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MFA FinancialMFA -0.34%24 Return-on-Tangible-Equity is 10.92% as of Jun. 2026, which is 5% above its 10-year median of 10.42. GuruFocus rates MFA with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 919 REITs companies, MFA Financial ranks better than 65.83% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. MFA Financial's annualized net income for the quarter that ended in Jun. 2026 was $187.2 Mil. MFA Financial's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $1,714.5 Mil. Therefore, MFA Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 10.92%.
The historical rank and industry rank for MFA Financial's Return-on-Tangible-Equity or its related term are showing as below:
MFA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23 Med: 10.42 Max: 13.19
Current: 8.51
During the past 13 years, MFA Financial's highest Return-on-Tangible-Equity was 13.19%. The lowest was -23.00%. And the median was 10.42%.
MFA's Return-on-Tangible-Equity is ranked better than 65.83% of 919
companies
in the REITs industry
Industry Median: 6.33
vs MFA: 8.51
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
MFA Financial Return-on-Tangible-Equity Related Terms
MFA Financial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MFA Financial's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MFA vs ABR, ARI, PMT: Return-on-Tangible-Equity Comparison
For the REIT - Mortgage subindustry, MFA Financial's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MFA Financial Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, MFA Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MFA Financial's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.92% mean?
MFA Financial (MFA) has a Return-on-Tangible-Equity of 10.92% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MFA Financial and its competitors. This is near median its historical median of 10.42. According to the industry distribution chart, MFA Financial ranks #314 out of 919 companies in the REITs industry, placing it in the top 34.2%.
Is MFA Financial's Return-on-Tangible-Equity too high?
MFA Financial's current Return-on-Tangible-Equity of 10.92% is near median its 10-year median of 10.42. The REITs industry median Return-on-Tangible-Equity is 6.33. MFA Financial's value of 10.92% is 72.5% above this industry median. Based on the distribution chart, MFA Financial ranks #314 out of 919 companies in the REITs industry, which is above the industry midpoint. Overall, MFA Financial has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does MFA Financial's Return-on-Tangible-Equity compare to ABR and ARI?
According to the REITs industry distribution chart, MFA Financial ranks #314 out of 919 companies for Return-on-Tangible-Equity. This puts MFA Financial in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.33. MFA Financial's value of 10.92% is 72.5% above this benchmark. While the company's 10-year median is 10.42 vs. the industry median of 6.33, MFA Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.33, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MFA Financial's current Return-on-Tangible-Equity of 10.92% is 72.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on MFA Financial and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFA Financial's current Return-on-Tangible-Equity is 10.92%, which is near median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFA Financial stock overvalued right now?
MFA Financial (MFA) has a current Return-on-Tangible-Equity of 10.92%. The current Return-on-Tangible-Equity is 10.92%, which is near median its 10-year median of 10.42 and 72.5% above the REITs industry median of 6.33. MFA Financial's overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For MFA Financial (MFA), the current Return-on-Tangible-Equity is 10.92% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
MFA Financial Inc is a specialty finance company that invests in and finances residential mortgage assets. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The company selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. The company's reportable segments include mortgage-related assets; and Lima One.
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