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NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

MFA Financial, Inc. MFA

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Net income

$176.8M

▲ 48.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

Revenue, FY2025 · full 18-year series below

Revenue $M Net income $M

FY2013 · Revenue 0.0 · Net income 302.7

150M300M

2008201120142017202020232025

Compound annual growth

Net income

−5.6%

−2.8%

Dividend / share

−4.8%

Returned to shareholders

−16.9%

+0.8%

−5.8%

−3.1%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

ROE

FY2025 · ROE 9.6%

5%10%15%-10%-20%

200820162025

Three returns, three denominators.

Return on equity9.6%

Return on assets1.4%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin·

Net margin·

EBITDA·

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 163.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2022 · FCF 355.0

150M300M

200820162025

Net buybacks $M Dividends $M

FY2025 · Dividends 148.2 · Net buybacks 15.2

250.0M500.0M-250.0M-500.0MDividendsNet buybacks

2008201120142017202020232025

Dividends paidUSD 148.2M

Net buybacksUSD 15.2M

Share of profit92.4%

Consecutive raises1 year

USD 148.2M in dividends and USD 15.2M in buybacks — 92% of the year's profit went back to shareholders.

Total assetsUSD 13.0B

EquityUSD 1.8B

CashUSD 213.2M

Equity funds 14% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

MFA, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	0.0	0.0	0.0	0.0	0.0	0.0
Operating income $B	0.2	0.1	0.1	−0.2	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌
Net income $B	0.2	0.1	0.1	−0.2	0.3	−0.7	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.0
Free cash flow $B	◌	◌	◌	0.4	0.1	0.0	0.2	0.1	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.3	0.2
EPS, diluted $	1.30	0.82	0.46	−2.57	2.63	−6.28	0.79	0.68	0.79	0.80	0.80	0.81	0.78	0.83	0.90	0.93	1.06	0.21
Dividend / sh $	1.44	1.40	1.67	1.67	1.54	0.50	0.80	0.80	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout %	84	121	179	−79	47	−17	96	109	96	95	95	94	197	111	104	96	83	286
ROE %	9.6	6.4	4.1	−10.2	13.0	−23.0	11.1	9.0	10.2	10.4	10.2	9.9	9.4	10.6	13.3	12.2	15.7	3.6
Shares out B	0.10	0.10	0.10	0.10	0.43	0.45	0.45	0.45	0.40	0.37	0.37	0.37	0.37	0.36	0.36	0.28	0.28	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

BN · CBRE · JLL · WELL · AMT · CWK

Provenance

Company facts, as filed

How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the share count is not tagged before 2009. Two checks were skipped: the balance sheet is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityReal Estate Investment Trusts

Listed onNYSE

Incorporated inMaryland

Fiscal year endsDecember 31

Data on record since2008