Michael L. Falcone, CEO and President of Municipal Mortgage & Equity LLC, bought 10,530 shares of Municipal Mortgage & Equity LLC (MMAB) at $1.89 per share for a total amount of $19,900 on June 30, 2014.
Municipal Mortgage & Equity LLC is located in Baltimore, Maryland.
Thursday, May 15, 2014, Municipal Mortgage & Equity LLC announced its latest quarterly results. The Company reported common shareholders’ equity of $80.7 million at March 31, 2014 ($2.02 per common share), representing an increase of $15.4 million from common shareholders’ equity of $65.3 million at December 31, 2013 ($1.61 per common share). The increase in common shareholders’ equity included $16.4 million of comprehensive income allocable to common shareholders, partially offset by a $0.9 million direct reduction to common equity as a result of the Company’s share buyback program under which 0.7 million common shares were purchased at an average price of $1.28 during the first quarter 2014.
According to Capital IQ, Municipal Mortgage & Equity LLC has a market cap of $71.83 million, an enterprise value of $411.23 million, and Enterprise value to trailing 12 month revenues of 0.76.
Municipal Mortgage and Equity, LLC, a real estate asset management company, creates and manages debt and equity investments collateralized primarily by multifamily housing. It primarily owns and manages tax-exempt bonds collateralized by affordable multifamily rental properties in the United States. The company also manages tax credit equity funds for third party investors, which invest in similar affordable multifamily rental properties. In addition, it raises, invests in, and manages private real estate funds, which invest in affordable for-sale and rental housing primarily in South Africa. The company was founded in 1995 and is headquartered in Baltimore, Maryland.
Michael L. Falcone’s most recent annual compensation from Municipal Mortgage & Equity LLC is a salary of $680,000, $23,121 in other compensation, and a total compensation of $803,121. Mr. Falcone is 51 years old.
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