Western Asset Mortgage: Q4 Earnings Snapshot

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.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up