PennyMac Mortgage Investment Trust (PMT) - Net Assets
Based on the latest financial reports, PennyMac Mortgage Investment Trust (PMT) has net assets worth $1.89 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.35 Billion) and total liabilities ($19.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PMT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.89 Billion |
| % of Total Assets | 8.84% |
| Annual Growth Rate | 11.87% |
| 5-Year Change | -20.28% |
| 10-Year Change | 39.69% |
| Growth Volatility | 35.12 |
PennyMac Mortgage Investment Trust - Net Assets Trend (2009–2025)
This chart illustrates how PennyMac Mortgage Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore PennyMac Mortgage Investment Trust assets under control for the complete picture of this company's asset base.
Annual Net Assets for PennyMac Mortgage Investment Trust (2009–2025)
The table below shows the annual net assets of PennyMac Mortgage Investment Trust from 2009 to 2025. For live valuation and market cap data, see PMT market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.89 Billion | -2.64% |
| 2024-12-31 | $1.94 Billion | -0.95% |
| 2023-12-31 | $1.96 Billion | -0.29% |
| 2022-12-31 | $1.96 Billion | -17.09% |
| 2021-12-31 | $2.37 Billion | +3.08% |
| 2020-12-31 | $2.30 Billion | -6.29% |
| 2019-12-31 | $2.45 Billion | +56.49% |
| 2018-12-31 | $1.57 Billion | +1.40% |
| 2017-12-31 | $1.54 Billion | +14.32% |
| 2016-12-31 | $1.35 Billion | -9.69% |
| 2015-12-31 | $1.50 Billion | -5.20% |
| 2014-12-31 | $1.58 Billion | +7.57% |
| 2013-12-31 | $1.47 Billion | +22.12% |
| 2012-12-31 | $1.20 Billion | +120.02% |
| 2011-12-31 | $546.02 Million | +70.68% |
| 2010-12-31 | $319.91 Million | +1.95% |
| 2009-12-31 | $313.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PennyMac Mortgage Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 58094200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $870.00K | 0.05% |
| Other Components | $2.47 Billion | 130.83% |
| Total Equity | $1.89 Billion | 100.00% |
PennyMac Mortgage Investment Trust Competitors by Market Cap
The table below lists competitors of PennyMac Mortgage Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$1.07 Billion |
|
Guardian Capital Group Ltd. Cl.A Nv (GCG-A.TO
TO:GCG-A
|
$1.07 Billion |
|
Zhejiang Tianyu Pharmaceutical Co Ltd
SHE:300702
|
$1.07 Billion |
|
Norion Bank
ST:NORION
|
$1.07 Billion |
|
Prosiebensat 1 Media AG
XETRA:PSM
|
$1.07 Billion |
|
Dometic Group AB (publ)
ST:DOM
|
$1.07 Billion |
|
Tronox Holdings PLC
NYSE:TROX
|
$1.07 Billion |
|
Community Trust Bancorp Inc
NASDAQ:CTBI
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PennyMac Mortgage Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,938,500,000 to 1,887,331,000, a change of -51,169,000 (-2.6%).
- Net income of 127,872,000 contributed positively to equity growth.
- Other factors decreased equity by 179,041,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $127.87 Million | +6.78% |
| Other Changes | $-179.04 Million | -9.49% |
| Total Change | $- | -2.64% |
Book Value vs Market Value Analysis
This analysis compares PennyMac Mortgage Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $18.71 | $12.33 | x |
| 2010-12-31 | $18.77 | $12.33 | x |
| 2011-12-31 | $20.47 | $12.33 | x |
| 2012-12-31 | $27.38 | $12.33 | x |
| 2013-12-31 | $21.13 | $12.33 | x |
| 2014-12-31 | $19.20 | $12.33 | x |
| 2015-12-31 | $17.95 | $12.33 | x |
| 2016-12-31 | $17.52 | $12.33 | x |
| 2017-12-31 | $20.70 | $12.33 | x |
| 2018-12-31 | $22.58 | $12.33 | x |
| 2019-12-31 | $27.94 | $12.33 | x |
| 2020-12-31 | $23.11 | $12.33 | x |
| 2021-12-31 | $24.31 | $12.33 | x |
| 2022-12-31 | $21.47 | $12.33 | x |
| 2023-12-31 | $17.52 | $12.33 | x |
| 2024-12-31 | $22.33 | $12.33 | x |
| 2025-12-31 | $21.70 | $12.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PennyMac Mortgage Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.03%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 11.31x
- Recent ROE (6.78%) is below the historical average (7.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 7.65% | 69.23% | 0.06x | 1.84x | $-7.51 Million |
| 2011 | 11.80% | 71.01% | 0.07x | 2.54x | $9.84 Million |
| 2012 | 11.51% | 42.09% | 0.13x | 2.13x | $18.12 Million |
| 2013 | 13.65% | 47.14% | 0.10x | 2.94x | $53.48 Million |
| 2014 | 12.33% | 47.67% | 0.08x | 3.11x | $36.73 Million |
| 2015 | 6.02% | 30.81% | 0.05x | 3.89x | $-59.51 Million |
| 2016 | 5.61% | 24.38% | 0.05x | 4.71x | $-59.30 Million |
| 2017 | 7.62% | 26.23% | 0.08x | 3.63x | $-36.71 Million |
| 2018 | 9.76% | 37.28% | 0.05x | 4.99x | $-3.82 Million |
| 2019 | 9.24% | 23.75% | 0.08x | 4.80x | $-18.73 Million |
| 2020 | 2.28% | 48.21% | 0.01x | 5.01x | $-177.31 Million |
| 2021 | 2.40% | 68.63% | 0.01x | 5.82x | $-179.90 Million |
| 2022 | -3.73% | 0.00% | -0.01x | 7.09x | $-269.57 Million |
| 2023 | 10.20% | 27.51% | 0.06x | 6.70x | $3.94 Million |
| 2024 | 8.30% | 31.90% | 0.04x | 7.43x | $-32.87 Million |
| 2025 | 6.78% | 8.03% | 0.07x | 11.31x | $-60.86 Million |
Industry Comparison
This section compares PennyMac Mortgage Investment Trust's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,936,275,022
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PennyMac Mortgage Investment Trust (PMT) | $1.89 Billion | 7.65% | 10.31x | $1.07 Billion |
| Arbor Realty Trust (ABR) | $1.07 Billion | 10.87% | 3.33x | $1.55 Billion |
| Acres Commercial Realty Corp (ACR) | $703.09 Million | -4.32% | 1.92x | $138.06 Million |
| Ares Commercial Real Estate (ACRE) | $419.17 Million | 7.25% | 3.22x | $286.25 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $61.88 Million |
| AGNC Investment Corp (AGNC) | $8.26 Billion | 1.88% | 7.67x | $12.12 Billion |
| Angel Oak Mortgage Inc (AOMR) | $248.31 Million | 0.30% | 1.05x | $210.28 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $1.38 Billion | 7.51% | 0.98x | $1.43 Billion |
| ARMOUR Residential REIT Inc (ARR) | $2.26 Billion | 14.27% | 8.29x | $2.04 Billion |
| Brightspire Capital Inc (BRSP) | $928.40 Million | -3.36% | 2.84x | $755.61 Million |
| Blackstone Mortgage Trust Inc (BXMT) | $3.78 Billion | 8.07% | 3.37x | $3.21 Billion |
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securitie… Read more