Western Asset Mortgage Capital (WMC) Reports In-Line Q4 EPS
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Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2017 Results
March 5, 2018 5:15 PM ESTPASADENA, Calif., March 5, 2018 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the fourth quarter and the year ended December 31, 2017.
Fourth Quarter 2017 Highlights
December 31, 2017 book value per share of $11.15, net of fourth quarter common dividend of $0.31 per share declared on December 21, 2017. GAAP net income of $21.4 million, or $0.51 per basic and diluted share. Core earnings plus drop income of $13.0 million, or $0.31 per basic and diluted share.1,2 Economic return on book value was 5.3%1,3 for the quarter. 1.79% annualized net... More