For FY 2019, PennyMac Mortgage Investment Trust reported revenue of $155.0 million, up 84.8% year-over-year. Net income was $24.6 million, a 154.3% increase, with diluted EPS of $0.16, up 1,700% from the prior year.
•Revenue increased 84.8% to $155.0 million.
•Net income rose 154.3% to $24.6 million.
•Diluted EPS improved to $0.16 from $0.01.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
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) 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.
What does PennyMac Mortgage Investment Trust (PMT-PA) do?
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through three segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production. 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 invests in mortgage servicing rights, agency and senior non-agency MBS, and collateralized mortgage obligations (CMOs), along with interest rate hedging activities. The Correspondent Production segment purchases, pools, and resells newly originated prime credit quality loans directly or in the form of MBS, primarily selling to government-sponsored enterprises.
Where is PennyMac Mortgage Investment Trust (PMT-PA) listed and in which currency?
PennyMac Mortgage Investment Trust is listed on the New York Stock Exchange (NYSE) under the symbol PMT-PA. The company's financials are reported in US Dollars (USD), as it is based in the United States. The NYSE is one of the world's largest stock exchanges, providing liquidity and visibility for the company's shares. Investors can trade PMT-PA shares during regular market hours, and the currency denomination is USD, which is the standard for US-listed equities.
What sector and industry does PennyMac Mortgage Investment Trust (PMT-PA) belong to?
PennyMac Mortgage Investment Trust operates in the Real Estate sector, specifically within the REIT - Mortgage industry. As a mortgage real estate investment trust (mREIT), the company invests in residential mortgage-related assets and generates income primarily from the interest and fees on these investments. Unlike equity REITs that own physical properties, mortgage REITs focus on mortgage loans and mortgage-backed securities. The company has elected to be taxed as a REIT, meaning it is not subject to U.S. federal income tax on the REIT taxable income it distributes to shareholders, provided it meets certain distribution requirements.
Where is PennyMac Mortgage Investment Trust (PMT-PA) headquartered and what markets does it serve?
PennyMac Mortgage Investment Trust is headquartered in Westlake Village, California, United States. The company primarily serves the U.S. residential mortgage market, investing in mortgage-related assets across the country. Its operations focus on credit-sensitive and interest rate-sensitive strategies, as well as correspondent production, which involves purchasing and reselling newly originated prime credit quality loans. The company sells its loans primarily to government-sponsored enterprises such as Fannie Mae and Freddie Mac, indicating a focus on the conforming loan market. By concentrating on the U.S. market, PennyMac leverages its expertise in domestic residential mortgage finance.
How does PennyMac Mortgage Investment Trust (PMT-PA) make money?
PennyMac Mortgage Investment Trust generates income through its three operating segments. The Credit Sensitive Strategies segment earns returns from investing in credit risk transfer agreements and subordinate mortgage-backed securities, which carry higher credit risk. The Interest Rate Sensitive Strategies segment profits from mortgage servicing rights, agency MBS, and CMOs, along with hedging activities to manage interest rate exposure. The Correspondent Production segment makes money by purchasing newly originated prime credit quality loans from correspondents, pooling them, and reselling them either as whole loans or as mortgage-backed securities, primarily to government-sponsored enterprises. Additionally, as a REIT, the company distributes most of its taxable income to shareholders as dividends, which is a key part of its business model.