Western Asset Mortgage Capital (WMC) Misses Q3 EPS by 3c
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Western Asset Mortgage Capital Corporation Announces Third Quarter 2019 Results
November 5, 2019 4:57 PM ESTPASADENA, Calif., Nov. 5, 2019 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2019.
THIRD QUARTER 2019 FINANCIAL HIGHLIGHTS
September 30, 2019 book value per share of $10.60, net of third quarter common dividend of $0.31 per share declared on September 19, 2019. GAAP net income of $19.7 million, or $0.37 per basic and diluted share. Core earnings of $15.0 million, or $0.28 per basic and diluted share.1 Economic return on book value was 3.8% for the quarter.1,2 1.69% annualized net interest margin on our... More