Western Asset Mortgage Capital (WMC) Reports In-Line Q1 EPS

Western Asset Mortgage Capital (NYSE: WMC) reported Q1 EPS of $0.34, in-line with the analyst estimate of $0.34.

FIRST QUARTER 2018 HIGHLIGHTS

• March 31, 2018 book value per share of $11.37, net of first quarter common dividend of $0.31 per share declared on March 22, 2018.
• GAAP net income of $21.7 million, or $0.52 per basic and diluted share.
• Core earnings plus drop income of $14.1 million, or $0.34 per basic and diluted share.1,2
• Economic return on book value was 4.8%1,3 for the quarter.
• 1.90% annualized net interest margin on our investment portfolio. 1,4
• 7.7x leverage excluding securitized debt as of March 31, 2018 (10.5x leverage with securitized debt).
• Acquired $486.0 million in target assets, including $404.4 million of credit sensitive assets.5
• Repurchased 114,400 shares of common stock at an average price of $9.65 per share.

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

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