MFA Financial Inc

MFA Financial Inc

MFA · NYSE · Real Estate / REIT - Mortgage

5.82USD+0.26 (+4.68%)

Price History

Full chart

Market Stats

Previous Close5.56
Open5.60
Day Range5.53 – 5.83
52-Week Range7.86 – 10.05
Volume2.88M
Market Cap809.71M
P/E (TTM)8.09
Forward P/E6.16
EPS0.99
Dividend Yield17.63%
Beta1.49
50-Day Avg8.87
200-Day Avg9.52

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Craig L. Knutson
  • Employees307
  • HeadquartersOne Vanderbilt Avenue, New York, NY, United States, 10017, USA
  • Websitehttps://www.mfafinancial.com

Leadership

  • Mr. Craig L. KnutsonCEO & Director · b. 1959
  • Mr. Bryan Wulfsohn CFAPresident & Chief Investment Officer · b. 1984
  • Mr. Michael C. RoperSenior VP & CFO · b. 1988
  • Mr. Harold E. Schwartz J.D.Senior VP, General Counsel & Secretary · b. 1965
  • Ms. Lori R. SamuelsSenior VP & Chief Loan Operations Officer · b. 1981
  • Mr. Bryan DoranSenior VP & Chief Accounting Officer · b. 1981
  • Mr. John W. ElliottSenior VP & CTO
  • Ms. Mei LinSenior VP & Co-Controller · b. 1980
  • Ms. Natasha SeemungalSenior VP & Co-Controller · b. 1986

Financials

Income Statement

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.60M10.30M10.32M24.13M62.00M66.34M91.57M41.07M16.42M43.40M64.68M277.72M296.09M358.16M349.11M340.68M358.79M355.98M358.76M373.06M347.88M433.33M-555.87M488.32M-67.62M234.05M279.61M875.24M
Growth (%)-+123.91%+0.23%+133.75%+156.93%+7.00%+38.03%-55.15%-60.02%+164.29%+49.04%+329.36%+6.61%+20.97%-2.53%-2.41%+5.32%-0.79%+0.78%+3.98%-6.75%+24.57%-228.28%+187.85%-113.85%+446.11%+19.47%+213.02%
Cost of Revenue--2.46M5.36M5.60M8.49M11.80M11.96M11.19M13.45M17.72M23.05M26.32M31.18M41.07M37.97M48.67M62.81M74.36M94.17M113.25M141.57M555.87M44.07M42.89M34.14M35.31M33.45M
Gross Profit4.60M10.30M10.32M24.13M62.00M66.34M91.57M41.07M16.42M43.40M64.68M277.72M296.09M358.16M349.11M340.68M310.12M293.16M284.41M278.89M234.63M433.33M-1.11B418.19M-110.52M199.91M244.30M841.79M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%86.43%82.35%79.27%74.76%67.45%100.00%200.00%85.64%163.43%85.41%87.37%96.18%
Operating Expense-2.90M-15.80M-27.65M-14.73M-57.59M-49.20M-75.39M-149.47M11.19M13.45M18.89M-219.88M-118.80M-107.66M-129.40M-126.04M281.93M205.34M191.37M204.73M-299.36M55.22M-432.34M-8.23M113.52M130.75M-393.49M151.76M
Operating Income7.50M26.10M37.97M38.86M119.58M115.54M166.96M190.54M5.24M29.95M45.80M497.60M414.89M465.82M478.51M466.72M28.19M87.83M93.04M74.16M533.99M378.12M-679.39M426.42M-224.03M69.16M637.79M690.03M
Operating Margin163.04%253.40%367.80%161.03%192.88%174.17%182.34%463.94%31.89%69.02%70.80%179.17%140.12%130.06%137.07%137.00%7.86%24.67%25.93%19.88%153.50%87.26%122.22%87.32%331.31%29.55%228.10%78.84%
EBITDA7.80M27.50M39.86M44.41M147.68M161.43M129.00M249.47M222.31M379.22M487.11M286.63M309.58M329.22M306.48M306.70M474.50M314.79M532.32M74.16M94.78M3.32M-633.34M455.86M36.46M504.09M644.13M690.03M
EBITDA Margin169.57%266.99%386.13%184.05%238.20%243.33%140.88%607.43%1353.84%873.81%753.08%103.21%104.56%91.92%87.79%90.03%132.25%88.43%148.37%19.88%27.24%0.77%113.94%93.35%-53.92%215.38%230.37%78.84%
Net Income2.90M7.60M7.87M3.78M56.09M57.85M78.07M6.71M8.76M30.21M45.80M268.19M269.76M316.41M306.84M302.71M313.50M313.23M312.67M322.39M301.80M378.12M-679.39M328.87M-231.58M80.16M119.25M176.78M
Net Income Margin63.04%73.79%76.20%15.68%90.48%87.20%85.26%16.33%53.33%69.61%70.80%96.57%91.11%88.34%87.89%88.85%87.38%87.99%87.15%86.42%86.76%87.26%122.22%67.35%342.47%34.25%42.65%20.20%
R&D------------0000000.590.580.480.53.2400.00K800.00K800.00K800.00K-
R&D as % of Total Revenue------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%0.08%-1.18%0.34%0.29%-
Interest Expense4.60M18.50M30.10M35.07M63.49M57.69M88.89M183.83M181.92M321.31M342.69M229.41M145.13M149.41M171.67M164.01M159.81M176.95M193.35M197.14M232.19M332.36M268.76M120.39M258.84M429.12M521.23M513.98M
Interest Expense % of Total Revenue100.00%179.61%291.60%145.34%102.41%86.97%97.07%447.61%1107.86%740.35%529.80%82.60%49.01%41.72%49.17%48.14%44.54%49.71%53.89%52.84%66.74%76.70%-48.35%24.65%-382.78%183.35%186.42%58.72%

