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Companies / Financials / MFA Financial, Inc.
MFA

MFA Financial, Inc.

Ticker MFANEW YORK, NYFiscal year ends DecemberBook value per share $15.57Diluted shares 103.7M

MFA Financial, Inc. (NYSE: MFA) is a specialty finance company that invests in and finances residential mortgage assets. Its portfolio includes residential whole loans—such as non-qualified mortgage, business-purpose, and re-performing or non-performing loans—as well as Agency and non-Agency mortgage-backed securities… From the company’s description.

In fiscal 2025, MFA Financial, Inc. reported net income of $176.78M. Operations generated $76.25M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
—
0.00%FY2025
$176.78MFY2025
+48.2% year over year
Last 12 mo $-11.56M
9.67%FY2025
+3.2 percentage points
Last 12 mo -0.72%
Cash & financing
$76.25MFY2025
−61.9% year over year
Last 12 mo $468.61M
$76.25MFY2025
−61.9% year over year
Last 12 mo $468.61M
—
104.0MFY2025
−1.1% year over year
Last 12 mo 103.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MFA Financial, Inc. does

In the company’s own words

MFA Financial, Inc. (NYSE: MFA) is a specialty finance company that invests in and finances residential mortgage assets. Its portfolio includes residential whole loans—such as non-qualified mortgage, business-purpose, and re-performing or non-performing loans—as well as Agency and non-Agency mortgage-backed securities and credit risk transfer securities. Through subsidiary Lima One Capital, MFA originates and services business-purpose loans for real estate investors, including short-term loans for residential and multifamily property rehabilitation and single-family rental financing. The company operates as an internally managed real estate investment trust, conducting its real estate finance businesses primarily through wholly owned subsidiaries. At December 31, 2025, residential whole loans totaled $8.8 billion, or about 71% of investment-related assets, and residential mortgage securities totaled $3.4 billion, or about 27%. MFA acquired Lima One in 2021; the subsidiary originated $0.9 billion of loans during 2025. MFA had 307 employees at year-end 2025. Its website is www.mfafinancial.com.

Company details
Sector
Financials
Industry (SIC)
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1055160
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-794.85M$-448.47M$-102.08M$244.30M$590.69M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MFA Financial, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

153
funds hold it
0 of 35
superinvestors hold it
$272.17M
held by funds, at market
27.5%
of shares held by funds
1
bond issues held by funds

Largest fund holders · MFA Financial, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.02%of fund net assets
Invesco KBW High Dividend Yield Financial ETF
KBWD · Invesco Exchange-Traded Fund Trust II
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MFA Financial, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of MFA Financial, Inc.’s debt, $0.47M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.88%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do MFA Financial, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of MFA Financial, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in MFA Financial, Inc.'s last four quarterly filings that the numbers alone won't show?”
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