Discontinued — last reported Q3 '24
Corporate — Management Fee Expense
PennyMac Mortgage Investment Trust Corporate — Management Fee Expense increased by 0.3% to $7.15M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 0.3%, from $7.18M to $7.15M. Over 2 years (FY 2021 to FY 2023), Corporate — Management Fee Expense shows a downward trend with a -12.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to assets under management indicates improved cost efficiency, while an increase may pressure net margins.
Detailed definition
The expense incurred for management services, typically paid to an external manager or advisor. This is a primary operat...
Peer comparison
Standard in externally managed REITs as 'Management Fee Expense'.
pmt_segment_corporate_management_fee_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.91M | $8.52M | $8.92M | $8.12M | $7.91M | $7.73M | $7.31M | $7.26M | $7.08M | $7.18M | $7.25M | $7.19M | $7.13M | $7.15M |
| QoQ Change | — | -28.5% | +4.7% | -9.0% | -2.6% | -2.3% | -5.5% | -0.7% | -2.5% | +1.4% | +1.1% | -0.9% | -0.8% | +0.3% |
| YoY Change | — | — | — | — | -33.6% | -9.3% | -18.1% | -10.6% | -10.5% | -7.2% | -0.8% | -1.0% | +0.8% | -0.3% |
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Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's corporate — management fee expense?
- PennyMac Mortgage Investment Trust (PMT) reported corporate — management fee expense of $7.15M in Q3 2024.
- How has PennyMac Mortgage Investment Trust's corporate — management fee expense changed year-over-year?
- PennyMac Mortgage Investment Trust's corporate — management fee expense decreased by 0.3% year-over-year, from $7.18M to $7.15M.
- What is the long-term trend for PennyMac Mortgage Investment Trust's corporate — management fee expense?
- Over 2 years (2021 to 2023), PennyMac Mortgage Investment Trust's corporate — management fee expense has grown at a -12.8% compound annual growth rate (CAGR), from $37.80M to $28.76M.
- What does corporate — management fee expense mean?
- The cost of paying for external management services.