Pennymac Mortgage Trust (PMT) Posts $5.99/Sh Loss

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Go back to Pennymac Mortgage Trust (PMT) Posts $5.99/Sh Loss

PennyMac Mortgage Investment Trust Reports First Quarter 2020 Results

May 7, 2020 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $600.9 million, or $5.99 per common share for the first quarter of 2020, on net investment losses of $506.5 million. PMT previously announced a cash dividend for the first quarter of 2020 of $0.25 per common share of beneficial interest, which was declared on March 25, 2020 and paid on April 30, 2020 to common shareholders of record as of April 15, 2020.

First Quarter 2020 Highlights

Financial results:

Net loss attributable to common shareholders of $600.9 million,... More