Western Asset Mortgage Capital (WMC) Reports In-Line Q3 EPS

Western Asset Mortgage Capital (NYSE: WMC) reported Q3 EPS of $0.06, in-line with the analyst estimate of $0.06.

• GAAP book value per share was $3.45 at September 30, 2021.
• Economic book value(1) per share of $3.20 at September 30, 2021.
• GAAP net loss of $4.2 million or a net loss of $0.07 per basic and diluted share.
• Distributable Earnings(2) of $3.8 million, or $0.06 per basic and diluted share.
• Economic return(3) on GAAP book value was negative 1.1% for the quarter.
• 1.81% annualized net interest margin (1)(4)(5) on our investment portfolio.
• Recourse leverage was 2.9x at September 30, 2021.
• On September 23, 2021, we declared a third quarter common dividend of $0.06 per share.

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

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