PennyMac Mortgage Investment Trust

PMT-PB · NYSE · Real Estate / REIT - Mortgage

18.72USD-0.14 (-0.74%)

Price History

Full chart

Market Stats

Previous Close18.86

Open18.87

Day Range18.66 – 19.03

52-Week Range21.00 – 23.05

Volume25.83K

Market Cap1.51B

P/E (TTM)0.00

Forward P/E0.00

EPS-0.731

Dividend Yield9.38%

Beta1.11

50-Day Avg22.42

200-Day Avg23.13

About

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate and credit-linked mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, agency and senior non-agency MBS, and collateralized mortgage obligations (CMOs), as well as interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored enterprises. It has elected to be taxed as a real estate investment trust (REIT). It is not subject to U.S. federal income tax on the REIT taxable income it distributes to its shareholders. PennyMac Mortgage Investment Trust was incorporated in 2009 and is headquartered in Westlake Village, California.

Company Details

SectorReal Estate
IndustryREIT - Mortgage
CEOMr. David A. Spector
Employees7
Headquarters3043 Townsgate Road, Westlake Village, CA, United States, 91361, USA
Websitehttps://pmt.pennymac.com

Leadership

Mr. David A. SpectorChairman of the Board & CEO · b. 1963
Mr. Douglas Edward JonesPresident, Chief Mortgage Banking Officer & Director · b. 1957
Mr. Daniel Stanley PerottiSenior MD & CFO · b. 1981
Mr. Derek W. Stark J.D.Senior MD, Chief Legal Officer & Secretary · b. 1968
Mr. Mark Evan ElbaumSenior MD & Chief Capital Markets Officer · b. 1963
Mr. Marshall Dulles SebringSenior MD & Chief Investment Officer · b. 1980
Mr. Gregory L. HendryChief Accounting Officer · b. 1961
Mr. Kevin ChamberlainExecutive Vice President of Investor Relations
Mr. James FolletteSenior MD & Chief Digital Officer · b. 1972
Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending Division

Financials

Income Statement

Currency: USD	2010-12-31	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	2025-12-31
Total Revenue	35.36M	90.74M	328.46M	424.66M	408.13M	292.43M	311.01M	448.93M	409.85M	953.17M	108.63M	82.84M	-145.66M	725.87M	504.60M	1.74B
Growth (%)	-	+156.60%	+261.98%	+29.29%	-3.89%	-28.35%	+6.35%	+44.35%	-8.71%	+132.57%	-88.60%	-23.74%	-275.84%	+598.32%	-30.48%	+245.81%
Cost of Revenue	2.58M	4.43M	81.51M	120.99M	110.77M	120.12M	157.62M	139.93M	139.61M	234.21M	228.60M	190.07M	175.54M	122.10M	124.11M	146.45M
Gross Profit	32.78M	86.31M	246.95M	303.68M	297.36M	172.30M	153.38M	309.01M	270.23M	718.96M	-119.97M	-107.23M	-321.20M	603.76M	380.50M	1.60B
Gross Margin	92.70%	95.11%	75.18%	71.51%	72.86%	58.92%	49.32%	68.83%	65.94%	75.43%	-110.44%	-129.45%	220.51%	83.18%	75.40%	91.61%
Operating Expense	5.76M	13.81M	52.58M	49.52M	52.73M	40.15M	35.92M	37.29M	39.03M	50.56M	-199.70M	-151.90M	48.63M	45.53M	49.17M	220.61M
Operating Income	27.03M	72.50M	194.37M	254.15M	244.64M	132.16M	117.46M	271.72M	231.20M	668.40M	79.73M	44.66M	-369.84M	558.23M	331.33M	1.38B
Operating Margin	76.42%	79.89%	59.18%	59.85%	59.94%	45.19%	37.77%	60.53%	56.41%	70.12%	73.39%	53.91%	253.90%	76.91%	65.66%	78.96%
EBITDA	27.03M	72.50M	206.10M	235.91M	216.51M	120.33M	130.13M	211.39M	429.01M	574.37M	79.73M	44.66M	33.08M	1.28B	1.03B	93.82M
EBITDA Margin	76.42%	79.89%	62.75%	55.55%	53.05%	41.15%	41.84%	47.09%	104.68%	60.26%	73.39%	53.91%	-22.71%	176.25%	203.67%	5.38%
Net Income	24.48M	64.44M	138.25M	200.19M	194.54M	90.10M	75.81M	117.75M	152.80M	226.36M	52.37M	56.85M	-73.29M	199.65M	160.98M	127.87M
Net Income Margin	69.23%	71.01%	42.09%	47.14%	47.67%	30.81%	24.38%	26.23%	37.28%	23.75%	48.21%	68.63%	50.31%	27.51%	31.90%	7.33%
R&D	-	-	701.00K	826.00K	984.00K	1.28M	1.45M	1.48M	1.41M	1.62M	1.44M	1.79M	2.06M	2.05M	2.16M	2.07M
R&D as % of Total Revenue	-	-	0.21%	0.19%	0.24%	0.44%	0.47%	0.33%	0.34%	0.17%	1.33%	2.16%	-1.41%	0.28%	0.43%	0.12%
Interest Expense	826.00K	16.95M	31.64M	65.22M	85.59M	124.71M	149.77M	151.37M	175.17M	297.45M	270.77M	304.74M	410.42M	735.97M	714.66M	870.39M
Interest Expense % of Total Revenue	2.34%	18.67%	9.63%	15.36%	20.97%	42.65%	48.16%	33.72%	42.74%	31.21%	249.25%	367.86%	-281.76%	101.39%	141.63%	49.88%

