MFA Financial, Inc. (NYSE:MFA) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET

Company Participants

Hal Schwartz - Senior Vice President-General Counsel & Secretary
Craig Knutson - Chief Executive Officer
Mike Roper - Chief Financial Officer
Bryan Wulfsohn - President & Chief Investment Officer

Conference Call Participants

Doug Harter - UBS
Eric Hagen - BTIG
Bose George - KBW

Operator

And ladies and gentlemen, thank you for standing by. Welcome to the MFA Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, today’s conference is being recorded.

I would now like to turn the conference over to our first speaker, Mr. Hal Schwartz. Please go ahead.

Hal Schwartz

Thank you, operator, and good morning, everyone. The information discussed on this conference call today may contain or refer to forward-looking statements regarding MFA Financial Inc., which reflect management’s beliefs, expectations, and assumptions as to MFA’s future performance and operations. When used, statements that are not historical in nature, including those containing words such as, will, believe, expect, anticipate, estimate, should, could, would, or similar expressions are intended to identify forward-looking statements.

All forward-looking statements speak only as of the date on, which they are made. These types of statements are subject to various known and unknown risks, uncertainties, assumptions, and other factors, including those described in MFA’s annual report on Form 10-K for the year ended December 31, 2023, and other reports that it may file from time-to-time with the Securities and Exchange Commission.

These risks, uncertainties, and other factors could cause MFA’s actual results to differ materially from those projected, expressed, or implied in any forward-looking statements it makes. For additional information regarding MFA’s use of forward-looking statements, please see the relevant disclosure in the press release announcing MFA’s third quarter 2024 financial results.

Thank you for your time. I would now like to turn this call over to MFA’s CEO, Craig Knutson.

Craig Knutson

Thank you, Hal. Good morning, everyone, and thank you for joining us for MFA Financial's third quarter 2024 earnings call. With me today are Bryan Wulfsohn, our President and Chief Investment Officer; Mike Roper, our CFO; and other members of our senior management team.

I'll begin with a high-level review of the third quarter market environment, touch on some of our results, activities and opportunities, and then I'll turn the call over to Mike to review our financials in more detail, followed by Bryan who will review the portfolio, financing Lima One and risk management before we open up the call for questions.