MFA Financial Notches Convincing Third-Quarter Earnings Beat; New Share Buybacks Launched

MFA Financial (NYSE: MFA), a prominent mortgage real estate investment trust (mREIT), delivered third-quarter results Thursday demonstrating a continued recovery in its business.

For the quarter, the company earned net interest income of just under $10.2 million, well down from the year-ago figure of $56.9 million.

Net profit enjoyed a softer landing, coming in at just under $79 million ($0.17 per share) from the year-ago result of $91.8 million. Still, that easily topped the average analyst estimate of $0.06 per share. Total assets stood at just under $7.57 billion, against the year-ago tally of $13.57 billion. GAAP book value per share was $4.61 versus $7.09 a year ago.

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Source Fool.com