Name | Value |
---|---|
Revenues | 105.5M |
Cost of Revenue | 9.8M |
Gross Profit | 95.7M |
Operating Expense | 10.6M |
Operating I/L | -56.4M |
Other Income/Expense | -109.4M |
Interest Income | 159.2M |
Pretax | -56.4M |
Income Tax Expense | -0.8M |
Net Income/Loss | -56.4M |
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. Its primary revenue streams come from the returns generated by its residential mortgage asset investments and mortgage servicing rights.