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

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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.

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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.

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC” or the “Company”) today announced that its Board of Directors has approved a reverse stock split of the Company's common stock at a ratio of 1-for-10. The reverse stock split was previously approved by stockholders at the Annual Meeting of Stockholders held on June 24, 2022. WMC's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange at the market open on July 11,

Western Asset Mortgage Capital Corporation Board Approves 1-for-10 Reverse Stock Split Ratio

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 $0.04 per share for the second quarter of 2022. Today's dividend is payable on July 25, 2022 to common shareholders of record as of July 1, 2022, with an ex-dividend date of June 30, 2022. In addition, the Company estimates that its GAAP book value per share, as of May 31, 2022, was approximately $2.58. The May 31,

Western Asset Mortgage Capital Corporation Declares Second Quarter Dividend of $0.04 Per Share

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today the appointment of Robert W. Lehman as Chief Financial Officer, effective tomorrow, June 15th. Lehman is a real estate and REIT specialist with more than 35 years of experience in accounting, auditing, strategic plan creation and execution, capital markets and mergers and acquisitions. Lehman was most recently a senior partner overseeing major real estate accounts at EY (for

Western Asset Mortgage Capital Corporation Appoints Robert W. Lehman as Chief Financial Officer

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that Lisa Meyer, President, Chief Financial Officer and Treasurer of the Company, will be leaving the Company to pursue another opportunity. The Company is in the process of identifying candidates to serve as her successor, and will provide an update when an interim or permanent successor is appointed. Ms. Meyer will remain with the Company through June 10, 2022 to assist wi

Western Asset Mortgage Capital Corporation Announces Departure of CFO and Search for Successor

Western Asset Mortgage Capital Corp (NYSE:WMC ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Larry Clark - IR Contact Bonnie Wongtrakool - Portfolio Manager Sean Johnson - Deputy CIO Greg Handler - CIO Lisa Meyer - CFO, Treasurer & President Conference Call Participants Jason Stewart - JonesTrading Institutional Services LLC Trevor Cranston - JMP Securities Operator Welcome to Western Asset Mortgage Capital Corporation's First 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) on Q1 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 first quarter ended March 31, 2022. BUSINESS UPDATE The Company continues to execute on its business strategy to focus on residential real estate investments. For the three months ended March 31, 2022, the Company acquired $119.1 million of Residential Whole Loans. The Company also purchased $40.0 million of Non-Agency RMBS investments during the

Western Asset Mortgage Capital Corporation Announces First Quarter 2022 Results

The management had no choice but to cut the dividend in March by 33% which translates to a forward dividend yield of 10.88%. The management has been restructuring WMC's investment portfolio to residential real estate assets and exiting commercial ones.

Western Asset Mortgage Capital: Recent Dividend Cut And Declining Book Value

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, 2022 after the market closes on Thursday, May 5, 2022. The Company will host a corresponding conference call with a live webcast on Friday, May 6, 2022 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in participating in the con

Western Asset Mortgage Capital Corporation to Report First Quarter 2022 Financial Results and Announces 2022 Annual Meeting and Record Date

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 $0.04 per share for the first quarter of 2022. Today's dividend is payable on April 26, 2022 to common shareholders of record as of April 4, 2022, with an ex-dividend date of April 1, 2022. “The Company, in conjunction with its Board of Directors, has decided to reset the quarterly dividend to better reflect the ear

Western Asset Mortgage Capital Corporation Declares First Quarter Dividend of $0.04 Per Share

Western Asset Mortgage Capital Corporation (WMC) CEO Bonnie Wongtrakool on Q4 2021 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 fourth quarter and the year ended December 31, 2021. BUSINESS UPDATE In December 2021, the Company announced its intention to focus its investment strategy on residential real estate related investments, including but not limited to non-qualified mortgage loans, non-agency RMBS, and other related investments. The portfolio transition is expected t

Western Asset Mortgage Capital Corporation Announces Fourth Quarter and Full Year 2021 Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it has priced an aggregate $398.9 million of Mortgage-Backed Notes, Series 2022-1 (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 2022-1 in five classes, were priced with a weighted average fixed interest rate of approximately 3.1% per an

