MFA Financial, Inc. Financial Ratios — MFA-PB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	12.98	10.28	8.96	9.41	9.67	9.92	9.77	8.59	10.68	-24.01	11.68	-11.67	2.43	4.62	7.44
Return on Assets (%)	3.1	2.43	2.33	2.53	2.46	2.44	2.75	2.58	2.91	-6.63	4.09	-2.54	0.81	1.08	1.45
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	0.74	1.01	1.71	0.34	0.24	0.27	0.41	0.52	0.77	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	88.45	87.89	88.85	88.21	87.99	87.27	86.66	86.56	87.26	122.22	88.09	274.8	39.15	47.34	58.96
Profit Margin (%)	88.45	87.89	88.85	88.21	87.99	87.27	86.66	86.56	87.26	122.22	88.09	273.79	39.02	47.16	59.21
Net Income to Common Margin (%)	86.17	85.55	84.82	83.99	83.78	83.08	82.63	82.26	83.8	127.58	79.29	312.66	23.02	34.16	45.7
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.35	0.37	- -
Dvd Payout Ratio (%)	106.81	114.25	205.85	98.72	99.72	100.08	100.39	114.98	99.57	-16.01	52.75	-69.59	302.61	166.56	108.59
Sustainable Growth Rate (%)	-0.88	-1.47	-9.48	0.12	0.03	-0.01	-0.04	-1.29	0.05	-27.85	5.52	-19.8	-4.93	-3.07	-0.64

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	876	747	466	211	119	97	461	781	892	1,840	3,148	3,631	5,003	6,020	6,599
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	224	225	226	- -	- -	- -	- -
LT Debt	876	747	466	211	119	97	461	781	668	1,615	2,922	3,631	5,003	6,020	6,599
Total Debt/EBITDA	328.65	211.32	79.95	176.8	137.87	100.35	303.3	428.07	268.77	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	180.74	97.77	-17.01	23.62	-54	-169.48	7.22	399.6	247.49	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	21.26	24.49	25.19	25.93	22.54	24.3	29.77	27.5	24.94	36.42	27.82	21.82	17.63	16.14	14.01
Long-Term Debt/Equity (%)	35.05	22.56	14.84	6.57	4	3.19	14.13	22.87	19.73	63.97	114.91	182.56	263.35	326.84	361.04
Long-Term Debt/Capital (%)	25.95	18.4	12.92	6.17	3.84	3.09	12.38	18.61	15.62	37	51.34	64.61	72.48	76.57	78.31
Long-Term Debt/Total Assets (%)	7.45	5.52	3.74	1.7	0.9	0.77	4.21	6.29	4.92	23.3	31.97	39.84	46.44	52.76	50.58
Total Debt/Equity (%)	35.05	22.56	14.84	6.57	4	3.19	14.13	22.87	26.35	72.89	123.81	182.56	263.35	326.84	361.04
Total Debt/Capital (%)	25.95	18.4	12.92	6.17	3.84	3.09	12.38	18.61	20.86	42.16	55.32	64.61	72.48	76.57	78.31
Total Debt/Total Assets (%)	7.45	5.52	3.74	1.7	0.9	0.77	4.21	6.29	6.57	26.55	34.45	39.84	46.44	52.76	50.58
Net Debt to Equity	19.28	10.44	-3.16	0.88	-1.57	-5.39	0.34	21.35	24.27	40.61	110.06	163.47	244.32	306.21	346.45
Net Debt/Capital (%)	16.16	9.45	-3.26	0.87	-1.59	-5.69	0.33	17.59	19.53	28.88	51.96	61.51	70.49	74.97	77.1
EBITDA	3	4	6	1	1	1	2	2	3	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	3	5	- -	-1	- -	1	1	1	-5	-12	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	21.26	24.49	25.19	25.93	22.54	24.3	29.77	27.5	24.94	36.42	27.82	21.82	17.63	16.14	14.01
Long-Term Debt/Equity (%)	35.05	22.56	14.84	6.57	4	3.19	14.13	22.87	19.73	63.97	114.91	182.56	263.35	326.84	361.04
Long-Term Debt/Capital (%)	25.95	18.4	12.92	6.17	3.84	3.09	12.38	18.61	15.62	37	51.34	64.61	72.48	76.57	78.31
Long-Term Debt/Total Assets (%)	7.45	5.52	3.74	1.7	0.9	0.77	4.21	6.29	4.92	23.3	31.97	39.84	46.44	52.76	50.58
Total Debt/Equity (%)	35.05	22.56	14.84	6.57	4	3.19	14.13	22.87	26.35	72.89	123.81	182.56	263.35	326.84	361.04
Total Debt/Capital (%)	25.95	18.4	12.92	6.17	3.84	3.09	12.38	18.61	20.86	42.16	55.32	64.61	72.48	76.57	78.31
Total Debt/Total Assets (%)	7.45	5.52	3.74	1.7	0.9	0.77	4.21	6.29	6.57	26.55	34.45	39.84	46.44	52.76	50.58
CFO/Total Liabilities	3.61	3.04	3.2	2.8	2.73	1.9	2.29	1.64	2.12	0.87	2.09	4.99	1.23	2.09	0.68
CFO/CapEx	142.73	700.65	799.16	325.46	178.29	253.38	202.42	130.52	114.84	7.9	11.44	1,184.5	- -	- -	- -
Altman's Z-Score	- -	- -	0.09	0.11	0.1	0.11	0.15	0.14	0.14	0.01	0.09	-0.12	-0.07	-0.08	-0.07