Balance Sheet

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets264.70M524.40M522.49M2.07B3.60B4.56B6.91B5.85B6.44B8.61B10.64B9.63B8.69B11.75B13.52B12.47B12.35B13.17B12.48B10.95B12.42B13.57B6.93B9.14B9.11B10.77B11.41B13.05B
Total Liabilities193.70M456.80M452.58M1.87B3.23B4.08B6.18B5.19B5.77B7.68B9.38B7.46B6.44B9.25B10.21B9.33B9.15B10.20B9.45B7.69B9.00B10.18B4.41B6.60B7.12B8.87B9.57B11.22B
Total Equity70.90M67.60M69.91M203.62M371.20M484.96M728.83M661.10M678.56M927.26M1.26B2.17B2.25B2.50B3.31B3.14B3.20B2.97B3.03B3.26B3.42B3.38B2.52B2.54B1.99B1.90B1.84B1.83B
Cash6.00M23.60M8.90M58.53M64.09M139.71M68.34M64.30M47.20M234.41M361.17M653.46M345.24M394.02M401.29M565.37M182.44M165.01M260.11M449.76M51.97M70.63M814.35M304.70M334.18M318.00M338.93M213.21M
Total Debt190.00M452.00M449.00M1.85B16.34M16.16M22.69M22.55M9.61M9.46M9.31M7.21B220.93M1.18B746.82M466.20M8.43B9.56B8.78B6.73B9.25B1.12B4.56B6.61B3.63B5.00B9.20B10.99B
Net Debt184.00M428.40M440.10M1.79B-47.75M-123.55M-45.66M-41.75M-37.59M-224.95M-351.86M6.55B-124.31M787.90M345.52M-99.17M28.14M-42.95M-163.38M10.96M729.27M821.16M1.03B2.62B3.30B4.69B8.86B10.78B

