Name | Value |
---|---|
Revenues | 114.0M |
Cost of Revenue | -166.3M |
Gross Profit | 280.3M |
Operating Expense | 12.6M |
Operating I/L | 89.7M |
Other Income/Expense | 74.5M |
Interest Income | 169.9M |
Pretax | 89.7M |
Income Tax Expense | -0.8M |
Net Income/Loss | 89.7M |
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.