MFA · Mfa Financial, Inc.
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Apr 5, 2022; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| 3-month prepayment rate | 10 | as of June 30, 2026 | — |
| Agency MBS | $4.1B | as of June 30, 2026 | — |
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| Agency MBS 3-month CPR | 10.6% | as of June 30, 2026 | — |
| Agency MBS Equity Allocation | 25.3% | Q2 2026 | — |
| Agency MBS quarterly yield | 5.31% | as of June 30, 2026 | — |
| Agency MBS TBA position (notional) | $478M | as of June 30, 2026 | — |
| Asset base | $321M | Q2 2026 | — |
| Asset Yield | 6.08% | Q2 2026 | — |
| Delinquency rate for remaining portfolio | 17.3% | Q2 2026 | — |
| Distributable earnings non-GAAP | $12.2M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP Net income/(loss) used in the calculation of basic EPS 35.93M
+21.02M Residential whole loans held at fair value
+4.36M Securities held at fair value
+0K Residential whole loans and securities at carrying value
-34.51M Derivative instruments
-27.3M Securitized debt held at fair value
-512K Other portfolio investments
+985K TBA dollar roll income
+300K Amortization of intangible assets
+2.21M Equity based compensation
+4.1M Securitization-related transaction costs
+5.65M Depreciation
= Distributable earnings 12.24M
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| Distributable earnings per basic common share non-GAAP | $0.12 | Q2 2026 | — |
| Distributable earnings prior to realized credit losses non-GAAP | $36.7M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Distributable earnings $12.2M
+$24.5M Realized credit losses on Residential whole loans at fair value, net of recoveries
= Distributable earnings prior to realized credit losses $36.7M
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| Distributable earnings prior to realized credit losses per basic common share non-GAAP | $0.35 | Q2 2026 | — |
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| Economic book value per common share non-GAAP | $13.2 | Q2 2026 | — |
| Effective Cost of Funds | 4.44% | Q2 2026 | — |
| First lien position | 99% | as of June 30, 2026 | — |
| Fixed rate | 88% | as of June 30, 2026 | — |
| Lima One mortgage banking income | $8.4M | Q2 2026 | — |
| Lima One originations since MFA’s acquisition | $8B | Q2 2026 | — |
| Loan Portfolio 60+ DQ Rate | 7% | Q2 2026 | — |
| Mortgage banking income | $8.4M | Q2 2026 | — |
| Multifamily Equity Allocation | 4.7% | Q2 2026 | — |
| Net equity allocated | $450M | Q2 2026 | — |
| Net equity allocated growth | 117% | Q2 2026 | — |
| Net Interest Spread | 1.64% | Q2 2026 | — |
| No borrower concentration above | 2% | Q2 2026 | — |
| No state concentration above | 15% | Q2 2026 | — |
| Origination Volume | $316M | Q2 2026 | — |
| Quarterly yield | 6.3% | as of June 30, 2026 | — |
| Stockholders' Equity including fair value adjustments to Residential whole loans and Securitized non-GAAP | 1.33B | June 30, 2026 | — |
| Total economic return | 2.6% | Q2 2026 | — |
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| Debt/Net Equity Ratio | 6.3 | Q1 2026 | — |
| Recourse leverage | 2.7 | Q1 2026 | — |
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| New stock repurchase program authorization | $200M | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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MFA
this stock
Mfa Financial, Inc.
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$919.90M | -4.0% | — | 9.0 | 3.7% |
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NLY
Annaly Capital Management Inc
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$17.89B | +4.2% | — | — | 2.8% |
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AGNC
AGNC Investment Corp.
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$12.95B | +1.9% | — | — | 8.4% |
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STWD
Starwood Property Trust, Inc.
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$6.11B | -8.9% | -5.3% | — | 4.9% |
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RITM
Rithm Capital Corp.
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$5.67B | -6.8% | -6.7% | 16.9 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Apr 5, 2022; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MFA | -2.9% | -1.4% | -11.6% | -1.9% | -4.0% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | -1.0% | -4.7% | -22.7% | -4.0% | -15.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.