Western Asset Mortgage Capital (WMC) Misses Q3 EPS by 1c
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Western Asset Mortgage Capital Corporation Announces Third Quarter 2017 Results
November 7, 2017 4:35 PM ESTPASADENA, Calif., Nov. 7, 2017 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2017.
THIRD QUARTER 2017 HIGHLIGHTS
$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.... More