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.83	8.04	8.53	10.39	11.56	12.62	13.48	25.43	12.21	-10.12	6.06	-0.37	0.84	2.03	2.43
Days Sales Outstanding	41.35	45.41	42.78	35.13	31.57	28.93	27.08	14.35	29.9	-36.06	60.24	-975.71	435.99	179.75	150.37
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	1,999	2,267	2,219	2,253	2,516	2,729	2,918	2,732	2,720	1,822	2,176	2,136	2,006
- Cash & Cash Equivalents	394	401	565	182	165	260	450	52	71	814	305	334	318	339	213
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	876	747	466	211	119	97	461	781	892	1,840	3,148	3,631	5,003	6,020	6,599
Enterprise Value	482	346	1,900	2,295	2,173	2,089	2,527	3,458	3,739	3,758	5,564	5,119	6,861	7,817	8,391
Total Capital	3,373	4,058	3,608	3,414	3,086	3,131	3,722	4,197	4,276	4,365	5,691	5,620	6,903	7,861	8,426
Total Debt/Capital (%)	25.95	18.4	12.92	6.17	3.84	3.09	12.38	18.61	20.86	42.16	55.32	64.61	72.48	76.57	78.31
Total Debt / EV	1.82	2.16	0.25	0.09	0.05	0.05	0.18	0.23	0.24	0.49	0.57	0.71	0.73	0.77	0.79
EV/Sales	1.35	0.99	5.58	6.46	6.1	5.83	6.79	9.92	8.63	- -	14.9	- -	33.4	30.91	28.1
EV/EBITDA	180.76	97.78	325.84	1,926.94	2,526.17	2,167.23	1,663.81	1,895.03	1,126.89	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.44	1.11	6.37	8.97	7.81	11.65	14.32	23.39	17.33	97.87	40.37	14.41	63.1	39.06	110.06
EV/Free Cash Flow to Firm	1.43	1.11	6.37	8.94	7.77	11.6	14.25	23.21	17.18	86.87	37.13	14.39	63.1	39.06	110.06
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	482	346	-99	28	-46	-163	11	729	821	1,026	2,844	3,297	4,686	5,681	6,386
EV per Share	5.41	3.87	20.81	24.8	23.45	22.47	25.41	30.76	33.06	33.28	51.45	50.28	67.32	76.57	82.54
TTM Sales	358	349	341	355	356	358	372	349	433	-556	373	-85	205	253	299
TTM EBITDA	3	4	6	1	1	1	2	2	3	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	334	310	298	256	278	179	177	148	216	38	138	355	109	200	76
TTM Free Cash Flow to Firm	337	311	298	257	280	180	177	149	218	43	150	356	109	200	76

