PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust (NYSE: PMT) is a specialty finance company that invests primarily in mortgage-related assets and operates as a real estate investment trust. The company conducts substantially all of its operations through PennyMac Operating Partnership, L.P. and its subsidiaries, with external… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What PennyMac Mortgage Investment Trust does
In the company’s own words
PennyMac Mortgage Investment Trust (NYSE: PMT) is a specialty finance company that invests primarily in mortgage-related assets and operates as a real estate investment trust. The company conducts substantially all of its operations through PennyMac Operating Partnership, L.P. and its subsidiaries, with external management provided by Pennymac Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc.
The company operates through three reportable segments. The credit sensitive strategies segment invests in credit risk transfer arrangements, subordinate and credit-linked mortgage-backed securities, and distressed loans. The interest rate sensitive strategies segment focuses on mortgage servicing rights, agency mortgage-backed securities, structured products including interest-only and principal-only stripped securities, and senior non-agency mortgage-backed securities. The correspondent production segment serves as an intermediary between lenders and capital markets by purchasing, pooling, and reselling newly originated prime credit quality loans either directly or as mortgage-backed securities.
As of December 31, 2025, PMT had total assets of approximately $21.3 billion. The company's investment portfolio includes mortgage servicing rights valued at $3.6 billion, agency fixed-rate pass-through securities of $2.9 billion, and credit risk transfer arrangements of $998 million. PMT maintains a significant relationship with government-sponsored enterprises, particularly Fannie Mae and Freddie Mac, through which it primarily sells acquired loans on a servicing-retained basis.
The company finances its operations through a combination of short-term repurchase agreements, long-term secured notes, and unsecured senior notes. As of year-end 2025, total debt was approximately $19.1 billion with a debt-to-equity ratio of 10.1:1. PMT has no direct employees, with all senior officers employed by PFSI and its affiliates. Loan production and servicing activities are performed by PennyMac Loan Services, LLC, which serviced approximately $226.8 billion in unpaid principal balance as of December 31, 2025. The company qualifies as a REIT for federal income tax purposes and maintains an exclusion from regulation as an investment company under the Investment Company Act of 1940.
Company details
- Sector
- Real Estate
- Industry
- REITs
- Headquarters
- WESTLAKE VILLAGE, CA
- Fiscal year end
- December
- CIK
- 1464423
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns PennyMac Mortgage Investment Trust — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · PennyMac Mortgage Investment Trust’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
PennyMac Mortgage Investment Trust’s bonds, as funds hold them
Funds report holding 2 issues of PennyMac Mortgage Investment Trust’s debt, $43.09M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.50%, maturing 2029 to 2030.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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