Symbols / MFA $10.21 +1.39% MFA Financial, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
MFA Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust in the United States. It operates through two segments: Mortgage-Related Assets and Lima One. The Mortgage-Related Assets segment primarily invests in and manages a diversified portfolio of residential whole loans, including nonqualified mortgage loans, business purpose loans such as single-family rental loans, single-family and multifamily transitional loans, legacy re-performing and non-performing loans, and agency-eligible investor loans. This segment also invests in residential mortgage-backed securities, including agency MBS, non-agency MBS, and credit risk transfer securities. The Lima One segment includes a stand-alone mortgage origination and servicing business; and originates and services business purpose loans for real estate investors, and related mortgage banking activities. The company offers residential whole loans, including purchased credit deteriorated and non-performing loans; and mortgage servicing rights-related assets. The company's investment activities through a combination of securitization transactions, term loan warehouse financing and repurchase agreement financing. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is based in New York, New York.

Fundamentals
Scroll to Statements
Market Cap 1.04B Enterprise Value 11.82B Income 135.68M Sales 325.40M Book/sh 17.98 Cash/sh 2.09
Dividend Yield 14.10% Payout 110.77% Employees 307 IPO — P/E 7.85 Forward P/E 6.82
PEG 2.48 P/S 3.20 P/B 0.57 P/C — EV/EBITDA — EV/Sales 36.33
Quick Ratio 39.32 Current Ratio 40.07 Debt/Eq 601.49 LT Debt/Eq — EPS (ttm) 1.30 EPS next Y 1.50
EPS Growth — Revenue Growth 111.30% Earnings 2026-05-05 ROA 1.45% ROE 9.63% ROIC —
Gross Margin 89.72% Oper. Margin 61.66% Profit Margin 54.33% Shs Outstand 101.60M Shs Float 99.62M Short Float 3.31%
Short Ratio 2.23 Short Interest — 52W High 10.57 52W Low 8.78 Beta 1.62 Avg Volume 1.43M
Volume 1.17M Target Price $15.10 Recom Hold Prev Close $10.07 Price $10.21 Change 1.39%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.10
Mean price target
2. Current target
$10.21
Latest analyst target
3. DCF / Fair value
$19.50
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$10.21
Low
$11.00
High
$31.00
Mean
$15.10

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main RBC Capital Sector Perform → Sector Perform $11
2026-02-20 main Keefe, Bruyette & Woods Market Perform → Market Perform $11
2025-11-18 main UBS Buy → Buy $10
2025-10-08 up UBS Neutral → Buy $11
2025-09-03 main UBS Neutral → Neutral $11
2025-08-11 reit Jones Trading Hold → Hold —
2025-07-17 main JMP Securities Market Outperform → Market Outperform $11
2025-07-10 main UBS Neutral → Neutral $10
2025-07-10 down Keefe, Bruyette & Woods Outperform → Market Perform $10
2025-07-07 init Jones Trading — → Hold —
2025-05-28 main RBC Capital Sector Perform → Sector Perform $10
2025-05-08 main Keefe, Bruyette & Woods Outperform → Outperform $12
2025-04-17 main JMP Securities Market Outperform → Market Outperform $12
2025-03-26 reit Citizens Capital Markets Market Outperform → Market Outperform $13
2025-02-20 main Keefe, Bruyette & Woods Outperform → Outperform $13
2025-01-23 main JMP Securities Market Outperform → Market Outperform $13
2024-08-09 main Wedbush Outperform → Outperform $14
2024-08-09 main Keefe, Bruyette & Woods Outperform → Outperform $13
2024-05-31 reit JMP Securities Market Outperform → Market Outperform $13
2024-04-19 reit JMP Securities Market Outperform → Market Outperform $13
News
RSS: Latest MFA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-01-15 GOODMAN LAURIE S Director — 3,473 — —
2026-01-15 JOSEPHS ROBIN Director — 3,473 — —
2026-01-08 SCHWARTZ HAROLD EDWARD J.D. Officer — 117,396 — —
2026-01-08 WULFSOHN BRYAN President — 300,004 — —
2026-01-08 SEEMUNGAL NATASHA Officer — 21,745 — —