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	482	346	1,900	2,295	2,173	2,089	2,527	3,458	3,739	3,758	5,564	5,119	6,861	7,817	8,391
Low Price	- -	- -	21.05	21.28	22.06	21.75	23.56	22.35	23.72	2.23	23	16.77	16.64	18.95	18.27
EV/Sales	1.35	0.99	5.58	6.46	6.1	5.83	6.79	9.92	8.63	- -	14.9	- -	33.4	30.91	28.1
EV/EBITDA	180.76	97.78	325.84	1,926.94	2,526.17	2,167.23	1,663.81	1,895.03	1,126.89	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	0.64	0.71	0.75	0.74	0.77	0.8	0.86	1.08	1.07	0.92	1.15	1.16	1.1
Price/Book Value Average	- -	- -	0.68	0.69	0.77	0.76	0.77	0.83	0.84	0.91	1.06	1.1	1.03	1.19	1.17
Price/Book Value High	- -	- -	0.75	0.72	0.79	0.8	0.79	0.85	0.87	1.16	1.09	1.3	1.17	1.31	1.29
Price/Book Value Low	- -	- -	0.61	0.61	0.69	0.67	0.72	0.74	0.79	0.1	0.98	0.86	0.89	1.05	1.02
Price/Tangible Book Value	- -	- -	0.64	0.71	0.75	0.8	0.91	0.97	1.35	1.08	1.11	0.95	1.19	1.2	1.14
Price/Tangible Book Value Average	- -	- -	0.68	0.69	0.77	0.82	0.91	1.01	1.32	0.91	1.09	1.15	1.07	1.23	1.22
Price/Tangible Book Value High	- -	- -	0.75	0.72	0.79	0.87	0.93	1.04	1.36	1.16	1.13	1.35	1.21	1.36	1.33
Price/Tangible Book Value Low	- -	- -	0.61	0.62	0.69	0.72	0.85	0.9	1.24	0.1	1.01	0.89	0.93	1.09	1.05
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	1.35	0.99	6.01	6.29	6.28	5.96	6.78	10.19	8.49	- -	14.83	- -	32.34	31.13	28.58
EV/Sales High	1.35	0.99	6.64	6.57	6.43	6.31	6.95	10.44	8.71	- -	15.04	- -	33.61	32.02	29.27
EV/Sales Low	1.35	0.99	5.35	5.62	5.61	5.19	6.33	9.3	8.09	- -	14.28	- -	31.06	30.12	27.61
EV/EBITDA Average	180.76	97.78	351.01	1,878.16	2,599.21	2,214.5	1,659.48	1,946.58	1,108.46	- -	- -	- -	- -	- -	- -
EV/EBITDA High	180.76	97.78	387.68	1,961.89	2,661.91	2,346.6	1,702.44	1,994.23	1,137.11	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	180.76	97.78	312.53	1,676.8	2,322.57	1,928.07	1,549.88	1,776.73	1,055.99	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	21.9	24.5	23.95	24.23	25.3	24.27	25.8	24.19	25.15	17.9	21.35	20.92	19.73
High Price	- -	- -	25.85	24.95	25.21	26.09	25.89	25.88	26.1	26.04	25.61	25.43	21.79	23.67	23.15
Enterprise Value Average	482	346	2,047	2,237	2,235	2,135	2,521	3,553	3,678	3,326	5,536	5,492	6,645	7,871	8,533
Enterprise Value High	482	346	2,261	2,337	2,289	2,262	2,586	3,639	3,773	3,967	5,613	5,886	6,906	8,097	8,739
Enterprise Value Low	482	346	1,822	1,997	1,997	1,859	2,354	3,243	3,504	1,278	5,331	5,004	6,381	7,615	8,243

Shares Outstanding	89	89	91	93	93	93	99	112	113	113	108	102	102	102	102
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	4.43	4.49	6.19	1.97	1.78	2.8	4.52	0.46	0.62	7.21	2.82	3.28	3.12	3.32	2.1
Book Value per Share	28.06	37.04	34.42	34.62	32.03	32.63	32.79	30.38	29.92	22.36	23.51	19.53	18.64	18.04	17.98
Tangible Book Value per Share	27.97	36.96	34.34	34.54	31.95	30.12	27.77	24.94	19.16	22.36	22.75	18.81	17.96	17.39	17.35

MFA Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)