Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 3043 Townsgate Road WESTLAKE VILLAGE CA 91361 |
Tel: | 1-818-2247028 |
Website: | https://www.pennymac.com |
IR: | See website |
Key People | ||
David A. Spector Chairman of the Board, Chief Executive Officer | Douglas Jones President, Chief Mortgage Banking Officer, Director | Daniel S. Perotti Chief Financial Officer, Senior Managing Director |
William Chang Chief Investment Officer, Senior Managing Director | Derek W. Stark Senior Managing Director, Chief Legal Officer, Secretary | James Follette Senior Managing Director, Chief Mortgage Operations Officer |
Business Overview |
PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans. |
Financial Overview |
For the fiscal year ended 31 December 2023, PennyMac Mortgage Investment Trust revenues increased 63% to $1.16B. Net income applicable to common stockholders totaled $157.4M vs. loss of $115.5M. Revenues reflect Corporate segment increase from $2.3M to $7.2M. Net Income reflects Safekeeping decrease of 54% to $3.8M (expense), Professional services decrease of 20% to $7.6M (expense). Dividend per share decreased from $1.88 to $1.60. |
Employees: | 7 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $11,991M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,165M as of Dec 31, 2023 |
EBITDA (TTM): | $244.40M as of Dec 31, 2023 |
Net annual income (TTM): | $157.38M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,158M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $10,191M as of Dec 31, 2023 |
Shares outstanding: | 86,646,365 as of Feb 20, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |