PMT on NYSE

PennyMac Mortgage Investment Trust

American real estate investment trust based in Baltimore, active since 2009. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with InvenTrust Properties Corp., Pennsylvania Real Estate Investment Trust or Chatham Lodging Trust, or pick any stock.

  • TickerPMT on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersBaltimore, United States2
  • Incorporated inMD3
  • Business address3043 Townsgate Road, Westlake Village, Ca 913613
  • Filer categoryLarge accelerated filer3
  • Legal formStock Corporation2
  • LEI549300BSSOQO1ZWDUJ972
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2264 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D130550412

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Our ability to predict results or the actual effect of future events, actions, plans or strategies is inherently uncertain. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. There are a number of factors, many of which are beyond our control that could cause actual results to differ significantly from management’s expectations. Some of these factors are discussed below.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.6%Net margin7
-8.0%Revenue growth, 20257
6.8%Return on equity7
0.58×Debt to equity8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs47¢$145.5M
  • Income tax11¢$34.1M
  • Profit42¢$127.9M

Out of $307.5M in revenue.7

Financial statements

Revenue97$307.5M in 2025+1% since 2022
0$200.0M$400.0M$600.0M2022: $303.8M$303.8M20222023: $429.0M$429.0M2023+41%2024: $334.2M$334.2M2024−22%2025: $307.5M$307.5M2025−8%
Net income97$127.9M in 2025
-$100.0M0$100.0M$200.0M2022: -$73.3M-$73.3M20222023: $199.7M$199.7M20232024: $161.0M$161.0M2024−19%2025: $127.9M$127.9M2025−21%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Contractually specified$608.0M$644.6M$659.4M
Other$17.4M$14.7M$17.0M
Net mortgage loan servicing fees$625.5M$659.4M$676.4M
Change in fair value of mortgage servicing rights-$413.7M-$170.4M-$296.8M
Mortgage servicing rights hedging results-$172.9M-$226.6M-$92.8M
Net servicing fees from non-affiliates$48.9M$264.5M$288.6M
Net gains on loans held for sale at fair value:$52.2M$73.1M$39.9M
Loan origination fees$12.5M$15.1M$18.2M
Net gains on investments and financings$213.1M$61.0M$178.1M
Interest income$850.9M$635.3M$639.9M
Interest expense$870.4M$714.7M$736.0M
Net interest expense-$19.5M-$79.4M-$96.1M
Results of real estate acquired in settlement of loans-$64.0K-$437.0K-$186.0K
Other$243.0K$228.0K$472.0K
Net investment income$307.5M$334.2M$429.0M
Professional services$37.8M$12.8M$7.6M
Compensation$11.9M$5.6M$7.1M
Loan collection and liquidation$8.3M$6.8M$4.6M
Safekeeping$4.6M$4.4M$3.8M
Loan origination$2.3M$3.3M$4.6M
Other$12.9M$20.4M$19.0M
Total expenses$213.6M$191.5M$184.6M
Income before (benefit from) provision for income taxes$93.8M$142.6M$244.4M
(Benefit from) provision for income taxes-$34.1M-$18.3M$44.7M
Net Income (Loss)$127.9M$161.0M$199.7M
Dividends on preferred shares of beneficial interest$41.8M$41.8M$41.8M
Net income attributable to common shareholders$86.1M$119.2M$157.8M
Basic$0.99$1.37$1.80
Diluted$0.99$1.37$1.63
Basic87.0M shares86.8M shares87.4M shares
Diluted87.0M shares86.8M shares111.7M shares

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Leadership

Who has led PennyMac Mortgage Investment Trust, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stanford L. Kurland2009–2016
  2. David Spector2017–now

Chair

  1. Stanford L. Kurland2009–2020
  2. David Spector2021–now

President

  1. David Spector2009–2021

Chief financial officer

  1. Anne McCallion2009–2016
  2. Daniel Stanley Perotti2017–now

Chief operating officer

  1. David Spector2009–2016
2010201520202025
Board members and other officers (31)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Also consolidated

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Feb 27, 2017New chief executive David Spector becomes CEO14
  2. Aug 5, 2009New chief executive Stanford L. Kurland becomes CEO15
  3. May 18, 2009Founded PennyMac Mortgage Investment Trust is founded2

Filings

345 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 204 insider forms, 16 large holders, 55 other. The latest 20:

  1. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 1, 2026144 EDGAR
  3. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 1, 2026144 EDGAR
  5. Aug 4, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 4, 202610-Q EDGAR
  7. Aug 3, 2026144 EDGAR
  8. Jul 29, 20268-K EDGAR
  9. Jun 17, 20263 PRIMARY DOCUMENT EDGAR
  10. Jun 16, 20268-K EDGAR
  11. May 5, 202610-Q EDGAR
  12. May 5, 20268-K EDGAR
  13. Apr 30, 2026SCHEDULE 13G EDGAR
  14. Apr 29, 2026SCHEDULE 13G EDGAR
  15. Apr 21, 2026ARS EDGAR
  16. Apr 21, 2026DEFA14A EDGAR
  17. Apr 21, 2026DEF 14A EDGAR
  18. Mar 27, 2026SCHEDULE 13G/A EDGAR
  19. Mar 19, 20263 PRIMARY DOCUMENT EDGAR
  20. Mar 19, 20263 PRIMARY DOCUMENT EDGAR

The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

50 open-market trades by officers, directors and large owners since October 2021: 27 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Hendry Gregory LChief Accounting OfficerSale2,444$9.27$22.7KForm 4
Aug 3, 2026Hendry Gregory LChief Accounting OfficerSale2,444$9.37$22.9KForm 4
Jan 23, 2026Lynch Catherine A.DirectorBuy1,451$13.24$19.2KForm 4
Nov 17, 2025SPECTOR DAVIDChairman and CEOBuy10,000$12.40$124.0KForm 4
Oct 24, 2025Lynch Catherine A.DirectorBuy1,470$12.67$18.6KForm 4
Sep 22, 2025Lynch Catherine A.DirectorBuy2,823$12.02$33.9KForm 4
Jul 25, 2025Lynch Catherine A.DirectorBuy1,366$12.41$17.0KForm 4
Apr 25, 2025Lynch Catherine A.DirectorBuy1,268$12.06$15.3KForm 4
Apr 24, 2025Lynch Catherine A.DirectorBuy2,878$12.15$35.0KForm 4
Mar 5, 2025Jones DougDirector, President & CMBOSale14,530$14.50$210.7KForm 4
Jan 24, 2025Lynch Catherine A.DirectorBuy949$12.54$11.9KForm 4
Oct 25, 2024Lynch Catherine A.DirectorBuy838$13.81$11.6KForm 4
Sep 3, 2024Jones DougDirector, President & CMBOSale37,010$14.01$518.5KForm 4
Aug 8, 2024Lynch Catherine A.DirectorBuy950$13.30$12.6KForm 4
Jul 29, 2024Lynch Catherine A.DirectorBuy1,172$13.64$16.0KForm 4
Jul 26, 2024Lynch Catherine A.DirectorBuy757$13.76$10.4KForm 4
Apr 26, 2024Lynch Catherine A.DirectorBuy715$14.19$10.1KForm 4
Mar 11, 2024Jones DougDirector, President & CMBOSale7,810$14.34$112.0KForm 4
Mar 4, 2024Preston Paul DuFauchard, Jr.DirectorSale4,961$14.02$69.6KForm 4
Mar 1, 2024Carnahan Scott W.DirectorSale8,058$14.20$114.4KForm 4

All 50 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.14,569,469$164.3M0.0%+713,037
Vanguard Portfolio Management LLC5,035,834$56.8M0.0%+84,214
Vanguard Capital Management LLC3,840,860$43.3M0.0%+28,532
State Street Corp3,547,189$40.0M0.0%+164,917
Invesco Ltd.3,062,070$34.5M0.0%+867,573
Geode Capital Management, LLC2,298,199$25.9M0.0%+84,851
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,709,618$19.3M0.0%+51,493
Citadel Advisors LLC1,672,282$18.9M0.0%+795,047
Charles Schwab Investment Management Inc1,464,731$16.5M0.0%+9,913
Boston Partners1,384,525$15.3M0.0%−50,657
Morgan Stanley1,319,753$14.9M0.0%+216,773
Jpmorgan Chase & Co1,289,962$14.2M0.0%+425,141
Northern Trust Corp928,745$10.5M0.0%+4,542
Millennium Management LLC793,352$8.9M0.0%+545,841
Van Eck Associates Corp734,244$8.3M0.0%−21,669
First Trust Advisors LP635,796$7.2M0.0%+227,011
Vanguard Fiduciary Trust Co580,288$6.5M0.0%+22,629
Dana Investment Advisors, Inc.573,022$6.5M0.2%−9,412
EMG Holdings, L.P.572,080$6.5M10.8%New
Allianz Asset Management GmbH558,162$6.3M0.0%+258
Bank of New York Mellon Corp544,097$6.1M0.0%−44,447
Principal Financial Group Inc422,076$4.8M0.0%−897
Citigroup Inc407,487$4.6M0.0%+97,449
Bank Of America Corp /de/403,322$4.5M0.0%−9,190
UBS Group AG396,300$4.5M0.0%+165,484

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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