PennyMac Mortgage Investment Trust PMT
We are a specialty finance company that invests primarily in mortgage-related assets. We conduct substantially all of our operations, and make substantially all of our investments, through our subsidiary, PennyMac Operating Partnership, L.P. (our "Operating Partnership") and its subsidiaries. A wholly-owned subsidiary of ours is the sole general partner, and we are the sole limited partner, of our Operating Partnership. Certain of the activities conducted or investments made by us that are described below are conducted or made through a wholly-owned subsidiary that is a taxable real estate investment trust ("REIT") subsidiary ("TRS") or through other subsidiaries of our Operating Partnership.
Valuation FY2029 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2029 | FY2028 | FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total operating expenses | — | — | — | — | $213.6M | $191.5M | $184.6M | $240.7M | $375.6M | $389.6M |
| Interest expense | — | — | — | — | $19.5M | $79.4M | $96.1M | $26.6M | $304.7M | $270.8M |
| Pre-tax income | — | — | — | — | $93.8M | $142.6M | $244.4M | $63.1M | $44.7M | $79.7M |
| Income tax | — | — | — | — | $34.1M | $18.3M | $44.7M | $136.4M | $12.2M | $27.4M |
| Net income | — | — | — | — | $86.1M | $119.2M | $157.8M | -$115.1M | $25.9M | $52.4M |
| EPS, basic | — | — | — | — | 0.99 | 1.37 | 1.80 | -1.26 | 0.26 | 0.27 |
| EPS, diluted | — | — | — | — | 0.99 | 1.37 | 1.63 | -1.26 | 0.26 | 0.27 |
| Shares, diluted (wtd. avg.) | — | — | — | — | 87.0M | 86.8M | 111.7M | 91.4M | 97.4M | 99.4M |
Balance sheet
| Fiscal year | FY2029 | FY2028 | FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Short-term investments | — | — | — | — | $190.5M | $103.2M | $128.3M | $252.3M | $168.0M | $127.3M |
| Total assets | — | — | — | — | $21.35B | $14.41B | $13.11B | $13.92B | $13.77B | $11.49B |
| Long-term debt | $1.62B | $423.5M | $305.0M | $695.0M | $1.09B | $1.01B | $5.15B | $5.07B | $4.49B | — |
| Total liabilities | — | — | — | — | $19.46B | $12.47B | $11.16B | $11.96B | $11.41B | $9.20B |
| Retained earnings | — | — | — | — | -$582.8M | -$528.9M | -$508.7M | -$526.8M | -$256.7M | -$100.7M |
| Total equity | — | — | — | — | $1.89B | $1.94B | $1.96B | $1.96B | $2.37B | $2.30B |
Cash flow
| Fiscal year | FY2029 | FY2028 | FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | -$7.21B | -$2.70B | $1.34B | $1.78B | -$2.82B | $671.7M |
| Stock-based compensation | — | — | — | — | $3.9M | $3.5M | $5.2M | $4.3M | $2.4M | $2.3M |
| Investing cash flow | — | — | — | — | $429.7M | $1.36B | -$21.7M | -$1.87B | $1.09B | -$15.4M |
| Financing cash flow | — | — | — | — | $6.72B | $1.40B | -$1.15B | $135.9M | $1.73B | -$702.6M |
| Dividends paid | — | — | — | — | $139.4M | $139.3M | $140.6M | $173.5M | $184.0M | $151.6M |
| Buybacks | — | — | — | — | $0 | $0 | $28.5M | $88.0M | $56.9M | $37.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000950170-24-018760.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | FY2027 | FY2028 | FY2029 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $52.4M | $25.9M | -$115.1M | $157.8M | $119.2M | $86.1M | — | — | — | — |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- New debt or obligation Item 2.03
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6798
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WELL | WELLTOWER INC. | $167.53B | 170.7x | 40.2% |
| PLD | Prologis, Inc. | $117.89B | 35.5x | 7.2% |
| EQIX | EQUINIX INC | $94.23B | 69.4x | 5.4% |
| AMT | AMERICAN TOWER CORP /MA/ | $88.04B | 35.0x | 20.8% |
| SPG | SIMON PROPERTY GROUP INC. | $68.57B | 14.9x | 6.7% |
| DLR | DIGITAL REALTY TRUST, INC. | $60.57B | 48.1x | 10.0% |
| PSA | Public Storage | $54.42B | 34.4x | 2.7% |
| O | REALTY INCOME CORP | $53.83B | 48.6x | 9.1% |