2026-01-08 LIN MEI Officer — 21,745 — —
2026-01-08 ROPER MICHAEL CHARLES Chief Financial Officer — 69,576 — —
2026-01-08 SAMUELS LORI R Officer — 69,576 — —
2026-01-08 KNUTSON CRAIG L Chief Executive Officer — 695,667 — —
2025-09-15 LIN MEI Officer — 2,775 $10.10 $28,028
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
298.59
+18.09%
252.85
+23.07%
205.46
+342.91%
-84.58
Operating Revenue
298.59
+18.09%
252.85
+23.07%
205.46
+342.91%
-84.58
Selling General And Administration
119.41
-9.48%
131.91
+1.73%
129.67
+15.04%
112.72
General And Administrative Expense
119.41
-9.48%
131.91
+1.73%
129.67
+15.04%
112.72
Salaries And Wages
77.67
-11.39%
87.65
+2.16%
85.80
+11.82%
76.73
Other Gand A
—
—
43.87
+21.90%
35.99
Reconciled Depreciation
2.20
-31.25%
3.20
-23.81%
4.20
-54.35%
9.20
Total Unusual Items
-6.76
-315.56%
3.14
-66.61%
9.39
-62.99%
25.38
Total Unusual Items Excluding Goodwill
-6.76
-315.56%
3.14
-66.61%
9.39
-62.99%
25.38
Special Income Charges
—
—
—
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Pretax Income
176.05
+47.08%
119.69
+48.80%
80.44
+134.61%
-232.43
Net Interest Income
231.08
+13.99%
202.73
+14.88%
176.48
-21.07%
223.58
Interest Expense
513.98
-1.39%
521.23
+21.47%
429.12
+65.78%
258.84
Interest Income
745.06
+2.91%
723.97
+19.55%
605.60
+25.53%
482.42
Gain On Sale Of Security
-29.22
-1135.70%
2.82
+103.15%
-89.60
-117.21%
520.75
Tax Provision
-0.73
-265.91%
0.44
+59.35%
0.28
+132.67%
-0.85
Tax Rate For Calcs
0.00
+6900.00%
0.00
+0.00%
0.00
-40.00%
0.00
Tax Effect Of Unusual Items
-1.42
-15189.29%
0.01
-66.61%
0.03
-77.80%
0.13
Net Income Including Noncontrolling Interests
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Net Income From Continuing Operation Net Minority Interest
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Net Income From Continuing And Discontinued Operation
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Net Income Continuous Operations
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Normalized Income
182.12
+56.83%
116.12
+64.02%
70.80
+127.57%
-256.83
Net Income Common Stockholders
135.68
+57.91%
85.92
+81.70%
47.29
+117.84%
-265.08
Otherunder Preferred Stock Dividend
0.78
+72.41%
0.45
—
0.63
Diluted EPS
1.30
+58.54%
0.82
+78.26%
0.46
+117.90%
-2.57
Basic EPS
1.31
+57.83%
0.83
+80.43%
0.46
+117.90%
-2.57
Basic Average Shares
103.55
-0.49%
104.07
+1.81%
102.22
-0.67%
102.90
Diluted Average Shares
103.98
-1.29%
105.34
+1.70%
103.58
+0.66%
102.90
Diluted NI Availto Com Stockholders
135.68
+57.91%
85.92
+81.70%
47.29
+117.84%
-265.08
Average Dilution Earnings
0.00
0.00
0.00
0.00
Amortization
2.20
-31.25%
3.20
-23.81%
4.20
-54.35%
9.20
Amortization Of Intangibles Income Statement
2.20
-31.25%
3.20
-23.81%
4.20
-54.35%
9.20
Depreciation Amortization Depletion Income Statement
2.20
-31.25%
3.20
-23.81%
4.20
-54.35%
9.20
Depreciation And Amortization In Income Statement
2.20
-31.25%
3.20
-23.81%
4.20
-54.35%
9.20
Preferred Stock Dividends
40.32
+22.64%
32.88
+0.00%
32.88
+0.00%
32.88
Line Item Trend 2023-12-31
Total Assets
10,772.69
Cash And Cash Equivalents
318.00
Receivables
123.01
Accounts Receivable
123.01
Net PPE
37.82
Gross PPE
37.82
Other Properties
37.82
Goodwill And Other Intangible Assets
69.08
Goodwill
61.08
Other Intangible Assets
8.00
Investments And Advances
765.87
Total Liabilities Net Minority Interest
8,872.77
Payables And Accrued Expenses
292.45
Payables
170.28
Accounts Payable
30.83
Other Payable
103.65
Dividends Payable
35.79
Current Accrued Expenses
122.18
Current Debt And Capital Lease Obligation
—
Current Debt
—
Other Current Borrowings
—
Long Term Debt And Capital Lease Obligation
5,003.37
Long Term Debt
4,959.79
Long Term Capital Lease Obligation
43.58
Stockholders Equity
1,899.91
Common Stock Equity
1,899.72
Capital Stock
1.21
Common Stock
1.02
Preferred Stock
0.19
Share Issued
101.92
Ordinary Shares Number
101.92
Treasury Shares Number
