172 | 338,931 |
| Restricted cash | 231,797 | 262,381 |
| Other assets (2) | 487,021 | 459,555 |
| Total Assets | $12,097,481 | $11,409,604 |
| Liabilities: | ||
| Financing agreements ($5,952,579 and $5,516,005 held at fair value, respectively) | $9,841,991 | $9,155,461 |
| Other liabilities | 433,979 | 412,351 |
| Total Liabilities | $10,275,970 | $9,567,812 |
| Commitments and contingencies (See Note 9) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.01 par value; 7.5% Series B cumulative redeemable; 12,050 and 8,050 shares authorized, respectively; 8,072 and 8,000 shares issued and outstanding, respectively ($201,802 and $200,000 aggregate liquidation preference, respectively) | $81 | $80 |
| Preferred stock, $0.01 par value; 6.5% Series C fixed-to-floating rate cumulative redeemable; 16,650 and 12,650 shares authorized, respectively; 11,123 and 11,000 shares issued and outstanding, respectively ($278,064 and $275,000 aggregate liquidation preference, respectively) | 111 | 110 |
| Common stock, $0.01 par value; 866,300 and 874,300 shares authorized, respectively; 102,196 and 102,083 shares issued and outstanding, respectively | 1,022 | 1,021 |
| Additional paid-in capital, in excess of par | 3,716,912 | 3,711,046 |
| Accumulated deficit | (1,900,942) | (1,879,941) |
| Accumulated other comprehensive income | 4,327 | 9,476 |
| Total Stockholders’ Equity | $1,821,511 | $1,841,792 |
| Total Liabilities and Stockholders’ Equity | $12,097,481 | $11,409,604 |
(1)Includes approximately $7.6 billion and $6.9 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 30, 2025 and December 31, 2024, respectively. Such assets can be used only to settle the obligations of each respective VIE.
(2)See Note 6 for information regarding the Company’s pledged assets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.