Name | Value |
---|---|
Revenues | 237.0M |
Cost of Revenue | 7.8M |
Gross Profit | 229.2M |
Operating Expense | 77.3M |
Operating I/L | 151.9M |
Other Income/Expense | -0.5M |
Interest Income | 176.8M |
Pretax | 23.2M |
Income Tax Expense | 0.2M |
Net Income/Loss | 23.2M |
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.