PennyMac Mortgage Investment Trust
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David A. Spector
- Full Time Employees
- 7
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 3043 Townsgate Road, Suite 200 Westlake Village CA United States of America 91361
- IPO Date
- Sep 28, 2023
- CIK
- 0001464423
- Website
- pmt.pennymac.com
- Similar Companies
- Business
- PennyMac Mortgage Investment Trust (NYSE: PMT) is a real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company operates through three principal segments: Credit Sensitive Strategies, which includes investments in credit risk transfer agreements, subordinate mortgage-backed securities, distressed mortgage loans, real estate acquired in settlement of loans, and small balance commercial real estate mortgage loans; Interest Rate Sensitive Strategies, encompassing mortgage servicing rights, base and excess servicing spreads, agency and senior non-agency mortgage-backed securities, and related interest rate hedging activities; and Correspondent Production, involving the purchase, pooling, securitization, and resale of newly originated prime credit-quality loans, primarily to government-sponsored entities. Founded in 2009 and externally managed by PNMAC Capital Management, LLC, an SEC-registered investment advisor and subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI), the company maintains loan servicing agreements with PennyMac Loan Services, LLC, another PFSI subsidiary, which handles primary and specialty servicing including collections, loss mitigation, modifications, foreclosures, and real estate owned dispositions. Headquartered in Westlake Village, California, PennyMac Mortgage Investment Trust focuses on delivering attractive risk-adjusted returns to shareholders through dividends and capital appreciation. Recent developments include closing a jumbo loan securitization with $336 million unpaid principal balance post-third quarter 2025, acquiring $4 billion in loans marking a 13% increase from the prior quarter, generating $46 million in new mortgage servicing rights, redeeming $350 million of MSR term notes due 2026, selling $195 million in GSE-issued credit risk transfer investments for significant gains to redeploy capital into higher-return private label securitizations, and making net new investments of $84 million in non-agency subordinate bonds and $50 million in non-agency senior bonds during the third quarter of 2025.
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