Balance Sheet

Currency: USD	2009-12-31	2010-12-31	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	2025-12-31
Total Assets	324.45M	589.10M	1.39B	2.56B	4.31B	4.90B	5.83B	6.36B	5.60B	7.81B	11.77B	11.52B	13.77B	13.92B	13.11B	14.41B	21.35B
Total Liabilities	10.65M	269.18M	840.04M	1.36B	2.84B	3.33B	4.33B	5.01B	4.06B	6.25B	9.32B	9.22B	11.41B	11.96B	11.16B	12.47B	19.46B
Total Equity	313.80M	319.91M	546.02M	1.20B	1.47B	1.58B	1.50B	1.35B	1.54B	1.57B	2.45B	2.30B	2.37B	1.96B	1.96B	1.94B	1.89B
Cash	54.00K	45.45M	14.59M	33.76M	27.41M	76.39M	58.11M	34.48M	77.65M	1.21B	104.06M	2.86B	58.98M	111.87M	281.08M	337.69M	271.97M
Total Debt	-	248.62M	152.43M	1.26B	642.00M	3.16B	4.19B	4.85B	3.93B	5.08B	9.14B	8.94B	11.17B	11.38B	10.47B	12.13B	19.09B
Net Debt	-54.00K	203.18M	137.84M	320.05M	614.58M	3.09B	4.14B	4.81B	3.85B	-57.28M	9.04B	-583.60M	11.11B	11.27B	10.19B	11.79B	18.82B

Cash Flow

Currency: USD	2009-12-31	2010-12-31	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	2025-12-31
Operating Cash Flow	-1.30M	-22.79M	-275.13M	-820.40M	-242.83M	-366.04M	-863.19M	-621.54M	223.13M	-573.75M	-2.99B	671.66M	-2.82B	1.78B	1.34B	-2.70B	-7.21B
Investing Cash Flow	-322.20M	-167.33M	-277.79M	-111.44M	-1.03B	27.97M	11.50M	193.95M	681.68M	-1.42B	-704.68M	-15.37M	1.09B	-1.87B	-21.73M	1.36B	429.67M
Financing Cash Flow	323.50M	235.51M	522.07M	951.01M	1.27B	387.04M	833.41M	403.96M	-861.63M	1.98B	3.73B	-702.64M	1.73B	135.89M	-1.15B	1.40B	6.72B
Capital Expenditure	0	0	0	23.00K	1.42M	0	2.33M	2.74M	79.00K	0	74.97M	0	28.82M	0	14.63M	29.26M	0
Free Cash Flow	-1.30M	-22.79M	-275.13M	-820.42M	-244.25M	-366.04M	-865.52M	-624.28M	223.05M	-573.75M	-2.99B	671.66M	-2.82B	1.78B	1.33B	-2.73B	-7.21B
Dividends Paid	-	12.96M	39.55M	94.82M	147.57M	174.43M	173.02M	131.56M	140.20M	140.54M	165.94M	176.53M	214.12M	215.37M	182.44M	181.12M	181.19M
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.58%	100.00%	100.27%	100.44%	99.96%	100.00%	100.00%	100.00%	100.00%	100.00%	98.91%	101.08%	100.00%
Dividend Paid to FCF	-	-56.87%	-14.37%	-11.56%	-60.42%	-47.65%	-19.99%	-21.07%	62.86%	-24.49%	-5.56%	26.28%	-7.59%	12.07%	13.76%	-6.63%	-2.51%

