MFA Financial Inc (MFA) - Net Assets
Based on the latest financial reports, MFA Financial Inc (MFA) has net assets worth $1.82 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.10 Billion) and total liabilities ($10.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MFA Financial Inc (MFA) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.82 Billion |
| % of Total Assets | 15.06% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | -27.05% |
| 10-Year Change | -37.93% |
| Growth Volatility | 43.05 |
MFA Financial Inc - Net Assets Trend (1998–2024)
This chart illustrates how MFA Financial Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is MFA Financial Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for MFA Financial Inc (1998–2024)
The table below shows the annual net assets of MFA Financial Inc from 1998 to 2024. For live valuation and market cap data, see market value of MFA Financial Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.84 Billion | -3.06% |
| 2023-12-31 | $1.90 Billion | -4.47% |
| 2022-12-31 | $1.99 Billion | -21.79% |
| 2021-12-31 | $2.54 Billion | +0.71% |
| 2020-12-31 | $2.52 Billion | -25.39% |
| 2019-12-31 | $3.38 Billion | -0.94% |
| 2018-12-31 | $3.42 Billion | +4.74% |
| 2017-12-31 | $3.26 Billion | +7.51% |
| 2016-12-31 | $3.03 Billion | +2.25% |
| 2015-12-31 | $2.97 Billion | -7.37% |
| 2014-12-31 | $3.20 Billion | +1.94% |
| 2013-12-31 | $3.14 Billion | -5.10% |
| 2012-12-31 | $3.31 Billion | +32.56% |
| 2011-12-31 | $2.50 Billion | +10.99% |
| 2010-12-31 | $2.25 Billion | +3.79% |
| 2009-12-31 | $2.17 Billion | +72.48% |
| 2008-12-31 | $1.26 Billion | +35.57% |
| 2007-12-31 | $927.26 Million | +36.65% |
| 2006-12-31 | $678.56 Million | +2.64% |
| 2005-12-31 | $661.10 Million | -9.29% |
| 2004-12-31 | $728.83 Million | +50.29% |
| 2003-12-31 | $484.96 Million | +30.65% |
| 2002-12-31 | $371.20 Million | +82.30% |
| 2001-12-31 | $203.62 Million | +191.26% |
| 2000-12-31 | $69.91 Million | +3.42% |
| 1999-12-31 | $67.60 Million | -4.79% |
| 1998-12-31 | $71.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MFA Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 187564100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.02 Million | 0.06% |
| Other Comprehensive Income | $9.48 Million | 0.51% |
| Other Components | $3.71 Billion | 201.50% |
| Total Equity | $1.84 Billion | 100.00% |
MFA Financial Inc Competitors by Market Cap
The table below lists competitors of MFA Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
|
$985.04 Million |
|
Far Eastern Department Stores Ltd
TW:2903
|
$985.30 Million |
|
Hana Materials Inc
KQ:166090
|
$986.95 Million |
|
Queclink Wireless Solutions Co Ltd
SHE:300590
|
$987.30 Million |
|
Uroica Mining Safety Eng
SHE:300099
|
$983.91 Million |
|
Dongguan Kingsun Optoelectronic Co Ltd
SHE:002638
|
$983.82 Million |
|
Swedish Logistic Property AB Series B
ST:SLP-B
|
$983.65 Million |
|
Aktis Oncology, Inc. Common stock
NASDAQ:AKTS
|
$983.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFA Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,899,915,000 to 1,841,792,000, a change of -58,123,000 (-3.1%).
- Net income of 119,251,000 contributed positively to equity growth.
- Dividend payments of 176,746,000 reduced retained earnings.
- Share repurchases of 1,572,000 reduced equity.
- Other comprehensive income decreased equity by 8,222,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $119.25 Million | +6.47% |
| Dividends Paid | $176.75 Million | -9.6% |
| Share Repurchases | $1.57 Million | -0.09% |
| Other Comprehensive Income | $-8.22 Million | -0.45% |
| Other Changes | $9.17 Million | +0.5% |
| Total Change | $- | -3.06% |
Book Value vs Market Value Analysis
This analysis compares MFA Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.01x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $10.28 | $10.39 | x |
| 1999-12-31 | $9.81 | $10.39 | x |
| 2000-12-31 | $31.53 | $10.39 | x |
| 2001-12-31 | $53.13 | $10.39 | x |
| 2002-12-31 | $35.75 | $10.39 | x |
| 2003-12-31 | $35.88 | $10.39 | x |
| 2004-12-31 | $38.25 | $10.39 | x |
| 2005-12-31 | $36.42 | $10.39 | x |
| 2006-12-31 | $45.39 | $10.39 | x |
| 2007-12-31 | $40.37 | $10.39 | x |
| 2008-12-31 | $27.93 | $10.39 | x |
| 2009-12-31 | $35.36 | $10.39 | x |
| 2010-12-31 | $32.02 | $10.39 | x |
| 2011-12-31 | $29.25 | $10.39 | x |
| 2012-12-31 | $37.12 | $10.39 | x |
| 2013-12-31 | $34.68 | $10.39 | x |
| 2014-12-31 | $34.72 | $10.39 | x |
| 2015-12-31 | $31.90 | $10.39 | x |
| 2016-12-31 | $32.62 | $10.39 | x |
| 2017-12-31 | $33.53 | $10.39 | x |
| 2018-12-31 | $32.40 | $10.39 | x |
| 2019-12-31 | $28.94 | $10.39 | x |
| 2020-12-31 | $22.34 | $10.39 | x |
| 2021-12-31 | $21.46 | $10.39 | x |
| 2022-12-31 | $19.28 | $10.39 | x |
| 2023-12-31 | $18.34 | $10.39 | x |
| 2024-12-31 | $17.52 | $10.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFA Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.65%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 6.19x
- Recent ROE (6.47%) is below the historical average (6.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 4.09% | 63.04% | 0.02x | 3.73x | $-4.19 Million |
| 1999 | 11.24% | 73.79% | 0.02x | 7.76x | $840.00K |
| 2000 | 11.25% | 76.20% | 0.02x | 7.47x | $874.97K |
| 2001 | 1.86% | 15.68% | 0.01x | 10.16x | $-16.58 Million |
| 2002 | 15.11% | 90.48% | 0.02x | 9.71x | $18.97 Million |
| 2003 | 11.93% | 87.20% | 0.01x | 9.41x | $9.35 Million |
| 2004 | 10.71% | 85.26% | 0.01x | 9.49x | $5.19 Million |
| 2005 | 1.01% | 16.33% | 0.01x | 8.84x | $-59.40 Million |
| 2006 | 1.29% | 53.33% | 0.00x | 9.50x | $-59.10 Million |
| 2007 | 3.26% | 69.61% | 0.01x | 9.28x | $-62.52 Million |
| 2008 | 3.64% | 70.80% | 0.01x | 8.47x | $-79.91 Million |
| 2009 | 12.37% | 96.57% | 0.03x | 4.44x | $51.36 Million |
| 2010 | 11.99% | 91.11% | 0.03x | 3.86x | $44.72 Million |
| 2011 | 12.67% | 88.34% | 0.03x | 4.70x | $66.64 Million |
| 2012 | 9.27% | 87.89% | 0.03x | 4.08x | $-24.26 Million |
| 2013 | 9.63% | 88.85% | 0.03x | 3.97x | $-11.52 Million |
| 2014 | 9.79% | 87.38% | 0.03x | 3.86x | $-6.82 Million |
| 2015 | 10.56% | 87.99% | 0.03x | 4.44x | $16.50 Million |
| 2016 | 10.31% | 87.15% | 0.03x | 4.11x | $9.28 Million |
| 2017 | 9.88% | 86.42% | 0.03x | 3.36x | $-3.77 Million |
| 2018 | 8.83% | 86.76% | 0.03x | 3.64x | $-39.81 Million |
| 2019 | 11.17% | 87.26% | 0.03x | 4.01x | $39.72 Million |
| 2020 | -26.91% | 0.00% | -0.08x | 2.75x | $-931.87 Million |
| 2021 | 12.93% | 97.52% | 0.04x | 3.59x | $74.59 Million |
| 2022 | -11.64% | 0.00% | -0.01x | 4.58x | $-430.47 Million |
| 2023 | 4.22% | 34.25% | 0.02x | 5.67x | $-109.83 Million |
| 2024 | 6.47% | 42.65% | 0.02x | 6.19x | $-64.93 Million |
Industry Comparison
This section compares MFA Financial Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,017,694,943
- Average return on equity (ROE) among peers: 3.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MFA Financial Inc (MFA) | $1.82 Billion | 4.09% | 5.64x | $984.59 Million |
| Arbor Realty Trust (ABR) | $154.75 Million | 2.20% | 1.19x | $1.55 Billion |
| Acres Commercial Realty Corp (ACR) | $553.82 Million | 4.95% | 2.85x | $138.06 Million |
| Ares Commercial Real Estate (ACRE) | $625.85 Million | -6.21% | 2.64x | $286.25 Million |
| AFC Gamma Inc (AFCG) | $201.38 Million | 8.33% | 1.00x | $61.88 Million |
| AGNC Investment Corp (AGNC) | $546.82 Million | 21.69% | 7.46x | $12.12 Billion |
| Angel Oak Mortgage Inc (AOMR) | $491.39 Million | 4.30% | 4.25x | $210.28 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.21 Billion | 2.63% | 3.21x | $1.43 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |
| Brightspire Capital Inc (BRSP) | $1.49 Billion | -6.78% | 2.78x | $755.61 Million |
| Blackstone Mortgage Trust Inc (BXMT) | $3.79 Billion | -5.38% | 4.22x | $3.21 Billion |
About MFA Financial Inc
MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage ser… Read more