Name | Value |
---|---|
Revenues | 214.5M |
Cost of Revenue | 9.5M |
Gross Profit | 205.0M |
Operating Expense | 10.8M |
Operating I/L | 172.7M |
Other Income/Expense | 1.1M |
Interest Income | 186.8M |
Pretax | 42.3M |
Income Tax Expense | 0.3M |
Net Income/Loss | 41.9M |
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 investment portfolio includes non-agency mortgage-backed securities (MBS), agency MBS, credit risk transfer securities, and residential whole loans. Additionally, it acquires 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. Through these investments and tax structure, the company generates revenue and profits.