Western Asset Mortgage Capital

Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The firm engages in managing a diversified portfolio of assets. It focuses on investing in, financing and managing real estate related securities, whole loans and other financial assets. The company was founded on June 3, 2009 and is headquartered in Salt Lake City, UT.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q2 2024

Western Asset Mortgage Capital reports Q4 declines, eyes strategic reshaping

Western Asset Mortgage Capital (WMC) faced declines in book value per share and distributable earnings in Q4 2022. Despite challenges in stabilizing earnings, the company showcased strengths in its non-QM portfolio performance and stable commercial holdings. Opportunities lie in the ongoing strategic review process and potential for reshaping the company's future through enhanced shareholder value.

Western Asset Mortgage Capital (WMC) reports growth and explores strategic options

Western Asset Mortgage Capital (WMC) delivered a solid performance in Q1 2023, marked by increased book values and distributable earnings.
The company's strategic review for a potential sale or merger aims to enhance shareholder value and drive future growth.
Despite challenges such as debt reduction and economic uncertainties, WMC remains focused on financial stability and portfolio performance.

Western Asset Mortgage Capital announces merger with MITT, strategic outlook

WMC's Q2 2023 earnings call highlighted the merger with MITT, offering shareholders a premium and strategic benefits. While facing challenges in earnings and book value, the company aims to capitalize on opportunities for cost savings and growth. Maintaining the dividend reflects stability amidst changes in the residential mortgage credit market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Western Asset Mortgage Capital is a  financial REIT company. They offer  aims to provide attractive risk-adjusted returns to its investors over the long-term across market conditions and economic cycles.

NEW YORK--(BUSINESS WIRE)--Terra Property Trust, Inc. (“TPT”), an externally managed real estate investment trust (“REIT”) that originates, invests in, and manages loans and assets secured by commercial real estate (“CRE”), and Western Asset Mortgage Capital Corporation (NYSE: WMC), an externally managed REIT that invests in, finances, and manages a portfolio of real estate-related securities, whole loans, and other financial assets, today jointly announced that they have entered into a definit.

Terra Property Trust and Western Asset Mortgage Capital Corporation Announce Merger to Form Credit-Oriented Real Estate Investment Trust

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the second quarter of 2023. Today's dividend is payable on July 26, 2023 to common shareholders of record as of July 3, 2023, with an ex-dividend date of June 30, 2023. In addition, the Company estimates that its GAAP book value per share, as of May 31, 2023, was approximately $15.50. The May 31,.

Western Asset Mortgage Capital Corporation Declares Second Quarter Dividend of $0.35 Per Share

Western Asset Mortgage Capital Corporation struggles to recover from the pandemic shock and rising interest rates, with management considering a sale or merger. WMC's Q1 2023 results show improved earnings and asset prices, but book value remains significantly down from previous years. The mortgage market faces challenges in 2023, with higher interest rates discouraging refinancing and home sales, but overall performance remains robust due to low unemployment and strong household income.

Western Asset Mortgage Capital: Little Chance Of Recovery In My Opinion

Western Asset Mortgage Capital Corporation (NYSE:WMC ) Q1 2023 Earnings Conference Call May 5, 2023 12:00 PM ET Company Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Sean Johnson - Deputy Chief Investment Officer Greg Handler - Chief Investment Officer Robert Lehman - Chief Financial Officer Conference Call Participants Matthew Erdner - JonesTrading Operator Welcome to the Western Asset Mortgage Capital Corporation First Quarter 2023 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.

Western Asset Mortgage Capital Corporation (WMC) Q1 2023 Earnings Call Transcript

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company” or “WMC”) (NYSE: WMC) today reported its results for the first quarter ended March 31, 2023. BUSINESS UPDATE The Company continues to execute on its business strategy to focus on residential real estate investments and to take actions to strengthen its balance sheet: For the three months ended March 31, 2023, the Company received $36.6 million from the repayment or paydown of Commercial Whole Loans, Non.

Western Asset Mortgage Capital Corporation Announces First Quarter 2023 Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the first quarter ended March 31, 2023 after the market closes on Thursday, May 4, 2023. The Company will host a corresponding conference call with a live webcast on Friday, May 5, 2023 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results. Individuals interested in participating in the conference call may do s.

Western Asset Mortgage Capital Corporation to Report First Quarter 2023 Financial Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the first quarter of 2023. Today's dividend is payable on April 26, 2023 to common shareholders of record as of April 3, 2023, with an ex-dividend date of March 31, 2023. In addition, the Company estimates that its GAAP book value per share, as of February 28, 2023, was approximately $16.95.

Western Asset Mortgage Capital Corporation Declares First Quarter Dividend of $0.35 Per Share

The following slide deck was published by Western Asset Mortgage Capital Corporation in conjunction with their 2022 Q4 earnings call.

Western Asset Mortgage Capital Corporation 2022 Q4 - Results - Earnings Call Presentation

Western Asset Mortgage Capital Corporation (NYSE:WMC ) Q4 2022 Earnings Conference Call March 3, 2023 11:00 AM ET Company Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Robert Lehman - Chief Financial Officer Greg Handler - Chief Investment Officer Sean Johnson - Deputy Chief Investment Officer Conference Call Participants Jason Stewart - Jones Trading Operator Welcome to the Western Asset Mortgage Capital Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 p.m.

