Declared Dividend • Jun 15
First quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th June 2026 Payment date: 31st July 2026 Dividend yield will be 16%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (164% earnings payout ratio) nor is it adequately covered by cash flows (90.4% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 82% to bring the payout ratio under control. EPS is expected to grow by 89% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 13
Mfa Financial, Inc. Announces Quarterly Cash Dividend, Payable on July 31, 2026 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock. The dividend will be paid on July 31, 2026, to common stockholders of record on June 30, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Chris Small was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
MFA Financial, Inc., Annual General Meeting, Jun 03, 2026 MFA Financial, Inc., Annual General Meeting, Jun 03, 2026. Announcement • Apr 15
MFA Financial, Inc. to Report Q1, 2026 Results on May 05, 2026 MFA Financial, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 05, 2026 Announcement • Mar 06
MFA Financial, Inc. announces Quarterly dividend, payable on April 30, 2026 MFA Financial, Inc. announced Quarterly dividend of USD 0.3600 per share payable on April 30, 2026, ex-date on March 31, 2026 and record date on March 31, 2026. Announcement • Feb 18
MFA Financial, Inc. (NYSE:MFA) announces an Equity Buyback for $200 million worth of its shares. MFA Financial, Inc. (NYSE:MFA) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common stock. The program will run through the end of 2028. Announcement • Jan 21
MFA Financial, Inc. to Report Q4, 2025 Results on Feb 18, 2026 MFA Financial, Inc. announced that they will report Q4, 2025 results on Feb 18, 2026 Announcement • Dec 12
MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 30, 2026 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock. The dividend will be paid on January 30, 2026, to common stockholders of record on December 31, 2025. Announcement • Oct 08
MFA Financial, Inc. to Report Q3, 2025 Results on Nov 06, 2025 MFA Financial, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Announcement • Sep 12
MFA Financial, Inc. Announces Quarterly Dividend, Payable on October 31, 2025 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock. The dividend will be paid on October 31, 2025, to common stockholders of record on September 30, 2025. Announcement • Jul 10
MFA Financial, Inc. to Report Q2, 2025 Results on Aug 06, 2025 MFA Financial, Inc. announced that they will report Q2, 2025 results on Aug 06, 2025 Announcement • Jun 12
MFA Financial, Inc Declares Regular Quarterly Cash Dividend, Payable on July 31, 2025 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock. The dividend will be paid on July 31, 2025, to common stockholders of record on June 30, 2025. Announcement • Apr 21
MFA Financial, Inc., Annual General Meeting, Jun 03, 2025 MFA Financial, Inc., Annual General Meeting, Jun 03, 2025. Announcement • Apr 17
MFA Financial, Inc. to Report Q1, 2025 Results on May 06, 2025 MFA Financial, Inc. announced that they will report Q1, 2025 results on May 06, 2025 Announcement • Mar 06
MFA Financial, Inc. Announces Quarterly Dividend, Payable on April 30, 2025 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock, an increase from the prior quarter’s dividend of $0.35 per share. The dividend will be paid on April 30, 2025, to common stockholders of record on March 31, 2025. Announcement • Mar 04
MFA Financial, Inc. Elects Christopher Small to Board of Directors and Audit Committee and Compensation Committee of the Board MFA Financial, Inc. announced that its Board of Directors has elected Christopher Small to its Board effective immediately. Mr. Small, 47, has, since October 2022, served as Chief Executive Officer of Black Owl Managing, LLC, a family investment office. From 2010 to 2022 Mr. Small worked in investment banking at Wells Fargo Securities, where he served in various roles of increasing responsibility, including most recently as Managing Director and Head of Diversified Financials for FIG Corporate and Investment Banking from 2019 to 2022 and Managing Director and Head of Financial Institutions Group Investment Banking from 2018 to 2019. While at Wells Fargo, Mr. Small had coverage responsibilities for several companies across the mortgage finance industry, including mortgage REITs, origination platforms and mortgage servicers. Prior to his tenure at Wells Fargo, Mr. Small served as an investment professional at American Capital Ltd., an alternative investment platform, from 2007 to 2009. Mr. Small began his career in investment banking at JMP Securities LLC, where he worked from 2003 to 2007. Mr. Small received an A.B. degree from Princeton University. In connection with his election to the Board, Mr. Small will also serve on the Audit Committee and Compensation Committee of the Board. Announcement • Dec 14
