Symbol: WMC
CIK: 1465885
Exchange: NYSE
Founded: 1971 (49 years)
HQ: Pasadena, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage
Externally Managed REIT
See WMC on Google Finance
See WMC on Yahoo Finance
See WMC on SEC.gov
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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More
Below are the most recent cash dividends paid by WMC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
Login to see Dividend History |
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See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|
| Current Cash | 86,613,000 | 168,900,000 | 90,736,000 | 77,795,000 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 0 | 0 | 0 | 0 |
| Current Assets (Other) | 0 | 0 | 0 | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Long-term Investments | 2,614,896,000 | 2,834,988,000 | 1,651,886,000 | 1,819,347,000 |
| Property, Plant & Equipment Net | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Other Assets | 5,505,000 | 1,631,000 | 1,269,000 | 2,488,000 |
| Net Tangible Assets | 564,360,000 | 559,626,000 | 516,006,000 | 503,009,000 |
| Total Assets | 5,254,481,000 | 5,533,508,000 | 4,521,555,000 | 4,497,395,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 149,630,000 | 244,130,000 | 128,111,000 | 115,863,000 |
| Current Liabilities (Other) | 16,499,000 | 16,500,000 | 14,950,000 | 14,916,000 |
| Total Current Liabilities | 0 | 0 | 0 | 0 |
| Current Long-term Debt | 0 | 0 | 0 | 0 |
| Long-term Debt | 1,615,383,000 | 1,728,532,000 | 960,837,000 | 1,059,686,000 |
| Total Liabilities | 4,690,121,000 | 4,973,882,000 | 4,005,549,000 | 3,994,386,000 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Common Stock | 53,224,379 | 532,000 | 482,000 | 481,000 |
| Retained Earnings | -321,150,000 | -324,323,000 | -318,391,000 | -331,282,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 884,978,000 | 883,417,000 | 833,915,000 | 833,810,000 |
| Shareholder Equity | 564,360,000 | 559,626,000 | 516,006,000 | 503,009,000 |
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|
| Total Revenue | 28,414,000 | -17,188,000 | 8,703,000 | -21,871,000 |
| Cost of Revenue | 1,800,000 | 1,832,000 | 1,735,000 | 1,950,000 |
| Gross Profit | 26,614,000 | -19,020,000 | 6,968,000 | -23,821,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 0 | 0 | 0 | 0 |
| Operating Expense | 3,788,000 | 3,828,000 | 3,679,000 | 3,972,000 |
| Operating Income | 60,566,000 | 52,345,000 | 65,520,000 | 26,148,000 |
| Income Expense Net (Other) | -40,901,000 | -41,253,000 | -37,632,000 | -43,649,000 |
| EBIT | 60,566,000 | 52,345,000 | 65,520,000 | 26,148,000 |
| Interest Income | 39,082,000 | 37,958,000 | 36,400,000 | 40,892,000 |
| Pretax Income | 19,665,000 | 11,092,000 | 27,888,000 | -17,501,000 |
| Income Tax | -55,000 | 478,000 | 12,000 | 154,000 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Net Income | 19,624,000 | 10,614,000 | 27,806,000 | -17,681,000 |
| Net Income Basic | 19,624,000 | 10,614,000 | 27,806,000 | -17,681,000 |
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|
| Net Income | 19,624,000 | 10,614,000 | 27,806,000 | -17,681,000 |
| Depreciation | 0 | 0 | 0 | 0 |
| Changes in Receivables | 0 | 0 | 0 | 0 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | -82,287,000 | 78,164,000 | 12,941,000 | -35,160,000 |
| Cash Flow | -36,076,000 | -47,979,000 | -26,293,000 | -34,345,000 |
| Capital Expenditures | 0 | 0 | 0 | 0 |
| Investments | 242,658,000 | -1,025,374,000 | 208,882,000 | 1,050,687,000 |
| Investing Activity (Other) | -1,877,000 | -9,336,000 | -5,207,000 | -3,252,000 |
| Total Investing Cash Flows | 258,848,000 | -759,535,000 | 35,348,000 | 809,038,000 |
| Dividends Paid | -16,500,000 | -14,950,000 | -14,915,000 | -14,917,000 |
| Net Borrowings | -186,942,000 | 852,073,000 | -1,572,000 | -809,079,000 |
| Cash Flow Financing | -305,059,000 | 885,678,000 | 3,886,000 | -809,853,000 |
| Financing Cash Flows (Other) | -101,532,000 | -864,000 | 20,547,000 | 14,273,000 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
Western Asset Mortgage Capital Corporation is a real estate investment trust that invests in, acquires and manages a diverse portfolio of assets consisting of Agency RMBS, Agency CMBS, Non-Agency RMBS, Non-Agency CMBS, ABS, Residential and Commercial Whole-Loans and other financial assets. The Company's investment strategy may change, subject to the Company's stated investment guidelines, and is based on its manager Western Asset Management Company's perspective of which mix of portfolio assets it believes provide the Company with the best risk-reward opportunities at any given time. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Legg Mason, Inc.
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 0 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 5.4 |
| 7 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.6 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| Rating | Leverage Section | Avg. Rating |
| 1 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 5.0 |
| 0 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 5.9 |
| 9 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.8 |
| 5 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.4 |
| 0 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.1 |
| 6 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.9 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 1 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 6.8 |
| 5 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.3 |
| Rating | Properties Section | Avg. Rating |
| 2.6 | Overall REITRating™ Score | 6.5 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| New York Mortgage Trust, Inc. (NYMT) | 4.2 | NASDAQ | Small-Cap | Mortgage | United States |
| Dynex Capital, Inc. (DX) | 5.4 | NYSE | Small-Cap | Mortgage | United States |
| Anworth Mortgage Asset Corporation (ANH) | 3.8 | NYSE | Small-Cap | Mortgage | United States |
| Invesco Mortgage Capital, Inc. (IVR) | 3.9 | NYSE | Small-Cap | Mortgage | United States |
| Orchid Island Capital, Inc. (ORC) | 3.4 | NYSE | Small-Cap | Mortgage | United States |
| Two Harbors Investment Corp. (TWO) | 5.4 | NYSE | Mid-Cap | Mortgage | United States |
