Name | Value |
---|---|
Revenues | 31.3M |
Cost of Revenue | 195.9M |
Gross Profit | -164.5M |
Operating Expense | 34.0M |
Operating I/L | -5.9M |
Other Income/Expense | 12.6M |
Interest Income | 142.9M |
Pretax | 6.7M |
Income Tax Expense | 3.9M |
Net Income/Loss | 2.8M |
MFA Financial, Inc. is a real estate investment trust (REIT) that focuses on investing in residential mortgage assets in the United States. The company's portfolio includes non-agency mortgage-backed securities (MBS), agency MBS, credit risk transfer securities, and residential whole loans. Additionally, it invests in mortgage servicing rights related assets. By electing to be taxed as a REIT and distributing at least 90% of its taxable income to stockholders, MFA Financial, Inc. avoids federal income taxes. This business model allows the company to generate revenue through the management and investment of residential mortgage assets.