PennyMac Mortgage Investment Tr (PMTU) Income Statement Analysis

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Complete financial analysis of PennyMac Mortgage Investment Tr (PMTU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of PennyMac Mortgage Investment Tr, a leading company in the REIT – Industrial industry within the Real Estate sector.

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PennyMac Mortgage Investment Tr (PMTU)

Industry: REIT - Industrial

Sector: Real Estate

Website: http://www.pennymacmortgageinvestmenttrust.com

About PennyMac Mortgage Investment Tr

PennyMac 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	725.87M	-77.13M	1.32B	1.47B	1.55B	533.16M	491.35M	416.16M	292.43M	408.13M	424.66M	328.46M
Cost of Revenue	147.10M	198.40M	337.46M	360.72M	265.60M	162.27M	164.90M	186.18M	0.00	0.00	0.00	0.00
Gross Profit	578.77M	-275.53M	985.98M	1.11B	1.28B	370.89M	326.46M	229.98M	292.43M	408.13M	424.66M	328.46M
Gross Profit Ratio	79.73%	357.23%	74.50%	75.43%	82.84%	69.56%	66.44%	55.26%	100.00%	100.00%	100.00%	100.00%
Research & Development	2.05M	2.06M	1.79M	1.44M	1.62M	0.30	0.25	0.15	1.28M	984.00K	826.00K	701.00K
General & Administrative	36.38M	40.63M	48.95M	40.94M	42.05M	30.85M	29.49M	27.48M	31.50M	43.42M	40.78M	18.49M
Selling & Marketing	7.11M	5.94M	4.00M	3.89M	6.90M	6.78M	6.32M	7.00M	7.37M	8.33M	7.91M	7.14M
SG&A	43.49M	46.58M	52.95M	44.83M	48.95M	0.29	0.24	0.18	38.87M	51.74M	48.70M	25.63M
Other Expenses	0.00	36.54M	-662.87M	-1.22B	-297.67M	-175.52M	-150.06M	-148.18M	0.00	0.00	0.00	0.00
Operating Expenses	45.53M	208.75M	712.82M	1.33B	762.53M	251.86M	324.39M	249.25M	219.12M	228.67M	210.03M	141.64M
Cost & Expenses	45.53M	-103.46M	635.13M	178.24M	1.36B	251.86M	324.39M	249.25M	219.12M	228.67M	210.03M	141.64M
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	737.99M	412.68M	308.00M	281.11M	310.06M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	598.90M	-63.09M	-44.66M	-79.73M	-190.64M	375.18M	361.59M	351.68M	-76.53M	-184.60M	-209.67M	-194.37M
EBITDA	1.28B	26.55M	707.53M	1.30B	190.64M	-25.69M	-16.26M	24.03M	28.67M	23.19M	3.22M	-8.98M
EBITDA Ratio	176.24%	-34.42%	53.46%	88.87%	31.55%	-4.82%	-3.31%	5.78%	9.81%	5.68%	0.76%	-2.73%
Operating Income	680.33M	26.55M	707.53M	1.30B	488.32M	157.99M	124.55M	64.49M	76.53M	184.60M	209.67M	194.37M
Operating Income Ratio	93.73%	-34.42%	53.46%	88.87%	31.55%	29.63%	25.35%	15.50%	26.17%	45.23%	49.37%	59.18%
Total Other Income/Expenses	-435.94M	36.75M	-658.09M	-1.22B	0.00	175.52M	150.06M	145.45M	-3.23M	-175.94M	4.97M	-7.55M
Income Before Tax	244.40M	63.09M	44.66M	79.73M	190.64M	333.51M	274.60M	209.94M	73.30M	179.46M	214.64M	186.82M
Income Before Tax Ratio	33.67%	-81.79%	3.37%	5.43%	12.32%	62.55%	55.89%	50.45%	25.07%	43.97%	50.54%	56.88%
Income Tax Expense	44.74M	136.37M	-12.19M	27.36M	-35.72M	333.51M	274.60M	209.94M	16.80M	15.08M	14.45M	48.57M
Net Income	199.65M	-73.70M	56.54M	52.09M	225.79M	157.99M	124.55M	61.76M	88.41M	192.71M	198.44M	136.82M
Net Income Ratio	27.51%	95.55%	4.27%	3.55%	14.59%	29.63%	25.35%	14.84%	30.23%	47.22%	46.73%	41.65%
EPS	1.80	-0.81	0.26	0.27	2.54	75.69M	81.40M	56.66M	1.16	2.47	2.96	3.14
EPS Diluted	1.41	-0.81	0.26	0.27	2.42	79.56M	84.15M	57.19M	1.06	2.34	2.86	3.14
Weighted Avg Shares Out	87.37M	91.43M	97.40M	99.37M	78.99M	2.09	1.53	1.09	76.05M	78.05M	66.98M	43.57M
Weighted Avg Shares Out (Dil)	111.70M	91.43M	97.40M	99.37M	87.71M	1.99	1.48	1.08	83.34M	82.21M	69.45M	43.55M

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