Earnings

Report Date	Nov 5, 2009	Feb 1, 2010	May 4, 2010	Aug 4, 2010	Nov 3, 2010	Feb 2, 2011	May 4, 2011	Aug 4, 2011	Oct 27, 2011	Feb 8, 2012	May 3, 2012	Aug 2, 2012	Nov 8, 2012	Feb 7, 2013	Apr 23, 2013	Aug 8, 2013	Nov 6, 2013	Feb 5, 2014	May 7, 2014	Aug 6, 2014	Nov 5, 2014	Feb 4, 2015	May 6, 2015	Aug 5, 2015	Nov 4, 2015	Feb 3, 2016	May 5, 2016	Aug 3, 2016	Nov 3, 2016	Feb 2, 2017	May 4, 2017	Aug 3, 2017	Nov 2, 2017	Feb 8, 2018	May 3, 2018	Aug 2, 2018	Nov 1, 2018	Feb 7, 2019	May 2, 2019	Aug 1, 2019	Oct 31, 2019	Feb 6, 2020	May 7, 2020	Aug 6, 2020
EPS Estimate	0.04	0.01	0.09	0.24	0.45	0.48	0.50	0.44	0.55	0.65	0.66	0.68	0.79	0.83	0.80	0.75	0.70	0.62	0.68	0.62	0.65	0.65	0.60	0.47	0.45	0.47	0.41	0.36	0.39	0.40	0.41	0.42	0.37	0.33	0.30	0.36	0.37	0.41	0.42	0.47	0.52	0.54	-0.88	2.13
EPS Actual	-0.04	-0.07	0.07	0.48	0.45	0.43	0.35	0.59	0.73	0.70	0.65	0.79	0.81	0.83	0.90	0.86	0.57	0.69	0.50	0.93	0.69	0.34	0.09	0.36	0.49	0.21	0.20	-0.08	0.49	0.44	0.40	0.38	0.20	0.32	0.35	0.47	0.62	0.55	0.68	0.50	0.71	0.55	-5.99	4.51
Surprise	-200.00%	-800.00%	-22.22%	100.00%	0.00%	-10.42%	-30.00%	34.09%	32.73%	7.69%	-1.52%	16.18%	2.53%	0.00%	12.50%	14.67%	-18.57%	11.29%	-26.47%	50.00%	6.15%	-47.69%	-85.00%	-23.40%	8.89%	-55.32%	-51.22%	-122.22%	25.64%	10.00%	-2.44%	-9.52%	-45.95%	-3.03%	16.67%	30.56%	67.57%	34.15%	61.90%	6.38%	36.54%	1.85%	-580.68%	111.74%
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap1.51B

Enterprise Value25.08B

Trailing P/E0.00

Forward P/E0.00

Price / Sales2.10

Price / Book0.00

EPS-0.731

Book Value15.04

Revenue (TTM)684.41M

Gross Profit (TTM)567.56M

Profit Margin24.28%

Operating Margin10.91%

Return on Equity8.94%

Return on Assets0.79%

Shares Outstanding60.95M

Shares Float71.65M

Beta1.11

Dividend Yield9.38%

Dividend Rate2.00

Payout Ratio0.00%

Dividends

20263×

0.50Sep 1, 20260.50Jun 1, 20260.50Feb 27, 2026

20254×

0.50Dec 1, 20250.50Aug 29, 20250.50May 30, 20250.50Feb 28, 2025

20244×

0.50Nov 29, 20240.50Aug 30, 20240.50May 31, 20240.50Feb 29, 2024

20234×

0.50Nov 30, 20230.50Aug 31, 20230.50May 31, 20230.50Feb 28, 2023

20224×

0.50Nov 30, 20220.50Aug 31, 20220.50May 31, 20220.50Feb 28, 2022

20214×

0.50Nov 30, 20210.50Aug 31, 20210.50May 28, 20210.50Feb 26, 2021

20201×

0.50Nov 30, 2020