Western Asset Mortgage Capital (WMC) Tops Q2 EPS by 4c
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Western Asset Mortgage Capital Corporation Announces Second Quarter 2018 Results
August 6, 2018 4:43 PM EDTPASADENA, Calif., Aug. 6, 2018 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the second quarter ended June 30, 2018.
SECOND QUARTER 2018 HIGHLIGHTS
June 30, 2018 book value per share of $11.10, net of second quarter common dividend of $0.31 per share declared on June 21, 2018. GAAP net income of $1.5 million, or $0.03 per basic and diluted share. Core earnings plus drop income of $15.2 million, or $0.36 per basic and diluted share.1,2 Economic return on book value was 0.4%1,3 for the quarter. 2.05% annualized net interest... More