Western Asset Mortgage Capital Corporation (WMC) Q4 2022 Earnings Call Transcript

PASADENA, Calif.--(BUSINESS WIRE)--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, 2022. FULL YEAR HIGHLIGHTS The Company continues to execute on its business strategy to focus on residential real estate investments, completing securitizations of $834.

Western Asset Mortgage Capital Corporation Announces Fourth Quarter and Full Year 2022 Results

ARMOUR Residential REIT

Cherry Hill Mortgage

Chimera Investment

Invesco Mortgage Capital

MFA Financial

Annaly Capital

Orchid Island Capital

Ready Capital Corp

Two Harbors Investment

REITs are dividend-paying entities that own or finance real estate.

Best REITS For Reliable Income For 2023

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the fourth quarter and year ended December 31, 2022 after the market closes on Thursday, March 2, 2023. The Company will host a corresponding conference call with a live webcast on Friday, March 3, 2023 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results.

Western Asset Mortgage Capital Corporation to Report Fourth Quarter and Full Year 2022 Financial Results

PASADENA, Calif.--(BUSINESS WIRE)--Please replace the release dated February 6, 2023 with the following corrected version due to multiple revisions. The updated release reads: WESTERN ASSET MORTGAGE CAPITAL CORPORATION ANNOUNCES UPDATED TAX CHARACTERISTICS OF 2022 DIVIDENDS Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today updated tax treatment of its common stock dividends declared in 2022. The update relates to the $0.

CORRECTING and REPLACING Western Asset Mortgage Capital Corporation Announces Updated Tax Characteristics of 2022 Dividends

PASADENA, Calif.--( BUSINESS WIRE )--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today the tax treatment of its common stock dividends declared in 2022.

Western Asset Mortgage Capital Corporation Announces Tax Characteristics of 2022 Dividends

PASADENA, Calif.--( BUSINESS WIRE )--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.40 per share for the fourth quarter of 2022. Today's dividend is payable on January 26, 2023 to common shareholders of record as of January 3, 2023, with an ex-dividend date of December 30, 2022.

Western Asset Mortgage Capital Corporation Declares Fourth Quarter Dividend of $0.40 Per Share

Western Asset Mortgage Capital Corp (NYSE:WMC ) Q3 2022 Earnings Conference Call November 4, 2022 12:00 PM ET Corporate Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Greg Handler - Chief Investment Officer Bob Lehman - Chief Financial Officer Sean Johnson - Deputy Chief Investment Officer Conference Call Participants Operator Good day and welcome to the Western Asset Mortgage Capital Corporation's Third Quarter 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.

Western Asset Mortgage Capital Corp (WMC) Q3 2022 Earnings Call Transcript

Western Asset Mortgage Capital Corporation Announces Third Quarter 2022 Results

Angel Oak Mortgage

When investing in mortgage real estate investment trust (REIT) it is important to know that these funds hold a five-year average dividend yield of 10.8%.

Looking For Double-Digit Returns? 3 Mortgage REITs You Can Buy For Less Than They're Worth — By This Measure

Western Asset Mortgage Capital Corporation to Report Third Quarter 2022 Financial Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.40 per share for the third quarter of 2022. Today's dividend is payable on October 26, 2022 to common shareholders of record as of October 3, 2022, with an ex-dividend date of September 30, 2022. In addition, the Company estimates that its GAAP book value per share, as of August 31, 2022, was approximately $22.02

Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend of $0.40 Per Share

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Western Asset Mortgage (WMC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Western Asset Mortgage (WMC) Is Attractively Priced Despite Fast-paced Momentum

Western Asset Mortgage Capital Corp (NYSE:WMC ) Q2 2022 Earnings Conference Call August 5, 2022 12:00 PM ET Corporate Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Greg Handler - Chief Investment Officer Bob Lehman - Chief Financial Officer Conference Call Participants Operator Welcome to Western Asset Mortgage Capital Corporation's Second Quarter 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.

Western Asset Mortgage Capital Corp (WMC) CEO Bonnie Wongtrakool on Q2 2022 Results - Earnings Call Transcript

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the second quarter ended June 30, 2022. BUSINESS UPDATE The Company continues to execute on its business strategy to focus on residential real estate investments and to take actions to strengthen its balance sheet: In July 2022, effected a 1-for-10 reverse stock split, which is reflected retroactively in all share numbers herein; Also, in July 2022, c

Western Asset Mortgage Capital Corporation Announces Second Quarter 2022 Results and Commences Strategic Alternatives Review Process

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the second quarter ended June 30, 2022 after the market closes on Thursday, August 4, 2022. The Company will host a corresponding conference call with a live webcast on Friday, August 5, 2022 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results. Individuals interested in participating in the conference call ma

Western Asset Mortgage Capital Corporation to Report Second Quarter 2022 Financial Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it has priced an aggregate $351.9 million of Mortgage-Backed Notes, Series 2022-2 (the “Notes”) in a residential mortgage-backed securitization comprised of a portfolio of residential whole loans. The Notes, which initially will be issued by Arroyo Mortgage Trust 2022-2 in four classes, were priced with a weighted average fixed interest rate of approximately 5.9% per an

News for Western Asset Mortgage Capital Stock (WMC)