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Side-by-side financial comparison of MFA FINANCIAL, INC. (MFA) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $50.1M, roughly 1.1× Sila Realty Trust, Inc.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 7.6%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -0.6%).

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

MFA vs SILA — Head-to-Head

Bigger by revenue
MFA
MFA
1.1× larger
MFA
$55.5M
$50.1M
SILA
Growing faster (revenue YoY)
MFA
MFA
+1.6% gap
MFA
9.2%
7.6%
SILA
Faster 2-yr revenue CAGR
MFA
MFA
Annualised
MFA
7.7%
-0.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFA
MFA
SILA
SILA
Revenue
$55.5M
$50.1M
Net Profit
$5.0M
Gross Margin
88.9%
Operating Margin
97.9%
Net Margin
10.0%
Revenue YoY
9.2%
7.6%
Net Profit YoY
-54.9%
EPS (diluted)
$0.43
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MFA
MFA
SILA
SILA
Q4 25
$55.5M
$50.1M
Q3 25
$56.8M
$49.8M
Q2 25
$61.3M
$48.7M
Q1 25
$57.5M
$48.3M
Q4 24
$50.8M
$46.5M
Q3 24
$50.6M
$46.1M
Q2 24
$53.5M
$43.6M
Q1 24
$47.8M
$50.6M
Net Profit
MFA
MFA
SILA
SILA
Q4 25
$5.0M
Q3 25
$48.1M
$11.6M
Q2 25
$33.2M
$8.6M
Q1 25
$41.2M
$7.9M
Q4 24
$11.1M
Q3 24
$48.2M
$11.9M
Q2 24
$41.9M
$4.6M
Q1 24
$23.2M
$15.0M
Gross Margin
MFA
MFA
SILA
SILA
Q4 25
88.9%
Q3 25
88.1%
Q2 25
87.7%
Q1 25
86.9%
Q4 24
87.3%
Q3 24
87.4%
Q2 24
86.6%
Q1 24
89.0%
Operating Margin
MFA
MFA
SILA
SILA
Q4 25
97.9%
Q3 25
84.5%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
98.2%
Q2 24
79.1%
Q1 24
50.7%
Net Margin
MFA
MFA
SILA
SILA
Q4 25
10.0%
Q3 25
84.7%
23.3%
Q2 25
54.2%
17.6%
Q1 25
71.6%
16.4%
Q4 24
23.9%
Q3 24
95.2%
25.9%
Q2 24
78.4%
10.6%
Q1 24
48.5%
29.6%
EPS (diluted)
MFA
MFA
SILA
SILA
Q4 25
$0.43
$0.10
Q3 25
$0.35
$0.21
Q2 25
$0.21
$0.15
Q1 25
$0.31
$0.14
Q4 24
$-0.01
$0.20
Q3 24
$0.37
$0.21
Q2 24
$0.32
$0.08
Q1 24
$0.14
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MFA
MFA
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$213.2M
$32.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$1.3B
Total Assets
$13.0B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFA
MFA
SILA
SILA
Q4 25
$213.2M
$32.3M
Q3 25
$305.2M
$27.7M
Q2 25
$275.7M
$24.8M
Q1 25
$253.7M
$30.5M
Q4 24
$338.9M
$39.8M
Q3 24
$305.6M
$28.6M
Q2 24
$289.4M
$87.0M
Q1 24
$306.3M
$90.2M
Stockholders' Equity
MFA
MFA
SILA
SILA
Q4 25
$1.8B
$1.3B
Q3 25
$1.8B
$1.3B
Q2 25
$1.8B
$1.4B
Q1 25
$1.8B
$1.4B
Q4 24
$1.8B
$1.4B
Q3 24
$1.9B
$1.4B
Q2 24
$1.9B
$1.5B
Q1 24
$1.9B
$1.5B
Total Assets
MFA
MFA
SILA
SILA
Q4 25
$13.0B
$2.1B
Q3 25
$12.1B
$2.1B
Q2 25
$11.7B
$2.0B
Q1 25
$11.5B
$2.0B
Q4 24
$11.4B
$2.0B
Q3 24
$11.2B
$2.0B
Q2 24
$11.1B
$2.1B
Q1 24
$10.9B
$2.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MFA
MFA
SILA
SILA
Operating Cash FlowLast quarter
$76.2M
$119.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
23.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFA
MFA
SILA
SILA
Q4 25
$76.2M
$119.1M
Q3 25
$14.7M
$30.0M
Q2 25
$38.5M
$31.9M
Q1 25
$-14.6M
$24.1M
Q4 24
$200.1M
$132.8M
Q3 24
$-11.3M
$29.1M
Q2 24
$46.5M
$31.6M
Q1 24
$53.5M
$36.6M
Cash Conversion
MFA
MFA
SILA
SILA
Q4 25
23.76×
Q3 25
0.31×
2.59×
Q2 25
1.16×
3.71×
Q1 25
-0.35×
3.06×
Q4 24
11.95×
Q3 24
-0.23×
2.43×
Q2 24
1.11×
6.84×
Q1 24
2.30×
2.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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