XNYSMFApC
Market cap1.08bUSD
Dec 24, Last price
24.33USD
1D
-0.47%
1Q
1.86%
Name
MFA Financial Inc
Profile
MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets. The company has elected to be taxed as a REIT and would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is headquartered in New York, New York.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 234,046 19.50% | 195,854 -41.92% | 337,220 -160.67% | |||||||
Cost of revenue | 164,082 | 165,434 | 123,413 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 69,964 | 30,420 | 213,807 | |||||||
NOPBT Margin | 29.89% | 15.53% | 63.40% | |||||||
Operating Taxes | 15,760 | 33,919 | ||||||||
Tax Rate | 51.81% | 15.86% | ||||||||
NOPAT | 69,964 | 14,660 | 179,888 | |||||||
Net income | 80,164 -132.41% | (247,341) -175.21% | 328,870 -148.41% | |||||||
Dividends | (175,978) | (216,910) | (189,015) | |||||||
Dividend yield | 15.08% | 21.35% | 34.99% | |||||||
Proceeds from repurchase of equity | (7) | (101,128) | (83,766) | |||||||
BB yield | 0.00% | 9.95% | 15.51% | |||||||
Debt | ||||||||||
Debt current | 6,812,086 | 226,470 | ||||||||
Long-term debt | 5,046,946 | 3,676,063 | 2,966,897 | |||||||
Deferred revenue | 7,123,556 | 6,596,840 | ||||||||
Other long-term liabilities | (10,776,579) | (6,641,817) | ||||||||
Net debt | 3,963,076 | 9,820,602 | 2,526,122 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 108,739 | 366,077 | 120,293 | |||||||
CAPEX | (300) | (12,048) | ||||||||
Cash from investing activities | (1,549,590) | (1,126,656) | (2,167,028) | |||||||
Cash from financing activities | 1,434,981 | 850,213 | 1,629,663 | |||||||
FCF | 6,366,569 | (6,280,394) | 141,276 | |||||||
Balance | ||||||||||
Cash | 318,000 | 334,183 | 304,696 | |||||||
Long term investments | 765,870 | 333,364 | 362,549 | |||||||
Excess cash | 1,072,168 | 657,754 | 650,384 | |||||||
Stockholders' equity | (1,798,852) | 4,667,877 | 4,786,678 | |||||||
Invested Capital | 12,279,088 | 15,198,383 | 8,670,797 | |||||||
ROIC | 0.51% | 0.12% | 2.41% | |||||||
ROCE | 0.67% | 0.19% | 2.28% | |||||||
EV | ||||||||||
Common stock shares outstanding | 103,578 | 103,153 | 118,466 | |||||||
Price | 11.27 14.42% | 9.85 116.01% | 4.56 17.22% | |||||||
Market cap | 1,167,324 14.89% | 1,016,057 88.09% | 540,207 22.89% | |||||||
EV | 5,130,590 | 17,200,168 | 9,085,831 | |||||||
EBITDA | 74,164 | 3,106 | 220,407 | |||||||
EV/EBITDA | 69.18 | 5,537.72 | 41.22 | |||||||
Interest | 429,118 | 258,843 | 120,385 | |||||||
Interest/NOPBT | 613.34% | 850.90% | 56.31% |