MFA Financial Q2 Profit Rises, Tops Estimates - Quick Facts

(RTTNews) - New York-based REIT MFA Financial, Inc. (MFA) Monday reported second-quarter earnings which increased, as higher gains on mortgage-backed securities sales helped offset a decline in interest income. Earnings also beat analysts' estimate by a penny.

For the 3-month period, net earnings increased to $74.87 million or $0.20 per share, from $67.32 million or $0.19 per share a year earlier.

On average, eleven analysts polled by Thomson-Reuters estimated the company's earnings to be $0.19 for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income increased to $78.07 million, from $82.19 million last year, below the $84.24 million Wall Street expected.