PennyMac Financial Services on Wednesday reported soaring profit and revenue figures in the second quarter, as the company has experienced strong growth in its loan servicing portfolio. The Moorpark company reported net income of $9.6 million (45 cents a share) for the quarter ended June 30, compared with $2.8 million (22 cents) in the same period a year earlier. Revenue rose 22 percent to $130 million. Analysts on average had expected net income of 41 cents a share on revenue of $115 million, according to Thomson Financial Network. The company produces and services U.S. residential mortgage loans and is an affiliate of publicly held mortgage REIT PennyMac Mortgage Investment Trust. Stanford Kurland, the former president of Countrywide Financial, is chief executive of both companies. The company reported growth in all categories, including loan servicing. The company’s total servicing portfolio reached $93.6 billion, a more than 110 percent increase from the same time last year. “We believe that our organically built platform, combined with a strong compliance and governance culture, distinguishes PennyMac among mortgage companies,” said Kurland in a prepared statement. Shares closed down 6 cents, or less than 1 percent, to $14.89 on the New York Stock Exchange. In its second quarterly filing, PennyMac Mortgage Investment Trust reported growing profit and revenue as the company’s investment portfolio provided strong returns. The Moorpark real estate investment trust posted net income of $75.2 million (93 cents a share) in the quarter ended June 30, compared with $54.5 million (86 cents) in the same period a year earlier. The company’s net investment income rose 57 percent to $121 million. The REIT primarily invests in distressed residential mortgages and other mortgage-related assets but also does correspondent lending, originating and packaging loans for sales to banks. Revenue from its correspondent lending business grew 25 percent from the first quarter to $15.4 million. Shares closed up 6 cents, or less than one percent, to $21.16 on the New York Stock Exchange. LTC Properties Inc. reported second quarter funds from operations in line with Wall Street expectations, while the company saw strong growth in revenue from loan originations and acquisitions. The Westlake Village real estate investment trust for medical properties reported FFO of $22.5 million (64 cents a share) for the quarter ended June 30, compared to $19.1 million (57 cents) for the same period last year. Revenue rose nearly 14 percent to $29.2 million. Analysts on average expected FFO of 64 cents a share on revenue of $25.4 million, according to Thomson Financial Network. Funds from operations is a key REIT metric that adds amortization and appreciation back into net income to get a better picture of cash flow. The company reported net income of $17.3 million (50 cents a share), compared to $12 million (36 cents) for the same period in 2013. The company attributed the increase in FFO and net income to higher revenue from mortgage loan originations, acquisitions and completed property developments. LTC had 224 investments located in 29 states, comprised of 101 skilled nursing properties, 104 assisted living properties, nine range-of-care properties, one school, five parcels of land under development and four parcels of land held-for-use, as of June 30. Shares closed down 14 cents, or less than one percent, to $38.40 on the New York Stock Exchange.