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.
Others in SIC 6798
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