MFA Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	305.17	338.93	318	334.18	304.7	814.35
Long-Term Investments	298.73	184.6	56.27	156.25	-	-
Loans & Lease Receivables	8,821	8,819	9,093	7,856	7,913	5,325
Other Receivables	114.54	126.04	123.01	92.17	84.38	55.53
Property, Plant & Equipment	44.65	35.46	37.82	39.46	39.37	0.76
Goodwill	61.08	61.08	61.08	61.08	61.08	-
Other Intangible Assets	2.9	4.8	8	12.2	21.4	-
Restricted Cash	231.8	262.38	170.21	159.9	99.75	7.17
Other Long-Term Assets	2,218	1,578	905.59	401.26	616.01	729.09
Total Assets	12,097	11,410	10,773	9,112	9,140	6,932
Accrued Expenses	228.22	272.19	153.01	98.36	125.33	35.87
Current Portion of Leases	1.74	5.29	-	-	-	-
Long-Term Debt	9,842	9,155	8,537	6,812	6,379	4,337
Long-Term Leases	49.76	35.76	43.58	45.31	44.98	0.64
Other Current Liabilities	37.33	36.02	35.79	35.77	47.75	34.02
Other Long-Term Liabilities	116.94	63.09	103.65	132.03	-	-
Total Liabilities	10,276	9,568	8,873	7,124	6,597	4,407
Common Stock	1.02	1.02	1.02	1.02	1.08	4.52
Additional Paid-In Capital	3,717	3,711	3,699	3,684	3,775	3,848
Retained Earnings	-1,901	-1,880	-1,818	-1,718	-1,279	-1,405
Comprehensive Income & Other	4.33	9.48	17.7	21.34	45.58	77.29
Total Common Equity	1,821	1,842	1,900	1,989	2,543	2,525
Shareholders' Equity	1,822	1,842	1,900	1,989	2,543	2,525
Total Liabilities & Equity	12,097	11,410	10,773	9,112	9,140	6,932
Total Debt	9,893	9,197	8,580	6,857	6,424	4,338
Net Cash (Debt)	-9,588	-8,858	-8,262	-6,523	-6,119	-3,523
Net Cash Per Share	-91.45	-84.28	-79.77	-63.24	-51.55	-31.18
Filing Date Shares Outstanding	102.2	102.52	102.08	101.91	106.26	113.01
Total Common Shares Outstanding	102.2	102.08	101.92	101.8	108.14	112.93
Working Capital	9,205	9,233	9,515	8,308	8,229	6,133
Book Value Per Share	17.82	18.04	18.64	19.53	23.51	22.36
Tangible Book Value	1,757	1,776	1,831	1,915	2,460	2,525
Tangible Book Value Per Share	17.20	17.39	17.96	18.81	22.75	22.36

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

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