Discontinued — last reported Q2 '24
Credit Sensitive Strategies — Interest Expense
PennyMac Mortgage Investment Trust Credit Sensitive Strategies — Interest Expense increased by 5.5% to $24.27M in Q2 2024 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $21.75M to $24.27M. Over 2 years (FY 2021 to FY 2023), Credit Sensitive Strategies — Interest Expense shows an upward trend with a 20.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising interest expense relative to assets may indicate higher funding costs or increased leverage; lower expense suggests efficient financing.
Detailed definition
The total interest costs incurred on debt and financing arrangements used to fund the credit-sensitive mortgage asset po...
Peer comparison
Comparable to interest expense on debt facilities or repurchase agreements at other mortgage REITs.
pmt_segment_credit_sensitive_strategies_interest_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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $16.18M | $13.86M | $12.25M | $10.13M | $10.43M | $14.10M | $17.73M | $17.80M | $21.75M | $23.24M | $24.17M | $23.01M | $24.27M |
| QoQ Change | — | -14.3% | -11.6% | -17.3% | +3.0% | +35.2% | +25.8% | +0.4% | +22.2% | +6.8% | +4.0% | -4.8% | +5.5% |
| YoY Change | — | — | — | — | -35.5% | +1.7% | +44.8% | +75.8% | +108.6% | +64.8% | +36.3% | +29.2% | +11.6% |
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Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's credit sensitive strategies — interest expense?
- PennyMac Mortgage Investment Trust (PMT) reported credit sensitive strategies — interest expense of $24.27M in Q2 2024.
- How has PennyMac Mortgage Investment Trust's credit sensitive strategies — interest expense changed year-over-year?
- PennyMac Mortgage Investment Trust's credit sensitive strategies — interest expense increased by 11.6% year-over-year, from $21.75M to $24.27M.
- What is the long-term trend for PennyMac Mortgage Investment Trust's credit sensitive strategies — interest expense?
- Over 2 years (2021 to 2023), PennyMac Mortgage Investment Trust's credit sensitive strategies — interest expense has grown at a 20.8% compound annual growth rate (CAGR), from $59.55M to $86.96M.
- What does credit sensitive strategies — interest expense mean?
- The cost of borrowing money to fund the segment's mortgage investments.