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WMC - Western Asset Mortgage Capital misses on revenue
Western Asset Mortgage Capital Corporation
Western Asset Mortgage Capital (WMC): Q3 Non-GAAP EPS of $0.10; GAAP EPS of $0.98.Revenue of $10.12M (-59.6% Y/Y) misses by $3.68M.Economic return on GAAP book value was 30.8% for the quarter.2.27% annualized net interest margin on investment portfolio.Reduced recourse leverage to 2.2x, down from 3.0x at June 30, 2020.Press Release