Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $299M | - | $177M | $76M | 9.7% | 18.1% | 48.2% |
| 2024 | $253M | - | $119M | $200M | 6.5% | 23.1% | 48.8% |
| 2023 | $205M | - | $80M | $109M | 4.2% | -342.9% | -134.6% |
| 2022 | $-85M | - | $-232M | $355M | -11.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 298.59 |
| Operating Revenue | 298.59 |
| Selling General And Administration | 119.41 |
| Interest Income | 745.06 |
| Interest Expense | 513.98 |
| Net Interest Income | 231.08 |
| Pretax Income | 176.05 |
| Tax Provision | -0.74 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -1.42 |
| Net Income Continuous Operations | 176.78 |
| Net Income From Continuing And Discontinued Operation | 176.78 |
| Net Income From Continuing Operation Net Minority Interest | 176.78 |
| Net Income | 176.78 |
| Net Income Common Stockholders | 135.68 |
| Net Income Including Noncontrolling Interests | 176.78 |
| Normalized Income | 182.12 |
| Diluted NI Availto Com Stockholders | 135.68 |
| Basic Average Shares | 104.17 |
| Diluted Average Shares | 104.97 |
| Reconciled Depreciation | 2.20 |
| Total Unusual Items | -6.76 |
| Total Unusual Items Excluding Goodwill | -6.76 |
| Preferred Stock Dividends | 40.32 |
| Special Income Charges | - |
| Restructuring And Mergern Acquisition | - |
| Gain On Sale Of Security | -29.22 |
| Depreciation Amortization Depletion Income Statement | 2.20 |
| Depreciation And Amortization In Income Statement | 2.20 |
| General And Administrative Expense | 119.41 |
| Other Gand A | - |
| Salaries And Wages | 77.67 |
| Otherunder Preferred Stock Dividend | 0.78 |
| Average Dilution Earnings | 0 |
| Amortization | 2.20 |
| Amortization Of Intangibles Income Statement | 2.20 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MFA Financial, Inc.this co. | MFA | $945M | 5.35↓ discount | 0.52 | 9.7% | - |
| Safehold Inc. | SAFE | $1.1B | 9.51 | 0.45 | 4.8% | 16.59 |
| eXp World Holdings, Inc. | EXPI | $1.1B | -47.26 | 4.42 | -9.4% | - |
| Service Properties Trust | SVC | $1.1B | -5.28 | 1.65 | -31.3% | 12.79 |
| Centerspace | CSR | $1.1B | 60.46 |
| - |
| - |
| - |
| - |
| - |
| 1.48 |
| 2.4% |
| 11.35 |
| Whitestone REIT | WSR | $992M | 19.86 | 2.16 | 10.9% | 13.51 |
| JBG SMITH Properties | JBGS | $901M | -6.48 | 0.78 | -12.0% | 22.01 |
| PennyMac Mortgage Investment Trust | PMT | $889M | 10.34 | 0.47 | 4.6% | - |
| Adamas Trust, Inc. | ADAM | $818M | 5.49 | 0.92 | 16.8% | - |
| Peer Median | - | 7.50 | 1.20 | 3.5% | 13.51 | |