Is MAC or MFA more undervalued in 2026?

CirclFi compares Macerich Company (The) (MAC) and MFA Financial, Inc. (MFA) using 13 institutional-grade valuation models. MAC has a Quality of Company score of 5.6/10 while MFA scores 7.7/10.

Which is a better buy — MAC or MFA?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do MAC and MFA valuations compare?

MAC at $22.52 and MFA at $9.60 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MAC vs MFA Valuation Comparison 2026 — Intrinsic Value Analysis

MAC

Real Estate Investment Trusts

Macerich Company (The)

Quality

5.6

out of 10

Value Trap

SAFE

Price

$22.52

Last close

Models

12/13

Active

MFA

Real Estate Investment Trusts

MFA Financial, Inc.

Quality

7.7

out of 10

Value Trap

SAFE

Price

$9.60

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	MAC Fair Value	MAC Upside	MFA Fair Value	MFA Upside
Bayesian DCF	Intrinsic	$4.20	-81.0%	$8.47	-11.7%
Earnings Power Value	Intrinsic	—	—	$16.56	+72.5%
EROIC Spread	Intrinsic	$3.93	-81.4%	$10.79	+12.4%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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MAC vs MFA — Which Stock Is More Undervalued?

MFA scores higher with a 7.7/10 quality rating vs MAC's 5.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Macerich Company (The) (MAC) and MFA Financial, Inc. (MFA) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

MAC currently trades at $22.52 with a QOC of 5.6/10, while MFA trades at $9.60 with a QOC of 7.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).