Cash Flow

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow400.00K10.30M4.92M21.67M83.37M112.15M128.30M136.19M15.88M68.68M186.43M269.96M245.94M334.41M310.39M298.09M255.81M282.17M85.51M176.07M147.88M215.78M38.40M120.29M366.08M108.74M200.12M76.25M
Investing Cash Flow-189.20M-250.50M--1.45B-1.55B-967.12M-2.48B938.90M-623.97M-1.95B-1.97B1.77B915.38M-2.38B-650.43M1.60B451.00M550.08M1.03B1.82B-2.16B-1.13B6.38B-2.17B-1.13B-1.55B-424.60M-1.79B
Financing Cash Flow184.60M254.10M-7.14M1.47B1.48B930.59M2.28B-1.08B590.99M2.07B1.91B-1.75B-1.47B2.10B347.31M-1.73B-1.09B-849.69M-1.02B-1.80B1.63B964.92M-5.74B1.63B850.21M1.43B337.58M1.49B
Capital Expenditure000000000231.00K012.00K438.00K2.34M443.00K373.00K786.00K1.56M708.00K872.00K1.13M1.88M4.86M12.05M300.00K000
Free Cash Flow400.00K10.30M4.92M21.67M83.37M112.15M128.30M136.19M15.88M68.45M186.43M269.98M245.50M332.07M309.94M297.71M255.03M280.61M84.80M175.20M146.75M213.90M33.53M108.25M365.78M108.74M200.12M76.25M
Dividends Paid5.60M7.30M5.32M10.74M47.57M60.22M77.39M55.81M24.24M37.73M139.00M229.66M268.39M337.42M349.39M608.58M309.67M312.38M312.89M323.59M344.76M376.56M143.30M189.01M216.91M175.98M176.75M40.32M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.66%100.00%100.00%99.82%99.30%99.86%99.87%99.69%99.45%99.17%99.50%99.23%99.13%87.34%89.98%99.92%100.00%100.00%100.00%
Dividend Paid to FCF1400.00%70.87%108.07%49.54%57.06%53.70%60.32%40.98%152.61%55.12%74.56%85.07%109.32%101.61%112.73%204.42%121.43%111.32%368.96%184.70%234.93%176.05%427.34%174.62%59.30%161.84%88.32%52.88%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Jan 29, 2002May 2, 2002Jul 25, 2002Oct 28, 2002Feb 10, 2003Apr 23, 2003Jul 29, 2003Oct 29, 2003Feb 5, 2004Apr 27, 2004Jul 26, 2004Nov 2, 2004Feb 11, 2005Apr 28, 2005Jul 28, 2005Nov 3, 2005Mar 10, 2006May 3, 2006Aug 2, 2006Nov 1, 2006Feb 16, 2007May 2, 2007Aug 2, 2007Nov 1, 2007Feb 14, 2008Apr 30, 2008Jul 30, 2008Nov 3, 2008Feb 13, 2009Apr 30, 2009Jul 27, 2009Nov 4, 2009Feb 11, 2010Apr 29, 2010Aug 3, 2010Nov 4, 2010Feb 14, 2011May 3, 2011Aug 3, 2011Nov 7, 2011Feb 16, 2012May 4, 2012Aug 6, 2012Nov 6, 2012Mar 6, 2013May 1, 2013Aug 1, 2013Nov 4, 2013Feb 13, 2014May 1, 2014Aug 4, 2014Nov 4, 2014Feb 12, 2015May 5, 2015Aug 4, 2015Nov 4, 2015Feb 18, 2016May 4, 2016Aug 3, 2016Nov 3, 2016Feb 16, 2017May 4, 2017Aug 2, 2017Nov 2, 2017Feb 15, 2018May 8, 2018Aug 2, 2018Nov 6, 2018Feb 21, 2019May 7, 2019Aug 7, 2019Nov 6, 2019Feb 20, 2020Jun 16, 2020Aug 6, 2020Nov 5, 2020Feb 23, 2021May 6, 2021Aug 5, 2021Nov 5, 2021Feb 23, 2022May 4, 2022Aug 4, 2022Nov 3, 2022Feb 23, 2023May 4, 2023Aug 3, 2023Nov 7, 2023Feb 22, 2024May 6, 2024Aug 8, 2024Nov 6, 2024Feb 20, 2025May 6, 2025Aug 6, 2025Nov 6, 2025Feb 18, 2026May 5, 2026Aug 5, 2026Nov 5, 2026
EPS Estimate---------------1.161.370.961.421.351.191.150.860.961.100.990.940.900.790.630.23-1.130.220.030.200.280.300.42-0.420.670.750.910.970.850.911.021.051.091.000.760.870.920.930.991.010.960.910.880.82-0.840.830.790.720.770.760.750.700.750.770.760.750.710.720.750.750.740.720.740.690.690.690.640.730.690.700.730.820.550.670.220.270.290.400.430.460.390.480.350.250.330.340.380.380.390.380.410.400.320.240.270.270.300.250.30
EPS Actual0.170.550.380.360.550.671.400.720.660.641.490.761.860.961.061.241.520.961.481.281.321.200.841.001.280.880.880.880.800.480.20-1.600.320.160.240.280.400.40-0.600.640.800.881.000.840.921.081.001.041.160.720.880.881.001.040.960.880.840.800.760.770.800.760.720.720.720.800.800.600.710.680.630.760.570.550.730.460.550.560.440.880.710.600.610.520.680.800.800.84-8.040.760.680.320.680.521.080.320.370.460.28-0.020.300.400.400.490.350.440.370.390.290.210.200.250.340.33-
Surprise---------------6.90%10.95%0.00%4.23%-5.19%10.92%4.35%-2.33%4.17%16.36%-11.11%-6.38%-2.22%1.27%-23.81%-13.04%-41.59%45.45%433.33%20.00%0.00%33.33%-4.76%-42.86%-4.48%6.67%-3.30%3.09%-1.18%1.10%5.88%-4.76%-4.59%16.00%-5.26%1.15%-4.35%7.53%5.05%-4.95%-8.33%-7.69%-9.09%-7.32%--4.76%-8.43%-8.86%0.00%-6.49%5.26%6.67%-14.29%-5.33%-11.69%-17.11%1.33%-19.72%-23.61%-2.67%-38.67%-25.68%-22.22%-40.54%27.54%2.90%-13.04%-4.69%-28.77%-1.45%14.29%9.59%2.44%-1561.82%13.43%209.09%18.52%134.48%30.00%151.16%-30.43%-5.13%-4.17%-20.00%-108.00%-9.09%17.65%5.26%28.95%-10.26%15.79%-9.76%-1.44%-9.38%-12.50%-25.93%-8.09%13.33%32.00%-
Timing---------------Pre-marketAfter-hoursPre-marketPre-market-Pre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap809.71M
Enterprise Value12.34B
Trailing P/E8.09
Forward P/E6.16
PEG Ratio2.48
Price / Sales2.67
Price / Book0.49
EPS0.99
Book Value17.57
Revenue (TTM)302.83M
Gross Profit (TTM)265.24M
Profit Margin48.95%
Operating Margin53.97%
Return on Equity8.24%
Return on Assets1.17%
Shares Outstanding101.09M
Shares Float98.61M
Beta1.49
Dividend Yield17.63%
Dividend Rate1.44
Payout Ratio128.57%

