NYSE:PMTMortgage REITs
Will Strong Q4 Results and US$2.8 Billion Securitizations Change PennyMac Mortgage Investment Trust's (PMT) Narrative?
PennyMac Mortgage Investment Trust recently reported fourth quarter results, posting earnings per share of US$0.48, an annualized return on common equity of 13%, eight private label securitizations totaling US$2.80 billion, more than US$180 million of retained subordinate bond investments, and issued US$150 million of exchangeable senior notes to bolster liquidity.
This combination of earnings strength, expanded securitization activity, and fresh exchangeable debt financing highlights how...