Western Asset Mortgage Capital (WMC) Reports In-Line Q1 EPS
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Western Asset Mortgage Capital Corporation Announces First Quarter 2019 Results
May 7, 2019 4:35 PM EDTPASADENA, Calif., May 7, 2019 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the first quarter ended March 31, 2019.
FIRST QUARTER 2019 FINANCIAL HIGHLIGHTS
March 31, 2019 book value per share of $10.70, net of first quarter common dividend of $0.31 per share declared on March 21, 2019. GAAP net income of $27.9 million, or $0.58 per basic and diluted share. Core earnings of $15.5 million, or $0.32 per basic and diluted share.1 Economic return on book value was 5.4%1,2 for the quarter. 2.36% annualized net interest margin on our... More