MFA Financial, Inc. MFA
MFA Financial, Inc., along with its subsidiary entities, operates as a real estate investment trust (REIT) within the United States. The company strategically allocates capital into various residential mortgage-related assets. These assets include diverse mortgage-backed securities (MBS) such as non-agency, agency, and credit risk transfer instruments. Furthermore, MFA invests in residential whole loans, specifically purchasing performing, credit-deteriorated, and non-performing loans, in addition to assets linked to mortgage servicing rights. Having chosen to be classified as a REIT for tax purposes, the company avoids federal income taxation, contingent upon distributing a minimum of 90% of its taxable income to its shareholders. MFA Financial, Inc. was founded in 1997 and is based in New York, New York.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-20 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Distributable earnings / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model MFA yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $875.24M | $176.78M | $2.20M | $690.03M | $76.25M |
| 2024 | $279.61M | $119.25M | $3.20M | $644.13M | $200.12M |
| 2023 | $234.05M | $80.16M | $4.20M | $0.00 | $108.74M |
| 2022 | $-67.62M | $-231.58M | $9.20M | $36.46M | $366.08M |
| 2021 | $488.32M | $328.87M | $6.60M | $455.86M | $120.29M |
| 2020 | $-555.87M | $-679.39M | $0.00 | $0.00 | $38.40M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-31 | 2026-06-11 | $0.36 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-30 | 2026-03-05 | $0.36 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-30 | 2025-12-11 | $0.36 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-31 | 2025-09-11 | $0.36 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-31 | 2025-06-12 | $0.36 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-30 | 2025-03-06 | $0.36 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-31 | 2024-12-11 | $0.35 | Quarterly |
| 2024-09-27 | 2024-09-27 | 2024-10-31 | 2024-09-12 | $0.35 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-31 | 2024-06-11 | $0.35 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-30 | 2024-03-07 | $0.35 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-31 | 2023-12-13 | $0.35 | Quarterly |
| 2023-09-29 | 2023-10-02 | 2023-10-31 | 2023-09-20 | $0.35 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-31 | 2023-06-15 | $0.35 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-28 | 2023-03-10 | $0.35 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-31 | 2022-12-14 | $0.35 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-31 | 2022-09-13 | $0.44 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-29 | 2022-06-15 | $0.44 | Quarterly |
| 2022-03-21 | 2022-03-22 | 2022-04-29 | 2022-03-11 | $0.11 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-31 | 2021-12-14 | $0.11 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-29 | 2021-09-15 | $0.10 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-30 | 2021-06-15 | $0.10 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-30 | 2021-03-12 | $0.07 | Quarterly |
| 2020-12-29 | 2020-12-30 | 2021-01-29 | 2020-12-17 | $0.07 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-30 | 2020-08-06 | $0.05 | Semi-Annual |
Coverage (payout of operating cash flow): 198.89%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — MFA
Algert Global LLC Sells 78,870 Shares of MFA Financial, Inc. $MFA
Readers Flag 31 Ideal 'Safer' Dividend Buys In July
MFA Financial, Inc. Announces Third Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock
MFA Financial Q2 Earnings Call Highlights
Buy 9 August Dividend Power Dogs
MFA Financial, Inc. (MFA) Q2 2026 Press Conference Call Transcript
MFA Financial, Inc. Announces Second Quarter 2026 Financial Results
MFA Financial, Inc. Plans Live Audio Webcast of Second Quarter 2026 Earnings Conference Call
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Mortgage REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.