Here are the 10-K annual reports from PennyMac Mortgage Investment Trust (PMT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PMT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PMT filings page.
PennyMac Mortgage Investment Trust details its 2025 performance and business profile. The company reported net investment income of $307.5M and pretax income of $93.8M, with total assets of $21.35B and a total debt‑to‑equity ratio of 10.1:1.
PennyMac operates three main segments: credit sensitive strategies, interest rate sensitive strategies, and correspondent production. In 2025 it purchased $70.8B of correspondent loans at fair value and generated $717.9M of new MSR and securitization-related investments.
The trust carried $19.1B of debt and shareholders’ equity of $1.89B, supported by common and preferred shares. It emphasizes REIT tax qualification, heavy use of secured and unsecured financing, and outlines extensive risks from interest rates, housing conditions, leverage, regulation, and liquidity.