MFA Financial, Inc. Announces the Demise of Independent Board Member Francis J. Oelerich III MFA Financial, Inc. Chief Executive Officer Craig Knutson announced the passing of MFA independent Board member Francis J. Oelerich III: Among Mr. Oelerich’s various Board duty assignments, he most recently served as Chair of the Audit Committee of the MFA Board, and he was also a member of the Compensation Committee of the Board. Mr. Oelerich enjoyed a long career in investment banking and was most recently a Managing Director of XMS Capital Partners, a global, independent financial services firm providing investment banking, asset management and merchant banking services. Prior thereto, Mr. Oelerich had a long tenure as a Managing Director in the Mergers & Acquisitions Department of Deutsche Bank Securities, Inc.Mr. Oelerich also worked in investment banking for Morgan Stanley & Co. Incorporated for almost 25 years, rising to the level of Managing Director. Mr. Oelerich received an M.B.A. from Harvard University, where he was elected a George F. Baker Scholar and named a Loeb, Rhoades Fellow, and a B.B.A. (with high honors) from the University of Notre Dame. Announcement • Dec 12
MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2025 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on January 31, 2025, to common stockholders of record on December 31, 2024. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.38 (vs US$0.64 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.38 (up from US$0.64 loss in 3Q 2023). Net income: US$40.0m (up US$104.7m from 3Q 2023). Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 30%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
MFA Financial, Inc. to Report Q3, 2024 Results on Nov 06, 2024 MFA Financial, Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Declared Dividend • Sep 16
Second quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 27th September 2024 Payment date: 31st October 2024 Dividend yield will be 11%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (220% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 145% to bring the payout ratio under control. EPS is expected to grow by 128% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 13
MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 31, 2024 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on October 31, 2024, to common stockholders of record on September 27, 2024. Announcement • Aug 22
MFA Financial, Inc. Announces Executive Changes MFA Financial, Inc. announced that Bryan Wulfsohn, MFA’s Co-Chief Investment Officer, will assume the additional role of President of the Company effective September 3, 2024. Mr. Wulfsohn is a 14-year veteran of MFA with extensive experience managing the selection, oversight and funding of the Company’s investment portfolio. He will assume the role of President from Craig L. Knutson, the Company’s Chief Executive Officer, who will remain in such role. The Company also named Lori Samuels as MFA’s Chief Loan Operations Officer, where she will be responsible for overseeing MFA’s asset management, underwriting, contract finance and other loan-related operations. Ms. Samuels has worked at MFA since 2010, where she most recently served as Senior Vice President with responsibility for various loan operations. Mr. Wulfsohn joined MFA in 2010 and has served as a Senior Vice President since 2015 and Co-Chief Investment Officer since 2019. Prior to MFA, Mr. Wulfsohn was a Senior Financial Analyst at Inland Western Real Estate Trust, Inc., where he focused on corporate strategy. From 2005 to 2007, Mr. Wulfsohn was an associate at CBA Commercial, LLC, an acquirer and securitizer of small balance commercial mortgages where he worked in the capital markets group. Ms. Samuels has held various asset management positions since her joining MFA in 2010, and she has been a Senior Vice President of the Company since 2016. Ms. Samuels began her career at Fitch Ratings, Inc. focusing on residential credit, and her experience also includes working at BNY Mellon. In conjunction with today’s announcement, MFA also announced that Gudmundur Kristjansson will be stepping down from his roles as Senior Vice President and Co-Chief Investment Officer and leaving the Company, effective November 22, 2024. Upon Mr. Kristjansson’s departure, Mr. Wulfsohn will serve as sole Chief Investment Officer of the Company. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.34 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.33 (up from US$0.34 loss in 2Q 2023). Revenue: US$84.4m (up US$73.5m from 2Q 2023). Net income: US$33.7m (up US$68.0m from 2Q 2023). Profit margin: 40% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 43% growth forecast for the Global Mortgage REITs industry. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jul 17
MFA Financial, Inc. to Report Q2, 2024 Results on Aug 08, 2024 MFA Financial, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Declared Dividend • Jun 17
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 28th June 2024 Payment date: 31st July 2024 Dividend yield will be 13%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 23
