Income StatementBalance SheetCash FlowSegments
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MFA Financial Cash Flow Statement

Operating, investing, and financing cash movements

MFA Financial generated $161.9M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$161.9MNet Cash From Investing (TTM)-$1.8BNet Cash From Financing (TTM)$1.5BCapital Expenditures (TTM)$54.2MNet Change In Cash (TTM)-$230.3M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$975.3M
P/E Ratio7.24
ROE7.44%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales of short-term available-for-sale investments$0.0$2.6M$0.0$18.2M$26.0M$1.6M
Payment for (Proceeds from) Other Investing Activity-$57.3M$62.6M—$25.3M$40.1M-$7.8M
Payment for Acquisition, Loan, Held-for-Investment$729.3M$607.8M$743.8M$678.7M$658.3M$675.7M
Sale of investments$0.0$2.6M$0.0$18.2M$26.0M$1.6M
Sales of notes receivable originally classified as held for investment$246.4M$72.3M$64.8M$83.3M$54.6M$85.8M
Proceeds From Sale Of Real Estate Heldforinvestment$18.0M$24.3M$22.3M$27.3M$22.5M$26.3M
Net cash from investing activities-$241.8M-$251.5M-$30.5M-$272.0M-$1.2B-$225.6M
Proceeds from maturities/sales of investments$0.0$2.6M$0.0$18.2M$26.0M$1.6M
Purchases of investments$465.1M$299.6M$162.2M$355.8M$1.3B$350.9M
Proceeds from Principal Repayments on Loans and Leases$591.5M$586.8M$643.2M$615.8M$591.1M$551.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$21.6M$25.4M$30.3M$29.3M$22.0M$25.3M
Net increase (decrease) in cash$98.4M-$128.0M—-$8.0M-$150.3M$24.1M
Receivable for sale of unsettled residential whole loans$0.0$0.0$0.0$0.0$0.0—
Increase/(decrease) in lease liability from lease modification—$0.0———-$36.0M
Increase/(decrease) in right-of-use lease asset from lease modification—$0.0———-$32.6M
Payable for unsettled investment purchases$0.0$31.0M-$31.0M$116.9M-$116.9M$41.8M
Payments Made For Securitization Related Cost$2.4M$2.2M$2.0M$3.9M$2.9M$3.0M
Principal Payments on Financing Agreements with Non Mark to Market Collateral Provisions$609.5M$444.3M$437.0M$412.0M$608.2M$813.8M
Principal Payments On Securities Sold Under Agreements To Repurchase And Other Advances$1.1B$406.6M$692.6M$915.3M$680.8M$797.4M
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions$966.7M$699.3M$895.6M$882.9M$1.9B$1.1B
Proceeds from borrowings under other collateralized financing agreements$1.1B$341.1M$364.8M$755.5M$519.6M$797.1M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in other assets-$39.4M-$30.7M———-$23.6M
Change in other liabilities-$6.4M-$4.3M$7.8M$4.3M$0.0$1.1M
Other working capital changes-$57.3M$62.6M—$25.3M$40.1M-$7.8M
Net Gain (Loss) on Derivatives-$31.9M$83.1M$12.3M$724.0K$0.0-$13.5M
Net cash from operating activities$111.4M-$14.6M$38.5M$14.7M$37.6M$71.1M
Net income$5.9M$41.2M$33.2M$48.1M$54.3M-$984.0K
Accretion and Amortization of Purchase Discounts—-$741.0K$1.9M-$505.0K-$1.9M-$3.2M
Gain (Loss) on Sale of Derivatives$46.6M-$44.8M-$15.4M-$6.0M$0.0$26.8M
Impairment and other net (gain)/loss on securities and other portfolio investments, net$25.8M-$21.2M-$6.6M-$18.0M-$15.7M$38.3M
Increase (Decrease) in Other Operating Assets-$39.4M-$30.7M———-$23.6M
Net Gain (Loss) On Real Estate Owned$14.0K-$1.5M-$2.9M$0.0-$2.7M-$3.0M
Net other non-cash (gains)/losses included in net income$9.2M$12.1M$30.6M$17.0M$7.7M$7.3M
Provision/(reversal of provision) for credit losses on residential whole loans and other assets—$145.0K$791.0K$276.0K—-$241.0K
Residential Whole Loans, Gain (Loss)—$55.8M$34.4M$42.9M$5.8M-$32.1M
Unrealized Gain (Loss) On Securitized Debt At Fair Value—-$18.6M-$3.7M-$21.3M$0.0$22.9M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$36.0M$35.9M$37.4M$37.6M$37.3M$38.9M
Dividends paid on preferred stock$8.2M$8.2M$10.6M$10.8M$10.7M$10.4M
Payments for Hedge, Financing Activities—$0.0$17.2M$8.8M$1.3M$6.8M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$8.2M$8.2M$10.6M$10.8M$10.7M$10.4M
Net cash from financing activities$228.8M$138.1M$63.7M$249.3M$1.0B$178.7M
Proceeds from issuance of preferred stock$0.0$0.0——$4.8M$3.4M
Proceeds from issuance of common stock-$20.0K-$20.0K-$20.0K-$21.0K-$7.0K-$10.0K
Repurchases of common stock—$5.2M$0.0$5.1M$5.0M$9.0M
Payments for Hedge Financing Activities—$0.0$17.2M$8.8M$1.3M$6.8M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$126.8M$122.6M$126.9M$127.8M$131.0M$132.3M