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MFA Financial(NYSE) MFA

Current Price$9.08
Market Cap$943.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1998)+535%
5 Year-2%
1 Year+11%
1 Month-0%
MFA Financial last closing stock price
MetricPriceDate
Last closeUSD 9.072026-07-23
MFA Financial stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.72%USD 9.622026-07-16
1 month-0.07%USD 9.082026-06-23
3 month-7.8%USD 9.842026-04-24
Year to date+5.03%USD 8.642025-12-31
1 year+11.47%USD 8.142025-07-23
3 year+19.08%USD 7.622023-07-24
5 year-1.82%USD 9.242021-07-23
Since inception+535.09%USD 1.461998-04-13

MFA Financial Financials at a Glance

Market Cap

$943.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$716.02M

Net Income (TTM)

$134.62M

EPS (TTM)

$0.87

P/E Ratio

10.65

Dividend

$1.44

Beta (Volatility)

1.01 (Average)

Price

$9.08

Volume

31,727

Open

$9.24

Previous Close

$9.08

Daily Range

$9.03 - $9.24

52-Week Range

$8.78 - $10.57

Estimated Earnings Date

Aug 5, 2026

MFA News

Foolcom-Featured.png

MFA Financial (MFA) Q2 EPS Drops 47%

Motley Fool Markets TeamAug 6, 2025
Federal Reserve Building

Why Is MFA Financial's Dividend Yield so High?

Brent Nyitray, CFAApr 19, 2023
Federal Reserve Building

Why Is MFA Financials' Dividend Yield So High?

Brent Nyitray, CFADec 14, 2022
COVID 19 headlines

MFA Financial's Post-COVID Restructuring Is Largely Complete

Brent Nyitray, CFAMar 8, 2021
Margin Call

Robinhood Investors Love MFA Financial. Should They?

Brent Nyitray, CFANov 16, 2020
Mortgage document with key

MFA Financial Notches Convincing Third-Quarter Earnings Beat; New Share Buybacks Launched

Eric VolkmanNov 6, 2020
Mortgage

Here's Why MFA Financial Is Soaring Today

Matt Frankel, CFP®Nov 5, 2020
Margin Call

Is MFA Financial a Buy?

Brent Nyitray, CFAOct 8, 2020
Page 1

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About MFA Financial

MFA helps people get money to buy or fix homes. It also buys bundles of home loans to earn interest. These activities provide essential cash to the American housing market.

What Does MFA Invest In?

  • Residential Whole Loans: Direct investments in individual home mortgages for people and businesses; represented 68% of assets at the end of 2025.
  • Business Purpose Loans: Short-term and long-term financing for real estate investors; originated and managed through the Lima One subsidiary.
  • Mortgage-Backed Securities: Interest-earning bundles of home loans guaranteed by government-sponsored entities or private firms; accounted for 27% of assets in 2025.
  • Real Estate Owned: Residential properties acquired through the foreclosure process after borrowers default on their loan payments.

Expansion and Strategic Growth

  • Acquired Lima One Capital, LLC on July 1, 2021, to move into direct loan origination for investors.
  • Funded more than $7.3 billion in loans through the Lima One subsidiary since the July 2021 purchase.
  • Purchased roughly $2.7 billion in residential whole loans during 2025 to grow the core investment portfolio.
  • Added $2.1 billion in government-backed mortgage securities during 2025 to take advantage of favorable market conditions.

The MFA Operational Edge

MFA operates as a Real Estate Investment Trust, which is a company that owns and manages income-producing real estate assets. The firm uses its own internal team to analyze credit risks and manage its nationwide lending operations through its Lima One subsidiary.

Tracking Recent Financial Results

  • Total revenue rose to $88.1 million in Q4 2025, up 111.3% from Q4 2024.
  • Net income reached $54.3 million in Q4 2025, an 819.3% increase over the previous year.
  • Operating income grew to $53.5 million in Q4 2025, up from $2.4 million in Q4 2024.
  • Free cash flow hit $37.6 million in Q4 2025, down 66.2% from $111.4 million in Q4 2024.

Company Evolution

MFA has transitioned from a passive investor in mortgage securities to an active lender and loan manager. This shift allows the company to control the entire life cycle of its mortgage assets from origination to collection.

AI Generated • May 2, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

Sector

Financials

Employees

307

CEO

Craig L. Knutson, MBA

Website

www.mfafinancial.com

Headquarters

New York City, NY 10017, US

MFA Financials

Key Financial Metrics (TTM)

Gross Margin

61.59%

Operating Margin

37.66%

Net Income Margin

18.80%

Return on Equity

7.43%

Return on Capital

5.38%

Return on Assets

1.02%

Earnings Yield

9.39%

Dividend Yield

15.50%

Payout Ratio

1.44%

Stock Overview

Market Cap

$943.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

101.60M

Volume

31.73K

Avg. Volume

1.53M

Financials (TTM)

Gross Profit

$440.97M

Operating Income

$269.68M

EBITDA

$214.28M

Operating Cash Flow

$161.88M

Capital Expenditure

$0.00

Free Cash Flow

$161.88M

Cash & ST Invst.

$221.57M

Total Debt

$6.50B

MFA Financial Performance Analysis

MFA Financial annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 793,724,00062.5%
20232023-12-31USD 655,537,000-17.4%
20242024-12-31USD 846,031,00029.1%
20252025-12-31USD 715,086,000-15.5%
MFA Financial sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30156.7%
Q32025-09-307.6%
Q42025-12-31-57.3%
Q12026-03-31160.4%
MFA Financial annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.57N/A
20232023-12-31USD 0.46N/A
20242024-12-31USD 0.8279.0%
20252025-12-31USD 1.3059.6%
MFA Financial sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-32.3%
Q32025-09-3066.7%
Q42025-12-3148.6%
Q12026-03-31-101.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$229.38M

+206.7%

Gross Profit

$218.86M

+192.6%

Gross Margin

95.41%

N/A

Market Cap

$943.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.07M

N/A

Employees

307

N/A

Net Income

-$984.00K

-102.4%

EBITDA

$131.75M

N/A

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$221.57M

-12.7%

Total Debt

$6.50B

-31.0%

Accounts Receivable

$117.85M

-98.7%

Inventory

$0.00

N/A

Long Term Debt

$6.50B

-30.9%

Short Term Debt

$0.00

-100.0%

Return on Assets

1.02%

N/A

Return on Invested Capital

2.06%

N/A

Free Cash Flow

$71.07M

+588.0%

Operating Cash Flow

$71.07M

+588.0%

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Questions About MFA

What is the current price of MFA Financial?

MFA Financial is trading at $9.08 per share.

What is the 52-week range for MFA Financial?

Over the past 52 weeks, MFA Financial has traded between $8.78 and $10.57.

How much debt does MFA Financial have?

As of the most recent reporting period, MFA Financial reported total debt of $11.13B.

How much cash does MFA Financial have on hand?

MFA Financial reported $410.81M in cash and cash equivalents in its most recent financial results.

What is MFA Financial’s dividend yield?

MFA Financial currently has a dividend yield of 15.50%.

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