Western Asset Mortgage Capital (WMC) Reports Q3 EPS of $0.33
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Western Asset Mortgage Capital Corporation Announces Third Quarter 2018 Results
November 7, 2018 4:35 PM ESTPASADENA, Calif., Nov. 7, 2018 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2018.
THIRD QUARTER 2018 FINANCIAL HIGHLIGHTS
September 30, 2018 book value per share of $11.13, net of third quarter common dividend of $0.31 per share declared on September 17, 2018. GAAP net income of $20.9 million, or $0.50 per basic and diluted share. Core earnings plus drop income of $13.8 million, or $0.33 per basic and diluted share.1,2 Economic return on book value was 3.1%1,3 for the quarter. 2.06% annualized net... More