For the fiscal year ended December 31, 2019, PennyMac Mortgage Investment Trust reported revenue of $155,036,000, an increase of 84.8% year-over-year. Net income was $24,616,000, up 154.3% from the prior year, with diluted EPS of $0.16, a 1,700% increase.
•Revenue grew 84.8% YoY to $155 million.
•Net income rose 154.3% YoY to $24.6 million.
•Diluted EPS increased 1,700% to $0.16.
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-PB) do?
PennyMac Mortgage Investment Trust (PMT-PB) is a real estate investment trust (REIT) that 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 them to government-sponsored enterprises.
Where is PennyMac Mortgage Investment Trust (PMT-PB) listed and in which currency?
PennyMac Mortgage Investment Trust (PMT-PB) is listed on the New York Stock Exchange (NYSE) under the ticker symbol PMT-PB. The company trades in U.S. dollars (USD), as it is based in the United States and its securities are denominated in USD. As a REIT, it is required to distribute most of its taxable income to shareholders, and its shares are traded on a major U.S. exchange, providing liquidity for investors.
What sector and industry does PennyMac Mortgage Investment Trust (PMT-PB) belong to?
PennyMac Mortgage Investment Trust (PMT-PB) operates in the Real Estate sector and is classified under the REIT - Mortgage industry. This means the company is a real estate investment trust that focuses on mortgage-related investments rather than physical properties. As a mortgage REIT, it generates income primarily from the interest and fees on mortgage loans and mortgage-backed securities. The company has elected to be taxed as a REIT, which allows it to avoid federal income tax on the taxable income it distributes to shareholders, provided it meets certain regulatory requirements.
Where is PennyMac Mortgage Investment Trust (PMT-PB) headquartered and what markets does it serve?
PennyMac Mortgage Investment Trust (PMT-PB) is headquartered in Westlake Village, California, United States. The company serves the U.S. residential mortgage market, investing in mortgage-related assets across the country. Its operations are focused on the United States, as indicated by its country and region classification. The company's investments include credit risk transfer agreements, mortgage-backed securities, mortgage servicing rights, and newly originated prime credit quality loans, all of which are tied to the U.S. housing market. By concentrating on the U.S. market, the company aligns its strategies with domestic economic and housing conditions.
How does PennyMac Mortgage Investment Trust (PMT-PB) make money?
PennyMac Mortgage Investment Trust (PMT-PB) generates revenue through its three business segments. The Credit Sensitive Strategies segment earns income from investments in credit risk transfer (CRT) agreements and subordinate and credit-linked mortgage-backed securities (MBS), which provide returns based on the credit performance of underlying mortgages. The Interest Rate Sensitive Strategies segment profits from mortgage servicing rights, agency and senior non-agency MBS, and collateralized mortgage obligations (CMOs), as well as from interest rate hedging activities that manage exposure to rate fluctuations. The Correspondent Production segment makes money by purchasing, pooling, and reselling newly originated prime credit quality loans, either directly or as MBS, primarily to government-sponsored enterprises like Fannie Mae and Freddie Mac. As a REIT, the company distributes most of its taxable income to shareholders.