0.00
Additional Paid In Capital
3,698.77
Retained Earnings
-1,817.76
Gains Losses Not Affecting Retained Earnings
17.70
Other Equity Adjustments
17.70
Total Equity Gross Minority Interest
1,899.91
Total Capitalization
6,859.71
Invested Capital
6,859.52
Total Debt
5,003.37
Net Debt
4,641.79
Capital Lease Obligations
43.58
Net Tangible Assets
1,830.84
Tangible Book Value
1,830.65
Available For Sale Securities
765.87
Preferred Shares Number
19.00
Preferred Stock Equity
0.19
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
76.25
-61.90%
200.12
+84.04%
108.74
-69.40%
355.35
Cash Flow From Continuing Operating Activities
76.25
-61.90%
200.12
+84.04%
108.74
-69.40%
355.35
Net Income From Continuing Operations
176.78
+48.24%
119.25
+48.76%
80.16
+134.62%
-231.58
Other Non Cash Items
74.29
+11.64%
66.54
+199.63%
22.21
+221.98%
6.90
Operating Gains Losses
-188.84
-3743.37%
5.18
-89.67%
50.15
-91.17%
568.05
Gain Loss On Investment Securities
42.00
-19.19%
51.98
-39.85%
86.40
+129.73%
-290.64
Unrealized Gain Loss On Investment Securities
—
—
—
-290.64
Change In Working Capital
11.85
-28.58%
16.59
+192.32%
-17.97
-234.42%
13.37
Change In Other Current Assets
4.46
-82.23%
25.13
+131.05%
-80.93
-417.60%
25.48
Change In Other Current Liabilities
7.38
+186.42%
-8.54
-113.57%
62.96
+619.74%
-12.11
Investing Cash Flow
-1,785.50
-320.52%
-424.60
+72.60%
-1,549.59
-38.86%
-1,115.93
Cash Flow From Continuing Investing Activities
-1,785.50
-320.52%
-424.60
+72.60%
-1,549.59
-38.86%
-1,115.93
Net PPE Purchase And Sale
—
—
—
-0.30
Purchase Of PPE
—
—
—
-0.30
Capital Expenditure
—
—
—
-0.30
Net Investment Purchase And Sale
-1,826.24
-146.95%
-739.51
-39.53%
-530.00
-870.55%
68.78
Purchase Of Investment
-2,162.71
-148.83%
-869.15
-47.58%
-588.91
0.00
Sale Of Investment
336.46
+159.54%
129.64
+120.02%
58.92
-14.34%
68.78
Net Business Purchase And Sale
—
—
0.00
0.00
Net Other Investing Changes
17.58
-91.55%
207.97
+100.15%
103.91
-27.56%
143.43
Financing Cash Flow
1,494.61
+342.75%
337.58
-76.48%
1,434.98
+68.78%
850.21
Cash Flow From Continuing Financing Activities
1,494.61
+342.75%
337.58
-76.48%
1,434.98
+68.78%
850.21
Net Issuance Payments Of Debt
1,727.35
+213.56%
550.88
-66.07%
1,623.56
+37.05%
1,184.64
Issuance Of Debt
6,324.02
+4.14%
6,072.51
-7.32%
6,552.43
+3.87%
6,308.12
Repayment Of Debt
-4,596.67
+16.75%
-5,521.63
-12.03%
-4,928.87
+3.80%
-5,123.48
Long Term Debt Issuance
6,324.02
+4.14%
6,072.51
-7.32%
6,552.43
+3.87%
6,308.12
Long Term Debt Payments
-4,596.67
+16.75%
-5,521.63
-12.03%
-4,928.87
+3.80%
-5,123.48
Net Long Term Debt Issuance
1,727.35
+213.56%
550.88
-66.07%
1,623.56
+37.05%
1,184.64
Net Common Stock Issuance
-15.38
-878.44%
-1.57
-22357.14%
-0.01
+99.99%
-101.13
Common Stock Payments
-15.38
-878.44%
-1.57
-22357.14%
-0.01
+99.99%
-102.31
Common Stock Dividend Paid
-148.18
-3.00%
-143.87
-0.54%
-143.10
+22.24%
-184.03
Cash Dividends Paid
-188.50
-6.65%
-176.75
-0.44%
-175.98
+18.87%
-216.91
Repurchase Of Capital Stock
-15.38
-878.44%
-1.57
-22357.14%
-0.01
+99.99%
-102.31
Proceeds From Stock Option Exercised
—
—
—
0.00
Net Other Financing Charges
-38.17
-9.10%
-34.99
-177.83%
-12.59
+23.17%
-16.39
Changes In Cash
-214.64
-289.78%
113.10
+2026.76%
-5.87
-106.55%
89.63
Beginning Cash Position
601.31
+23.17%
488.21
-1.19%
494.08
+22.16%
404.45
End Cash Position
386.67
-35.70%
601.31
+23.17%
488.21
-1.19%
494.08
Free Cash Flow
76.25
-61.90%
200.12
+84.04%
108.74
-69.40%
355.35
Interest Paid Supplemental Data
508.31
-1.53%
516.22
+23.46%
418.13
+74.82%
239.19
Common Stock Issuance
—
—
—
1.18
Issuance Of Capital Stock
9.31
0.00
0.00
-100.00%
1.18
Net Preferred Stock Issuance
9.31
0.00
0.00
0.00
Preferred Stock Dividend Paid
-40.32
-22.64%
-32.88
+0.00%
-32.88
+0.00%
-32.88
Preferred Stock Issuance
9.31
0.00
0.00
0.00
Sale Of Business
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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