Name | Value |
---|---|
Revenues | 8.6M |
Cost of Revenue | 7.6M |
Gross Profit | 1.0M |
Operating Expense | -34.3M |
Operating I/L | -34.3M |
Other Income/Expense | -26.3M |
Interest Income | 144.3M |
Pretax | -25.9M |
Income Tax Expense | -1.3M |
Net Income/Loss | -25.9M |
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.