Western Asset Mortgage Capital (WMC) Misses Q3 EPS by 1c

Western Asset Mortgage Capital (NYSE: WMC) reported Q3 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33.

• $0.31 per share common dividend declared.
• GAAP net income of $22.8 million, or $0.54 per basic and diluted share.
• Core earnings plus drop income of $13.5 million, or $0.32 per basic and diluted share.1,2
• 2.21% annualized net interest margin on our investment portfolio.1,4
• Constant prepayment rate (\"CPR\") on the Company\'s Agency RMBS portfolio of 11.2% for the quarter.
• $10.88 per share net book value as of September 30, 2017, net of third quarter common dividend.
• Economic return on book value was 5.2%1,3 for the quarter.
• 7.3x leverage as of September 30, 2017.

For earnings history and earnings-related data on Western Asset Mortgage Capital (WMC) click here.

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