Analyst Ratings

Buy
Based on 7 analystsTarget 14.00
  • Strong Buy
    1
  • Buy
    2
  • Hold
    4

Ownership Breakdown

Institutions
54.50%
Insiders
1.95%
Retail / Other
43.55%

Top Institutional Holders

  • BlackRock Inc
    9.19M9.09%
  • Vanguard Portfolio Management, LLC
    4.63M4.58%
  • Vanguard Capital Management, LLC
    4.54M4.49%
  • Geode Capital Management, LLC
    2.57M2.55%
  • State Street Corp
    2.43M2.40%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    2.11M2.09%
  • Amvescap Plc.
    1.65M1.63%
  • Charles Schwab Investment Management Inc
    1.57M1.55%
  • Wolverine Asset Management LLC
    1.53M1.52%
  • Van Eck Associates Corporation
    1.18M1.17%
  • FMR Inc
    1.17M1.16%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.28M3.24%
  • iShares Russell 2000 ETF
    2.61M2.58%
  • Vanguard Small Cap Index
    2.34M2.31%
  • Invesco KBW High Dividend Yld Fincl ETF
    1.56M1.54%
  • Vanguard MStar Small Cap Value Index
    1.48M1.47%
  • iShares Mortgage Real Estate Capped ETF
    1.27M1.26%
  • Global X SuperDividend™ ETF
    1.24M1.23%
  • Fidelity Small Cap Index
    1.13M1.12%
  • VanEck Mortgage REIT Income ETF
    1.04M1.02%

Dividends

20262×
0.36Jun 30, 20260.36Mar 31, 2026
20254×
0.36Dec 31, 20250.36Sep 30, 20250.36Jun 30, 20250.36Mar 31, 2025
20244×
0.35Dec 31, 20240.35Sep 27, 20240.35Jun 28, 20240.35Mar 27, 2024
20234×
0.35Dec 28, 20230.35Sep 29, 20230.35Jun 29, 20230.35Mar 30, 2023
20224×
0.35Dec 29, 20220.44Sep 29, 20220.44Jun 29, 20220.44Mar 21, 2022
20214×
0.44Dec 30, 20210.40Sep 29, 20210.40Jun 29, 20210.30Mar 30, 2021
20202×
0.30Dec 29, 20200.20Sep 29, 2020

Stock Splits

  • Apr 5, 20221:4