Sep. 02, 2025 10:03 PM ETMFA Financial, Inc. (MFA) Stock, MFAO Stock, MFA.PR.B Stock, MFA.PR.C StockMFA, MFAO, MFA.PR.B, MFA.PR.CJeremy LaKosh5.75K FollowersSummaryMFA Financial offers high-yield options, but I find the Series C preferred shares most attractive for new income investors, currently yielding over 10%.Despite rising funding costs, MFA's net interest income has grown steadily, and its balance sheet remains stable with consistent mortgage loan investments.I remain skeptical of the common stock's sustainability, as high dividends have eroded book value and rely on shareholder capital rather than true earnings.With baby bonds now trading over par and callable soon, I recommend Series C preferreds for better value, income, and capital preservation.matdesign24/iStock via Getty ImagesIntroductionMFA Financial (NYSE:MFA) is an mREIT, which is a real estate investment trust that specializes in the investment of mortgages. Income investors are likely drawn to the company’s high dividend, which is currently yielding over 14%. WhatThis article was written byJeremy LaKosh5.75K FollowersAbout My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.Analyst’s Disclosure:I/we have a beneficial long position in the shares of MFAO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments