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

Western Asset Mortgage Capital (NYSE: WMC) reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32.

• March 31, 2019 book value per share of $10.70, net of first quarter common dividend of $0.31 per share declared on March 21, 2019.
• GAAP net income of $27.9 million, or $0.58 per basic and diluted share.
• Core earnings of $15.5 million, or $0.32 per basic and diluted share.1
• Economic return on book value was 5.4%1,2 for the quarter.
• 2.36% annualized net interest margin on our investment portfolio. 1,3,4
• 5.9x leverage excluding non-recourse debt as of March 31, 2019 (7.5x leverage with non-recourse debt).

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

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