MFA Financial, Inc., Annual General Meeting, Jun 04, 2024 MFA Financial, Inc., Annual General Meeting, Jun 04, 2024, at 14:00 US Eastern Standard Time. Agenda: To consider and vote on the election of the three (3) nominees named in the proxy statement to serve on MFA’s Board of Directors (the “Board”) until our 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualify; to consider and vote upon the ratification of the appointment of KPMG LLP as MFA’s independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider and vote upon an advisory (non-binding) resolution to approve MFA’s executive compensation as disclosed in the proxy statement; and to consider to transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 30 April 2024. Trailing yield: 12%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (12%). Declared Dividend • Mar 11
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 27th March 2024 Payment date: 30th April 2024 Dividend yield will be 13%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (303% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 236% to bring the payout ratio under control. EPS is expected to grow by 149% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 08
MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on April 30, 2024 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on April 30, 2024, to common stockholders of record on March 28, 2024. Announcement • Mar 01
MFA Financial, Inc. has filed a Follow-on Equity Offering in the amount of $300 million. MFA Financial, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Stock
Security Type: Common Stock
Security Features: Income Trust
Transaction Features: At the Market Offering Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$0.46 (vs US$2.57 loss in FY 2022) Full year 2023 results: EPS: US$0.46 (up from US$2.57 loss in FY 2022). Net income: US$47.3m (up US$312.4m from FY 2022). Revenue is expected to decline by 4.3% p.a. on average during the next 2 years, while revenues in the Global Mortgage REITs industry are expected to grow by 36%. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 117% Earnings have declined by 13% per year over the past 5 years. Announcement • Jan 25
MFA Financial, Inc. to Report Q4, 2023 Results on Feb 22, 2024 MFA Financial, Inc. announced that they will report Q4, 2023 results on Feb 22, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.35 per share at 12% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 31 January 2024. Trailing yield: 12%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (11%). Announcement • Dec 15
MFA Financial, Inc. Announces Appointment of Bryan Doran as Chief Accounting Officer MFA Financial, Inc. announced that it has appointed Bryan Doran to the position of Chief Accounting Officer. In his new role, Mr. Doran will work closely with MFA’s Chief Financial Officer, Michael Roper, to help oversee financial reporting and other accounting matters at the company. Mr. Doran, 43, has over 20 years of experience in the real estate industry, and joins MFA from Ernst & Young LLP where he was an audit partner in the Real Estate, Hospitality & Construction practice. While at Ernst & Young, Mr. Doran served as the coordinating audit partner on several publicly traded residential and commercial mortgage REITs, as well as equity REITs investing in a variety of real estate asset classes. Mr. Doran is a Certified Public Accountant in New York and Virginia and is a member of the American Institute of Certified Public Accountants. Announcement • Dec 14
MFA Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2024 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on January 31, 2024, to common stockholders of record on December 29, 2023. Announcement • Oct 12
MFA Financial, Inc. to Report Q3, 2023 Results on Nov 07, 2023 MFA Financial, Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Announcement • Sep 21
Mfa Financial, Inc. Declares Regular Quarterly Cash Dividend on Common Stock, Payable on October 31, 2023 MFA Financial, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on October 31, 2023, to common stockholders of record on October 2, 2023. Announcement • Sep 12
MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Financial Officer MFA Financial, Inc. announced that its Board of Directors has appointed Michael C. Roper as Chief Financial Officer effective at the close of business on September 15, 2023. Mr. Roper succeeds Stephen D. Yarad, who is resigning as MFA’s Chief Financial Officer to become chief financial officer of another company. Mr. Roper, 36, who has held various accounting and financial reporting-related positions since joining MFA in 2014, has been Senior Vice President of MFA since January 2019 and Chief Accounting Officer of MFA since December 2021, and he will continue in these roles. Prior to joining MFA, Mr. Roper was the Assistant Controller for Apollo Residential Mortgage, Inc. Mr. Roper began his career at Ernst & Young LLP primarily focusing on providing client services to publicly traded mortgage REITs. Mr. Roper is a Certified Public Accountant and holds a B.S. from Bentley University and an M.S. from Pace University. Announcement • Jul 21
MFA Financial, Inc. to Report Q2, 2023 Results on Aug 03, 2023 MFA Financial, Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Sheila Stamps was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.35 per share at 15% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 July 2023. Trailing yield: 15%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (12%). Announcement • Jun 16
