MFA Financial, Inc/$MFA
MFA shares fall as Q3 distributable earnings missed estimates and a $122.4 million GAAP loss reflected Treasury-yield spikes and wider mortgage spreads, driving a 10.6% negative economic return.
11 hours agoLightyear AI
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About MFA Financial, Inc
MFA Financial Inc is a specialty finance company that invests in and finances residential mortgage assets. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The company selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. The company's reportable segments include mortgage-related assets; and Lima One.
- Ticker
- $MFA
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 307
- Headquarters
- New York, United States
- Website
- www.mfafinancial.com
MFA Metrics
BasicAdvanced
$628M
-
-$0.53
1.59
$1.44
23.19%
Price and volume
Market cap
$628M
Beta
1.59
52-week high
$10.43
52-week low
$6.21
Average daily volume
2.8M
Dividend rate
$1.44
Financial strength
Current ratio
36.879
Quick ratio
36.042
Long term debt to equity
7.139
Total debt to equity
7.13
Profitability
Gross margin (TTM)
76.75%
Net profit margin (TTM)
-9.05%
Operating margin (TTM)
-8.72%
Revenue per employee (TTM)
$430,000
Management effectiveness
Return on assets (TTM)
-0.09%
Return on equity (TTM)
-0.67%
Valuation
Price to revenue (TTM)
4.853
Price to book
0.39
Price to tangible book (TTM)
0.39
Price to free cash flow (TTM)
1.509
Free cash flow yield (TTM)
66.27%
Free cash flow per share (TTM)
4.115
Dividend yield (TTM)
23.19%
Forward dividend yield
23.19%
Growth
Revenue change (TTM)
-52.49%
Earnings per share change (TTM)
-162.06%
3-year revenue growth (CAGR)
-1.44%
10-year revenue growth (CAGR)
-10.09%
3-year earnings per share growth (CAGR)
14.08%
10-year earnings per share growth (CAGR)
-16.18%
3-year dividend per share growth (CAGR)
0.94%
10-year dividend per share growth (CAGR)
-7.67%
What the Analysts think about MFA
Analyst ratings (Buy, Hold, Sell) for MFA Financial, Inc stock.
Analyst projections of the future price of MFA Financial, Inc stock.
Bulls say / Bears say
Underlying earnings improved: distributable earnings before realised credit losses reached $0.39 per share after excluding one-off benefits, up from the prior quarter and year earlier. That suggests the newer portfolio is beginning to offset the drag from older problem loans. (The Motley Fool, MFA Financial, Inc.)
Credit indicators are moving in the right direction: loans 60 or more days delinquent fell to 6.7% from 7.0%, while the legacy multifamily portfolio was below $300 million in unpaid principal. A smaller troubled book could mean less drag from credit losses over time. (MFA Financial, Inc., The Motley Fool)
MFA bought $1.6 billion of assets in the quarter, including Non-QM loans and higher-coupon Agency securities, and management says new investments can earn mid-to-high-teen returns on equity. If it can put more capital to work at those returns, earnings could grow from here. (MFA Financial, Inc., The Motley Fool)
Rising rates and wider mortgage spreads drove economic book value down 13.3% in the quarter, and total economic return was negative 10.6%. The sharp fall shows how quickly market moves can erode shareholder value despite hedging. (MFA Financial, Inc., The Motley Fool)
The $0.36 quarterly dividend exceeded distributable earnings of $0.26 per share in Q3. A further headwind is the expiry of $1.3 billion of low-rate swaps, which currently add about $0.08 per share to quarterly earnings, leaving the payout more dependent on successful reinvestment. (MFA Financial, Inc., The Motley Fool)
Debt was 7.1 times net equity, while MFA still recorded $18.9 million of realised credit losses and had 6.7% of residential loans at least 60 days delinquent. That leverage can magnify losses if borrower performance or asset values deteriorate further. (MFA Financial, Inc., The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.
MFA Financial Performance
Revenues and expenses
MFA Earnings Performance
Company profitability
Upcoming events
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Funds containing MFA
Fund name | Fund size | $MFA weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.02% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.02% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.02% |
iShares MSCI World Small Cap€IUSN | $9B | 0.01% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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