PennyMac Mortgage Investment Trust (N:PMT)

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
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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

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