8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Jan 29, 2026·SEC
Material company update
Dec 22, 2025·SEC
PennyMac Mortgage Investment Trust(PMTU)Earnings, Financials & Key Ratios
PMTU•NYSE•REIT / Real Estate
$25.55
25.8× P/E·Price updated Jul 6, 2026
AboutPennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.Show more
- Revenue$1.03B+103.8%
- FFO$128M-20.6%
- FFO/Share1.47-20.7%
- FFO Payout108.99%+26.0%
- FFO per Share1.47-20.7%
- NOI Margin15.37%-79.6%
- FFO Margin12.43%-61.0%
- ROE6.68%-19.1%
- ROA0.72%-38.9%
PMTU Price & Volume
PennyMac Mortgage Investment Trust (PMTU) stock price & volume — 10-year historical chart
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Volatile Fair Value Accounting Masks Operational Risk
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Repo financing liquidity dependency
Key Thesis Takeaways
- PennyMac Mortgage Investment Trust faces significant earnings uncertainty driven by fair value adjustments on mortgage servicing rights and heavy reliance on short-term repo financing.
- While the company maintains a dividend yield of 6.3%, the inconsistent FFO disclosure and erratic NOI margins ranging from -115.8% to 91.5% suggest a high-risk profile for income-focused investors.
- Future performance remains tethered to interest rate volatility, which continues to distort the relationship between reported net income and actual cash flow generation.
Verdict Logic
the company's reliance on volatile repo financing and the lack of consistent dividend coverage, evidenced by payout ratios fluctuating between 0.67 and 1.15, present substantial risks to long-term capital preservation.
PMTU Growth Metrics
PennyMac Mortgage Investment Trust (PMTU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.4%
5 Years-6.09%
3 Years-
TTM61.81%
Profit CAGR
10 Years3.56%
5 Years19.55%
3 Years-
TTM7.56%
EPS CAGR
10 Years-1.57%
5 Years29.67%
3 Years-
TTM25.11%
Return on Capital
10 Years4.85%
5 Years2.61%
3 Years4.56%
Last Year0.9%
PMTU Recent Earnings
PennyMac Mortgage Investment Trust (PMTU) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/7 qtrs (40%)●Beat Revenue 1/7 qtrs (20%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.16-56.6%
$0.37
Rev
$82M-11.6%
$93M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.48+20.8%
$0.40
Rev
$94M-5.0%
$98M
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$0.67+89.0%
$0.35
Rev
$444M+357.0%
$97M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.09-75.7%
$0.36
Rev
$5M-94.6%
$94M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.16vs $0.37-56.6% | $82Mvs $93M-11.6% |
| Q1 2026 | Jan 29, 2026 | $0.48vs $0.40+20.8% | $94Mvs $98M-5.0% |
| Q4 2025 | Oct 21, 2025 | $0.67vs $0.35+89.0% | $444Mvs $97M+357.0% |
| Q3 2025 | Jul 22, 2025 | $0.09vs $0.36-75.7% | $5Mvs $94M-94.6% |
Based on last 7 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for PennyMac Mortgage Investment Trust (PMTU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.55 | $2.23B | 25.81 | 103.82% | 12.43% | 6.68% | 6.27% | |
| $9.33 | $952.54M | 5.55 | 213.02% | 20.7% | 7.43% | — | |
| $11.17 | $12.82B | 7.60 | -60.79% | 43.6% | 12.7% | — | |
| $22.99 | $16.85B | 7.87 | 5.35% | 31.96% | 14.34% | — | |
| $12.09 | $1.27B | -2.77 | -28.4% | -44.82% | -19.11% | — | |
| $7.87 | $563.83M | 5.96 | 3.17% | 22% | 7.84% | — |
Compare PMTU vs Peers
PennyMac Mortgage Investment Trust (PMTU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PMTU SEC Filings & Documents
PennyMac Mortgage Investment Trust (PMTU) SEC filings — annual & quarterly reports (10-K, 10-Q)
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PMTU Frequently Asked Questions
PennyMac Mortgage Investment Trust (PMTU) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is PennyMac Mortgage Investment Trust's revenue?
PennyMac Mortgage Investment Trust (PMTU) reported $957.0M in revenue for fiscal year 2025. This represents a 2606% increase from $35.4M in 2010.
How fast is PennyMac Mortgage Investment Trust growing?
PennyMac Mortgage Investment Trust (PMTU) grew revenue by 103.8% over the past year. This is strong growth.
Is PMTU profitable?
Yes, PennyMac Mortgage Investment Trust (PMTU) is profitable, generating $132.4M in net income for fiscal year 2025 (12.4% net margin).
Dividend & Returns
Does PMTU pay dividends?
Yes, PennyMac Mortgage Investment Trust (PMTU) pays a dividend with a yield of 6.27%. This makes it attractive for income-focused investors.
What is PMTU's return on equity?
PennyMac Mortgage Investment Trust (PMTU) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.
Industry Metrics
What is PennyMac Mortgage Investment Trust's FFO?
PennyMac Mortgage Investment Trust (PMTU) generated Funds From Operations (FFO) of $76.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is PMTU a good dividend stock?
PennyMac Mortgage Investment Trust (PMTU) offers a 6.27% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.