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← CockpitCompetitor Analysis › MFA MFA Financial, Inc.Open in the cockpit ↗

MFA Financial, Inc.MFACompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum laggard 13
Mkt cap
$628M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$18.8M
20-day average traded
P/B
0.39×
price to book
ROE
-0.7%
delivered
Implied ROE
6.8%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · USD$6.21
1D-5.2%
1W-6.8%
1M-13.5%
3M-31.7%
6M-37.3%
YTD-33.3%
1Y-32.9%
ATR %3.7%
Beta0.55
52w lowhigh40.5% off high

What MFA Financial does

Employees: 307

MFA Financial at a glance

Size MFA Financial (MFA) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $628M, the 2561st largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.21 on 6 Nov 2026.

Performance Over six months the shares fell 37.3%, against -8.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue fell 10.3% over the last twelve months (peer median +6.6%); the operating margin is 79.5% (peer median 54.5%).

Valuation It trades at 0.39× book value against a peer median of 0.82× (3rd cheapest of 21).

Price implies The share price implies a return on equity of about 6.8%; MFA Financial delivers -0.7%, so the price asks more than the business earns today.

Short interest Short interest is 5.8% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 90MFA 64
Six months, rebased to 100: MFA Financial against the median of its 20 peers (local-currency closes).

MFA Financial financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$684M$715M$846M$656M$794M
Revenue growth—-15%+29%-17%—
Gross profit$653M$679M$808M$617M$742M
EBITDAn/a$700M$639M$496M$8.44M
Net income-$12.4M$176M$119M$80.2M-$232M
Free cash flown/a$76.2M$200M$109M$366M
Capital expendituren/a$0$0$0$300,000
Total debt$11.5B$11.0B$9.20B$8.58B$6.86B

Quarterly statements and history in the cockpit →

MFA Financial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-30%-20%-10%0%-10%0%+10%CRPUCIMAHRTQRICMWIVRDCRUSVC451800STRWCQEPMTYATOFVR01010TBFS8958MHC-UNMRG-UNBDNMFA6-month return →1-month return →
Up and to the right = strong over both horizons. MFA Financial is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%00×20×40×60×CRPUCIMAHRTQRICMWIVRDCRUSVC451800STRWYATOBFSMHC-UNBDNMFAReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. MFA Financial is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%-50%0%50%CRPUCIMIVRSVCSTRWBFSMHC-UNBDNMFAROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. MFA Financial is the large dot.

MFA Financial competitors and peer comparison

How MFA Financial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

MFA Financial against its 20 peers (data as of 6 Nov 2026)
MeasureMFAPeer medianRank in peer set
1-month return-13.5%+0.5%4th lowest of 21
6-month return-37.3%-8.9%2nd lowest of 21
Return on equity-0.7%5.0%4th lowest of 21
Price / book0.39×0.82×3rd cheapest of 21
ROE the price implies6.8%7.2%10th least demanding of 21
ROE delivered-0.7%5.3%4th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
MFA Financial MFAUnited States$628M-37%-10%-1%0.39×6.8%-0.7%
Sasseur Real Estate Investment Trust CRPU.SISingapore$621M-7%-13%5%0.76×4.1%5.3%
Chimera Investment CIMUnited States$612M-46%+14%0%0.41×7.5%0.0%
AH Realty Trust AHRTUnited States$607M0%-48%0%1.12×11.4%n/a
Qualitas Real Estate Income Fund Units QRI.AXAustralia$649M-6%+12%7%0.93×6.3%7.1%
Cromwell Property CMW.AXAustralia$662M-13%0%9%0.63×8.2%9.1%
Invesco Mortgage Capital IVRUnited States$590M-34%-105%-3%0.80×11.2%-3.5%
Digital Core REIT DCRU.SISingapore$588M-11%+19%4%0.57×5.0%4.3%
Service Properties Trust SVCUnited States$673M-37%-12%-56%0.17×4.8%-56.3%
Hanwha REIT 451800.KSSouth Korea$584M-26%+13%5%1.18×5.9%4.6%
Strawberry Fields REIT STRWUnited States$678M-5%+18%71%20.65×72.4%71.4%
Charter Hall Social Infrastructure REIT CQE.AXAustralia$681M+4%+12%6%0.67×8.3%6.3%
PennyMac Mortgage Investment Trust PMTUnited States$685M-29%+11%5%0.55×7.3%4.5%
Atom Hoteles SOCIMI YATO.MCSpain$572M-7%-1%17%1.55×7.1%n/a
FrontView REIT FVRUnited States$566M+5%+9%0%1.03×10.5%0.4%
Millerful No 1 Real Estate Investment Trust 01010T.TWTaiwan$698M0%+4%3%0.93×3.4%n/a
Saul Centers BFSUnited States$705M-19%+9%11%6.38×43.2%11.3%
Global One Real Estate Investment 8958.TJapan$707M-17%-11%8%0.99×4.9%8.5%
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%14%0.78×4.7%14.4%
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%6%0.37×4.9%5.5%
Brandywine Realty Trust BDNUnited States$551M+4%+4%-19%0.85×10.1%-18.8%

Questions

Which companies are MFA Financial's closest peers?
The cockpit's peer set: Sasseur Real Estate Investment Trust (CRPU.SI), Chimera Investment (CIM), AH Realty Trust (AHRT), Qualitas Real Estate Income Fund Units (QRI.AX), Cromwell Property (CMW.AX), Invesco Mortgage Capital (IVR), Digital Core REIT (DCRU.SI), Service Properties Trust (SVC).
Is MFA Financial expensive compared with its peers?
On price / book it trades at 0.39× against a peer median of 0.82×, 3rd cheapest of 21 in its peer set. The share price implies a return on equity of about 6.8%; MFA Financial delivers -0.7%, so the price asks more than the business earns today.
How has MFA Financial stock performed?
Over six months to 6 Nov 2026 the shares returned -37.3% against -8.9% for the median peer; over one year -32.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.