(Corrects net interest income figure to $61.3 mln, from $41.56

bln, in Key Details table)

Overview

* MFA Q2 GAAP net income $22.6 mln, $0.22 per basic share

* Distributable earnings $24.7 mln, impacted by credit

losses

* Residential investment portfolio grew to $10.8 bln, with

$876

mln in acquisitions

Result Drivers

* PORTFOLIO EXPANSION - MFA grew its investment portfolio to

$10.8

bln, acquiring $876 mln in residential loans and securities

* CREDIT LOSSES - Distributable earnings impacted by credit

losses

on business purpose loans, per CEO Craig Knutson

* INTEREST SPREAD - Net interest spread rose to 1.98%, and

net

interest margin increased to 2.73%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.21

Q2 $24.70

Adjusted mln

Net

Income

Q2 Net $22.60

Income mln

Q2 Net $61.3

Interest mln

Income

Q2 $0.36

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold"

and

the breakdown of recommendations is 2 "strong buy" or "buy", 5

"hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized

reits

peer group is "buy."

* Wall Street's median 12-month price target for MFA

Financial Inc ( MFA/PB )

is $10.00, about 8.3% above its August 5 closing price of $9.17

* The stock recently traded at 7 times the next 12-month

earnings

vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)