Western Asset Mortgage Capital Corporation Announces Pricing of $398.9 Million Residential Whole Loan Securitization

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, 2021 after the market closes on Wednesday, March 2, 2022. The Company will host a corresponding conference call with a live webcast on Thursday, March 3, 2022 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in part

Western Asset Mortgage Capital Corporation to Report Fourth Quarter and Full Year 2021 Financial Results

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 2021. The below information is provided to assist the Company's stockholders with tax reporting requirements related to dividend distribution of taxable income by the Company. Stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions. These ta

Western Asset Mortgage Capital Corporation Announces Tax Characteristics of 2021 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 $0.06 per share for the fourth quarter of 2021. Today's dividend is payable on January 26, 2022 to common shareholders of record as of December 31, 2021, with an ex-dividend date of December 30, 2021. In addition, the Company estimates that its GAAP book value per share, as of November 30, 2021, was approximately $3

Western Asset Mortgage Capital Corporation Declares Fourth Quarter Dividend of $0.06 Per Share; Announces Focus on Residential Real Estate Related Investments

Western Asset Mortgage Capital Corp (WMC) on Q3 2021 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 third quarter ended September 30, 2021. THIRD QUARTER 2021 RESULTS During the third quarter we continued strengthening our balance sheet by refinancing a significant portion of our 6.75% Convertible Senior Unsecured notes due in October 2022 (2022 Notes"), and separately improving liquidity. BUSINESS UPDATE In August 2021, the Company repurchased

Western Asset Mortgage Capital Corporation Announces Third Quarter 2021 Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the third quarter ended September 30, 2021 after the market closes on Thursday, November 4, 2021. The Company will host a corresponding conference call with a live webcast on Friday, November 5, 2021 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in participat

Western Asset Mortgage Capital Corporation to Report Third Quarter 2021 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 $0.06 per share for the third quarter of 2021. Today's dividend is payable on October 26, 2021 to common shareholders of record as of October 4, 2021, with an ex-dividend date of October 1, 2021. In addition, the Company estimates that its GAAP book value per share, as of August 31, 2021, was approximately $3.67. Th

Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend of $0.06 Per Share

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced the pricing of its previously announced public offering of $75 million aggregate principal amount of its 6.75% Convertible Senior Notes due 2024 (the “Notes”). The Company has granted the underwriter a 30-day option to purchase up to $11.25 million aggregate principal amount of additional Notes on the same terms and conditions to cover over-allotments, if any. The offering i

Western Asset Mortgage Capital Corporation Announces Pricing of $75 Million 6.75% Convertible Senior Notes Due 2024

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it intends to offer, subject to market and other conditions, Convertible Senior Notes due 2024 (the “Notes”). The Company intends to grant the underwriter a 30-day option to purchase additional Notes to cover over-allotments, if any. The Notes will pay interest semiannually and are expected to mature on September 15, 2024, unless earlier converted, redeemed or repurchas

Western Asset Mortgage Capital Corporation Announces Proposed Public Offering of Convertible Senior Notes Due 2024

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) announced today that Jennifer Murphy will resign from her positions as President, Chief Executive Officer (“CEO”) and as a member of the Board of Directors of the Company (the “Board”), effective October 1, 2021, to pursue a new venture. To replace her, the Board of Directors of the Company has appointed Bonnie Wongtrakool as CEO, and Lisa Meyer as President of the Company, effective Octobe

Western Asset Mortgage Capital Corporation Announces Chief Executive Officer and President Appointments

Western Asset Mortgage Capital Corporation (WMC) CEO Jennifer Murphy on Q2 2021 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, 2021. SECOND QUARTER 2021 FINANCIAL RESULTS During the second quarter we continued strengthening our balance sheet by favorably amending two key financing facilities, and improving liquidity. Second quarter financial results included the following: GAAP book value per share was $3.55 at June 30, 2021. Economic book va

Western Asset Mortgage Capital Corporation Announces Second Quarter 2021 Results

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, 2021 after the market closes on Tuesday, August 3, 2021. The Company will host a corresponding conference call with a live webcast on Wednesday, August 4, 2021 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in participating in

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