MFA - NYSE

MFA Financial, Inc.

MFA·NYSE

$9.15

-3.4%

Real EstateREIT - Mortgage

MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets. The company has elected to be taxed as a REIT and would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is headquartered in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$934.16M

EPS1.7100

P/E Ratio5.35

Earnings Date07/30/2026

13.05B

Assets

14%

3Y+43.0%

5Y+88.0%

10Y+5.0%

11.22B

Total Liabilities

17%

3Y+57.0%

5Y+155.0%

10Y+19.0%

1.83B

Total Equity

-1%

3Y-8.0%

5Y-70.0%

10Y-85.0%

MFA Financial, Inc. Funding & Solvency Profile

MFA · NYSE

Current Assets

Cash & Cash Equivalents213.21M

Net Receivables119.99M

Inventory0.00

Other Current Assets173.46M

Total Current Assets507 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets63.68M

Long-Term Investments12.20B

Other Non-Current Assets279.22M

Total Non-Current Assets12 B

Total Assets

13.05B

Financial Health Analysis

Current Ratio

2.18x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

6.14x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

274 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

MFA Financial, Inc. Balance Sheet

MFA • NYSE

MFA Financial, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	213.2M	338.9M	318M	334.2M	304.7M	814.4M	70.6M	52M	449.8M	260.1M	165M	182.4M	565.4M	401.3M	394M	345.2M	653.5M	361.2M	234.4M	47.2M
Cash & Short-Term Investments	213.2M	338.9M	318M	334.2M	304.7M	814.4M	70.6M	52M	449.8M	260.1M	165M	182.4M	565.4M	401.3M	394M	345.2M	653.5M	361.2M	234.4M	47.2M
Net Receivables	120M	8.8B	123M	7.9B	84.4M	38.9M	0.0	0.0	27.4M	27.8M	29M	31.3M	35.8M	44M	42.8M	38.2M	41.8M	49.7M	43.6M	33.2M
Accounts Receivables	120M	8.8B	123M	7.9B	84.4M	38.9M	71M	0.0	27.4M	27.8M	29M	31.3M	35.8M	44M	42.8M	38.2M	41.8M	49.7M	43.6M	33.2M
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	219.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	249.4M	152.4M	80.5M	28M	-401.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	30.7M	15.9M	5.5M	2.3M	0.0	0.0	0.0
Other Current Assets	173.5M	388.4M	0.0	252.1M	-389.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	506.7M	9.5B	441M	8.4B	0.0	853.2M	70.6M	52M	449.8M	260.1M	165M	182.4M	124K	127K	136K	385K	653.5M	361.2M	234.4M	47.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	35.5M	37.8M	39.5M	39.4M	758K	-12.1B	-12.4B	-11B	-12.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	11.3M	11.6M	11.8M
Goodwill	61.1M	61.1M	61.1M	61.1M	61.1M	0.0	0.0	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M
Intangible Assets	2.6M	4.8M	8M	12.2M	21.4M	239M	1.2B	611.8M	492.1M	226.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	63.7M	65.9M	69.1M	73.3M	82.5M	239M	1.2B	619M	499.3M	234M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M	7.2M
Long-Term Investments	12.2B	184.6M	765.9M	156.3M	328.4M	63.8M	262.8M	127.2M	7B	9.8B	11.4B	2.8B	3.5B	4.3B	11.2B	8.1B	8.8B	10.1B	8.3B	6.3B
Tax Assets	0.0	0.0	0.0	0.0	0.0	302.1M	13.6B	12.4B	11B	12.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-7.2M	-7.2M	-7.2M
Other Non-Current Assets	279.2M	1.6B	905.6M	401.3M	-450.2M	-302.8M	-1.5B	5B	-4.1B	-7.6B	-9.7B	-1.4B	-3B	8.8B	87.2M	238.1M	-8.8B	-10.1B	-8.3B	-6.4B
Total Non-Current Assets	12.5B	1.9B	1.8B	670.3M	0.0	302.8M	1.5B	5.7B	3.5B	2.2B	1.6B	1.4B	499.4M	13.1B	11.3B	8.3B	7.2M	7.2M	7.2M	7.2M
Other Assets	0.0	0.0	8.6B	0.0	9.1B	5.8B	12B	6.6B	7.1B	10B	11.4B	10.8B	12B	445.2M	436.7M	383.1M	9B	10.3B	8.4B	6.4B
Total Assets	13B	11.4B	10.8B	9.1B	9.1B	6.9B	13.6B	12.4B	11B	12.5B	13.2B	12.4B	12.5B	13.5B	11.8B	8.7B	9.6B	10.6B	8.6B	6.4B
LIABILITIES
CURRENT LIABILITIES
Total Payables	73.5M	0.0	170.3M	0.0	57.4M	45.1M	109M	317.6M	92M	88.8M	91.5M	87.6M	88.4M	95.8M	106.6M	75M	98.7M	70.2M	38.2M	28.1M
Accounts Payable	36.4M	0.0	30.8M	0.0	9.6M	11.1M	18.2M	16.3M	12.3M	14.1M	16.9M	13.1M	14.7M	16.1M	9.1M	8M	13.3M	23.9M	20.2M	23.2M
