Wednesday, MFA Mortgage Investments, Inc. (MFA), a New York-based real estate investment trust, said second quarter profit soared 405% from the year-ago period, helped by higher interest income from investment securities.
Second quarter net income surged to $33.0 million or $0.20 per share from $8.14 million or $0.10 per share reported in the previous year.
Net income, excluding items not affecting distributable income, was $37.02 million or $0.22 per share for the quarter. On average, 9 analysts polled by First Call/Thomson Financial expected earnings of $0.23 per share for the second quarter.
Net interest income more than tripled to $44.03 million from $12.68 million. Income from investment securities increased to $118.5 million from $90.39 million. The Street estimated revenues of $39.41 million for the quarter.
Year-to-date, the company reported a net loss of $54.99 million or $0.35 per share, compared to net income of $15.95 million or $0.20 per share in the same period last year. Net interest income increased to $78.66 million from $25.21 million for the period.
MFA is currently trading at $6.36, down $0.06 or 0.93%, on 1.01 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.