Western Asset Mortgage Capital (WMC) Tops Q4 EPS by 2c
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Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2018 Results
March 5, 2019 4:45 PM ESTPASADENA, Calif., March 5, 2019 /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, 2018.
FOURTH QUARTER 2018 HIGHLIGHTS
December 31, 2018 book value per share of $10.45, net of fourth quarter common dividend of $0.31 per share declared on December 19, 2018. GAAP net loss of $17.7 million, or $0.37 per basic and diluted share. Core earnings plus drop income of $16.2 million, or $0.34 per basic and diluted share.1,2 Economic return on book value was a negative 3.3%1,3 for the... More