Western Asset Mortgage: Q4 Earnings Snapshot

KIFI

Published March 2, 2023 4:56 PM

SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Western Asset Mortgage Capital Corp. (WMC) on Thursday reported a loss of $828,000 in its fourth quarter.

On a per-share basis, the Salt Lake City-based company said it had a loss of 14 cents. Earnings, adjusted for non-recurring costs, came to 33 cents per share.

The real estate investment company posted revenue of $42.1 million in the period. Its adjusted revenue was $4.8 million.

For the year, the company reported a loss of $89.1 million, or $14.77 per share. Revenue was reported as $21 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMC at https://www.zacks.com/ap/WMC

Article Topic Follows: AP National Business

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