PennyMac Mortgage Investment Trust Interest Rate Sensitive Strategies — Operating Expenses decreased by 2.9% to $23.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.7%, from $25.18M to $23.50M. Over 4 years (FY 2021 to FY 2025), Interest Rate Sensitive Strategies — Operating Expenses shows an upward trend with a 3.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may indicate rising administrative burdens or inefficiencies, while a decrease suggests improved cost management.
Represents the total costs incurred to manage and maintain the interest rate sensitive mortgage asset portfolio. This in...
Similar to operating expense line items in other mortgage REITs or specialty finance segments.
pmt_segment_interest_rate_sensitive_strategies_operating_expenses| 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $21.44M | $21.79M | $22.40M | $23.20M | $20.85M | $22.88M | $23.00M | $21.66M | $21.47M | $22.91M | $22.31M | $22.47M | $22.22M | $25.60M | $26.44M | $25.18M | $25.60M | $24.19M | $24.22M | $23.50M |
| QoQ Change | — | +1.6% | +2.8% | +3.6% | -10.2% | +9.7% | +0.5% | -5.8% | -0.9% | +6.7% | -2.6% | +0.7% | -1.1% | +15.2% | +3.3% | -4.7% | +1.6% | -5.5% | +0.1% | -2.9% |
| YoY Change | — | — | — | — | -2.8% | +5.0% | +2.7% | -6.6% | +3.0% | +0.1% | -3.0% | +3.7% | +3.5% | +11.7% | +18.5% | +12.1% | +15.2% | -5.5% | -8.4% | -6.7% |