MFA Financial, Inc. Announces Cash Dividend for the Second Quarter of 2023, Payable on July 31, 2023 MFA Financial, Inc. announced that its Board of Directors has declared a regular cash dividend for the second quarter of 2023 of $0.35 per share of common stock. The dividend will be paid on July 31, 2023, to common stockholders of record on June 30, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.35 per share at 18% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 April 2023. Trailing yield: 18%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (14%). Announcement • Jan 21
MFA Financial, Inc. to Report Q4, 2022 Results on Feb 23, 2023 MFA Financial, Inc. announced that they will report Q4, 2022 results on Feb 23, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 January 2023. Trailing yield: 16%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (13%). Upcoming Dividend • Sep 22
Upcoming dividend of US$0.44 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 31 October 2022. Trailing yield: 17%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (12%). Upcoming Dividend • Jun 22
Upcoming dividend of US$0.44 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 July 2022. Trailing yield: 17%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (12%). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €11.01, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Mortgage REITs industry globally. Total loss to shareholders of 45% over the past three years. Recent Insider Transactions • Jun 03
Senior VP & Co-Controller recently sold €51k worth of stock On the 27th of May, Mei Lin sold around 4k shares on-market at roughly €12.58 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Mar 14
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 21 March 2022. Payment date: 29 April 2022. Trailing yield: 11%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (9.7%). Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.67 (up from US$1.57 loss in FY 2020). Revenue: US$451.9m (down 191% from FY 2020). Net income: US$296.0m (up US$1.01b from FY 2020). Profit margin: 66% (down from 143% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 16%. Over the next year, revenue is expected to shrink by 55% compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 17% per year. Upcoming Dividend • Dec 23
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 31 January 2022. Trailing yield: 9.5%. Within top quartile of German dividend payers (3.3%). In line with average of industry peers (9.0%). Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$158.7m (up 35% from 3Q 2020). Net income: US$123.9m (up 57% from 3Q 2020). Profit margin: 78% (up from 67% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 29 October 2021. Trailing yield: 8.6%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (8.6%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.26 (vs US$0.19 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: US$89.5m (down 57% from 2Q 2020). Net income: US$58.5m (down 34% from 2Q 2020). Profit margin: 65% (up from 42% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Executive Departure • Jun 07
Independent Non-Executive Chairman of the Board George Krauss has left the company On the 2nd of June, George Krauss' tenure as Independent Non-Executive Chairman of the Board ended after 7.4 years in the role. We don't have any record of a personal shareholding under George's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.83 years. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.17 (vs US$2.02 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: US$108.1m (down 112% from 1Q 2020). Net income: US$77.3m (up US$991.2m from 1Q 2020). Profit margin: 72% (down from 103% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 April 2021. Trailing yield: 7.2%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (8.2%). Reported Earnings • Feb 25
Full year 2020 earnings released: US$1.57 loss per share (vs US$0.80 profit in FY 2019) Full year 2020 results: Net loss: US$709.2m (down 296% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 23
New 90-day high: €3.38 The company is up 6.0% from its price of €3.18 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage REITs industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.20 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €3.28 The company is up 46% from its price of €2.24 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage REITs industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.37 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of US$0.075 Per Share Will be paid on the 29th of January to those who are registered shareholders by the 29th of December. The trailing yield of 7.7% is in the top quartile of German dividend payers (3.5%), but it is lower than industry peers (8.9%). Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.17 Third quarter 2020 results: Net income: US$87.2m (down 4.8% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day high: €2.62 The company is up 13% from its price of €2.32 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.42 per share. 
