Western Asset Mortgage Capital (WMC) Tops Q4 EPS by 1c
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Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2019 Results
March 4, 2020 4:32 PM ESTPASADENA, Calif., March 4, 2020 /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, 2019.
FOURTH QUARTER 2019 FINANCIAL HIGHLIGHTS
December 31, 2019 book value per share of $10.55, net of fourth quarter common dividend of $0.31 per share declared on December 19, 2019. GAAP net income of $12.5 million, or $0.23 per basic and diluted share. Core earnings plus drop income of $15.8 million, or $0.30 per basic and diluted share.1,2 Economic return on book value was a 2.5%1,3 for the... More