Last $28.46 USD
Change Today +0.12 / 0.42%
Volume 156.1K
WRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:03 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

washington reit (WRE) Snapshot

Open
$28.41
Previous Close
$28.34
Day High
$29.00
Day Low
$28.36
52 Week High
01/27/15 - $30.15
52 Week Low
03/20/14 - $23.05
Market Cap
1.9B
Average Volume 10 Days
382.6K
EPS TTM
$0.06
Shares Outstanding
66.7M
EX-Date
03/12/15
P/E TM
474.5x
Dividend
$1.20
Dividend Yield
4.21%
Current Stock Chart for WASHINGTON REIT (WRE)

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washington reit (WRE) Details

Washington Real Estate Investment Trust is an equity real estate investment trust (REIT). The company engages in the ownership, operation, and development of real properties. The firm invests in real estate markets of the greater Washington D.C. metro region. It focuses on office, medical office, industrial/flex space, retail, and multifamily real estate investments. Washington Real Estate Investment Trust was founded in 1960 and is based in Rockville, Maryland.

Founded in 1960

washington reit (WRE) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $126.9K
Executive Vice President of Accounting & Admi...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

washington reit (WRE) Key Developments

Washington Real Estate Investment Trust Declares Quarterly Dividend, Payable on March 31, 2015

Washington REIT announced its Board of Trustees has declared a quarterly dividend of $0.30 per share to be paid on March 31, 2015 to shareholders of record on March 16, 2015.

Washington Real Estate Seeks Acquisitions

Bill Camp, Executive Vice President and Chief Financial Officer of Washington Real Estate Investment Trust said, "We have modeled approximately $350 million to $450 million in acquisitions, with funding coming from dispositions, debt, and equity, with a focus on maintaining a capital structure approximating 40% debt and 60% equity. We expect the timing of these acquisitions to be towards the second half of the year. Dispositions are expected to fund approximately 25% to 30% of the acquisition buys."

Washington Real Estate Investment Trust Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Washington Real Estate Investment Trust announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced revenue of $57,058,000 compared to $52,873,000 for the same period a year ago. Net income was $2,309,000 compared to $18,908,000 for the same period a year ago. Net income attributable to the controlling interests was $2,309,000 or $0.03 per basic and diluted share compared to $18,908,000 or $0.28 per basic and diluted share for the same period a year ago. Income from continuing operations was $2,309,000 or $0.03 per basic and diluted share compared to loss from continuing operations of $4,297,000 or $0.06 per basic and diluted share for the same period a year ago. Funds from continuing operations were $26,812,000 or $0.40 per basic and diluted share compared to $18,115,000 or $0.27 per basic and diluted share for the same period a year ago. Funds from operations were $26,812,000 or $0.40 per basic and diluted share compared to $22,371,000 or $0.34 per basic and diluted share for the same period a year ago. Funds available for distribution were $12,485,000 compared to $10,449,000 for the same period a year ago. Same store operating income was $44,522,000 compared to $41,238,000 for the same period a year ago. Total net operating income was $48,448,000 compared to $42,895,000 for the same period a year ago. Core funds from operations were $28,821,000 or $0.43 per basic and diluted share compared to $28,174,000 or $0.42 per basic and diluted share for the same period a year ago. For the year, the company announced revenue of $268,637,000 compared to $263,024,000 for the same period a year ago. Net income was $111,601,000 compared to $37,346,000 for the same period a year ago. Net income attributable to the controlling interests was $111,639,000 or $1.67 per basic and diluted share compared to $37,346,000 or $0.55 per basic and diluted share for the same period a year ago. Income from continuing operations was $5,070,000 or $0.08 per basic and diluted share compared to loss from continuing operations of $193,000 for the same period a year ago. Funds from continuing operations were $100,511,000 or $1.50 per basic and diluted share compared to $85,547,000 or $1.28 per basic and diluted share for the same period a year ago. Funds from operations were $101,057,000 or $1.51 per basic and diluted share compared to $113,103,000 or $1.69 per basic and diluted share for the same period a year ago. Funds available for distribution were $62,358,000 compared to $79,722,000 for the same period a year ago. Same store operating income was $169,715,000 compared to $161,154,000 for the same period a year ago. Total net operating income was $184,942,000 compared to $169,731,000 for the same period a year ago. Core funds from operations were $109,131,000 or $1.63 per basic and diluted share compared to $119,687,000 or $1.79 per basic and diluted share for the same period a year ago. For the year 2015, the company expects core FFO per fully diluted share is projected to be $1.66 to $1.74. Same-store NOI growth is projected to range from 0% to 2%, with same-store occupancy improving modestly. Same-store office NOI growth is projected to range from 0% to 2% excluding the redevelopment project at Silverline Center. Silverline Center is expected to contribute NOI of $0.06 to $0.08 per share. Same-store multifamily NOI growth is projected to range from 0% to 1%. The Maxwell development is expected to contribute NOI of $0.02 to $0.03 per share. Same-store retail NOI growth is projected to range from 1% to 3%. General and administrative expense is projected to range from $19 to $20 million excluding acquisition costs, severance and relocation expense. Interest expense is projected to be approximately $61 to $62 million.

 

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WRE

Industry Average

Valuation WRE Industry Range
Price/Earnings 100.0x
Price/Sales 6.6x
Price/Book 2.3x
Price/Cash Flow 9.1x
TEV/Sales 2.3x
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