Mfa Financial, Inc.MFA

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$8.16
Market cap
$824.9M
P/E
5.6x
Revenue (TTM)
—
Net income
$148.2M
Dividend yield
17.65%
1-year total return
-1.0%
Net margin
—
Revenue growth
—
Debt / equity
—

What Mfa Financial, Inc. does.

We are a specialty finance company that invests in and finances residential mortgage assets. Our targeted investments include principally the following:

• Residential whole loans, including Non-QM loans, Business purpose loans, and Legacy RPL/NPL loans, which we acquire and hold through certain trusts that are consolidated on our balance sheet for financial reporting purposes. Through our wholly-owned subsidiary, Lima One Capital, LLC (together with its parent company, Lima One Holdings, LLC, “Lima One”), a leading nationwide originator and servicer of Business purpose loans (or BPLs), which we acquired on July 1, 2021, we originate and service BPLs for real estate investors. We also own real estate (or REO), which is typically acquired as a result of the foreclosure or other liquidation of delinquent whole loans in connection with our loan investment activities.

Our principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. We selectively invest in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. We are an internally-managed real estate investment trust (or REIT).

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue——————
Net income-$679.4M$328.9M-$231.6M$80.2M$119.3M$176.8M
Free cash flow$33.5M$125.8M$355.0M———

More on MFA.

Figures from Mfa Financial, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.