Other Payables	37.1M	0.0	139.4M	0.0	47.8M	34M	-18.2M	-16.3M	79.8M	74.7M	74.6M	-13.1M	73.6M	79.7M	-9.1M	67M	85.4M	46.4M	18M	4.9M
Accrued Expenses	151.8M	272.2M	122.2M	98.4M	115.7M	35.9M	43.6M	26.3M	21.6M	33.7M	19.6M	24.7M	23.8M	6.1M	9.9M	9.6M	12M	0.0	0.0	0.0
Short Term Debt	0.0	0.0	0.0	0.0	226.5M	225.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Capital Lease Obligations (Current)	7.4M	5.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	6.4M	7.5M	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	-205.7M	-8.3B	-6.6B	-8.7B	-9.4B	-8.3B	-28.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	0.0	36M	0.0	35.8M	-399.6M	-306.2M	-152.6M	7.9B	7.1B	9.2B	10B	8.8B	8.8B	-101.9M	-116.5M	-84.6M	-110.7M	-70.2M	-38.2M	-28.1M
Total Current Liabilities	232.7M	313.5M	292.5M	134.1M	0.0	236.3M	18.2M	8B	7.6B	9.4B	10.1B	8.9B	8.9B	7.5M	9.1M	6.4B	7.5B	9.4B	7.7B	5.8B
NON-CURRENT LIABILITIES
Long Term Debt	10.9B	9.2B	5B	6.8B	2.9B	1.6B	667.8M	781.2M	460.7M	96.7M	118.6M	210.6M	466.2M	746.8M	875.5M	220.9M	0.0	9.3M	9.5M	9.6M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	10.2B	9B	7.7B	9.5B	0.0	0.0	6.7M	33.5M	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	-9.3B	-9B	-7.7B	-9.1B	0.0	0.0	0.0	-10.2B	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	0.0	63.1M	0.0	132M	-2.9B	0.0	-667.8M	0.0	0.0	0.0	-118.6M	0.0	-466.2M	-746.8M	-875.5M	-220.9M	0.0	-9.3M	-9.5M	-9.6M
Total Non-Current Liabilities	11B	9.3B	5B	7B	0.0	1.6B	891.8M	992.4M	96.8M	96.7M	118.6M	210.6M	466M	780.3M	1.2B	220.9M	9M	9M	9M	10M
Other Liabilities	0.0	0.0	3.6B	0.0	6.6B	2.6B	9.3B	0.0	0.0	0.0	4.8M	0.0	-343K	9.4B	8.1B	-221M	-53K	342K	-404K	409K
Capital Lease Obligations	60.8M	41.1M	43.6M	45.3M	45M	636K	80K	80K	80K	80K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	11.2B	9.6B	8.9B	7.1B	6.6B	4.4B	10.2B	9B	7.7B	9.5B	10.2B	9.2B	9.3B	10.2B	9.3B	6.4B	7.5B	9.4B	7.7B	5.8B
SHAREHOLDERS' EQUITY
Preferred Stock	81K	190K	190K	190K	190K	190K	80K	80K	80K	80K	80K	80K	80K	38K	38K	38K	38K	38K	38K	38K
Common Stock	1M	1M	1M	1M	1.1M	4.5M	4.5M	4.5M	4M	3.7M	3.7M	3.7M	3.7M	3.6M	3.6M	2.8M	2.8M	2.2M	1.2M	807K
Additional Paid-In Capital	3.7B	3.7B	3.7B	3.7B	3.8B	3.8B	3.6B	3.6B	3.2B	3B	3B	3B	3B	2.8B	2.8B	2.2B	2.2B	1.8B	1.1B	776.7M
Retained Earnings	-1.9B	-1.9B	-1.8B	-1.7B	-1.3B	-1.4B	-631M	-632M	-579M	-572.6M	-572.3M	-568.6M	-571.5M	-260.3M	-243.1M	-191.6M	-202.2M	-210.8M	-89.3M	-68.6M
Accumulated Other Comprehensive Income/Loss	3.7M	9.5M	17.7M	21.3M	45.6M	77.3M	370M	420.3M	609.2M	573.7M	515.9M	754.5M	737.7M	762M	-58.7M	254.7M	187M	-310.3M	-70.5M	-30.4M
Other Total Stockholders' Equity	0.0	1.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	1.8B	1.8B	1.9B	2B	2.5B	2.5B	3.4B	3.4B	3.3B	3B	3B	3.2B	3.1B	3.3B	2.5B	2.3B	2.2B	1.3B	927.3M	678.6M
Total Equity	1.8B	1.8B	1.9B	2B	2.5B	6B	13.3B	12B	10.4B	12B	3B	3.2B	3.1B	3.3B	2.5B	2.3B	2.2B	1.3B	927.3M	678.6M
Minority Interest	0.0	0.0	0.0	0.0	0.0	3.5B	9.9B	8.6B	7.1B	9B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	13B	11.4B	10.8B	9.1B	9.1B	6.9B	13.6B	12.4B	11B	12.5B	13.2B	12.4B	12.5B	13.5B	11.8B	8.7B	9.6B	10.6B	8.6B	6.4B
Total Investments	12.2B	184.6M	765.9M	156.3M	328.4M	63.8M	262.8M	127.2M	7B	9.8B	11.4B	2.8B	3.5B	4.3B	11.2B	8.1B	8.8B	10.1B	8.3B	6.3B
Total Debt	11B	9.2B	5B	6.9B	3.1B	1.8B	891.8M	781.2M	460.7M	96.7M	122.1M	210.6M	466.2M	746.8M	1.2B	220.9M	7.2B	9.3M	9.5M	9.6M
Net Debt	10.8B	8.9B	4.7B	6.5B	2.8B	1B	821.2M	729.3M	11M	-163.4M	-43M	28.1M	-99.2M	345.5M	787.9M	-124.3M	6.6B	-351.9M	-224.9M	-37.6M
Shares Outstanding	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937	102,200,937

SEC Filings

MFA - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	April 17, 2026	June 03, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 18, 2026	2026	View Filing

Showing 1 to 2 of 2 filings

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