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 | $692.23M | $76.25M |
| 2024 | $279.61M | $119.25M | $3.20M | $122.89M | $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. |
|---|---|---|---|---|---|
| 2026-10-05 | 2026-10-05 | 2026-10-30 | 2026-09-23 | $0.36 | Quarterly |
| 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 |
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
Buy 7 October Dividend Power Dogs If You Dare
MFA Financial, Inc. Plans Live Audio Webcast of Third Quarter 2026 Earnings Conference Call
MFA Financial (NYSE:MFA) Reaches New 1-Year Low – Time to Sell?
Experian NeuroID Recognized as Best Authentication Innovation in 2026 Fraud & AML Impact Awards
MFA Financial, Inc. Announces CEO Succession Plan and Senior Leadership Appointment
MFA Financial (NYSE:MFA) Sets New 52-Week Low – Here’s Why
MFA Financial, Inc. $MFA Shares Bought by Corient Private Wealth LP
MFA Financial, Inc. Announces Dividend of $0.36 per Share
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.