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Last $26.84 USD
Change Today +0.31 / 1.17%
Volume 294.2K
WRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

washington reit (WRE) Snapshot

Open
$26.70
Previous Close
$26.53
Day High
$26.97
Day Low
$26.55
52 Week High
01/27/15 - $30.15
52 Week Low
05/6/15 - $24.28
Market Cap
1.8B
Average Volume 10 Days
465.2K
EPS TTM
$0.56
Shares Outstanding
68.2M
EX-Date
09/11/15
P/E TM
48.1x
Dividend
$1.20
Dividend Yield
4.47%
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.

181 Employees
Last Reported Date: 03/2/15
Founded in 1960

washington reit (WRE) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $500.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $244.1K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $288.0K
Executive Vice President of Accounting & Admi...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

washington reit (WRE) Key Developments

Washington Real Estate Investment Trust Announces Quarterly Dividend Payable on September 30, 2015

Washington Real Estate Investment Trust announced that its Board of Trustees has declared a quarterly dividend of $0.30 per share to be paid on September 30, 2015 to shareholders of record on September 15, 2015.

Washington Real Estate Investment Trust Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015; Announces Impairment Charges for the Second Quarter Ended June 30, 2015

Washington Real Estate Investment Trust reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported real estate rental revenue of $74,226,000 against $72,254,000 a year ago. Real estate operating income was $11,741,000 against $16,134,000 a year ago. Loss from continuing operations was $2,886,000 against income from continuing operations of $1,368,000 a year ago. Net loss was $2,886,000 against net income of $1,080,000 a year ago. Funds from continuing operations were $22,617,000 against $25,199,000 a year ago. NAREIT funds from operations were $22,617,000 against $25,199,000 a year ago. Net loss per basic and diluted share was $0.04 against net income per basic and diluted share of $0.02 a year ago. Net loss from continuing operations per basic and diluted share was $0.04 against net income from continuing operations per basic and diluted share of $0.02 a year ago. Funds from continuing operations per basic and diluted share were $0.33 against $0.38 a year ago. NAREIT funds from operations per basic and diluted share were $0.33 against $0.38 a year ago. Core funds from operations were $28,481,000 against $27,708,000 a year ago. Core FFO per basic and diluted share was $0.42 against $0.41 a year ago. The decline in FFO is primarily driven by the recognition of a real estate impairment loss of $5.9 million, or $0.09 per diluted share, on an undeveloped parcel of land in the quarter ended June 30, 2015. Operational performance in the second quarter has strongly rebounded from the first quarter unimpeded by the adverse weather-related expenses experienced last quarter and boosted by a slight increase in office and multifamily occupancy. For the six months, the company reported real estate rental revenue of $149,082,000 against $140,865,000 a year ago. Real estate operating income was $56,295,000 against $28,176,000 a year ago. Income from continuing operations was $26,512,000 against loss of $897,000 a year ago. Net income was $26,512,000 against $105,634,000 a year ago. Funds from continuing operations were $47,013,000 against $45,687,000 a year ago. NAREIT funds from operations were $47,013,000 against $46,233,000 a year ago. Net income per basic and diluted share was $0.39 against $1.58 a year ago. Net income from continuing operations per basic and diluted share was $0.39 against net loss from continuing operations per basic and diluted share of $0.01 a year ago. Funds from continuing operations per basic and diluted share were $0.69 against $0.68 a year ago. NAREIT funds from operations per basic and diluted share were $0.69 against $0.68 a year ago. Core funds from operations were $54,176,000 against $51,835,000 a year ago. Core FFO per basic and diluted share was $0.79 against $0.77 a year ago. The company reported real estate impairment of $5,909,000 for the second quarter ended June 30, 2015. The company tightened 2015 Core FFO guidance to $1.68 to $1.72 from $1.66 to $1.74 per fully diluted share. The following assumptions are incorporated into the tightened guidance range: same-store NOI growth remains projected to range from negative 0.5% to 2%, with same-store occupancy improving modestly; same-store office NOI growth remains projected to range from 0% to 2%, excluding the redevelopment project at Silverline Center; same-store retail NOI growth is projected to range from negative 1% to 1% primarily due to adverse weather-related expenses at the beginning of the year, and the postponement of a few rent commencement dates to 2016 and Interest expense is projected to be approximately $60 to $60.5 million.

Washington Real Estate Investment Trust Acquires Multifamily Community on Columbia Pike in Arlington, VA

Washington Real Estate Investment Trust announced that it has acquired The Wellington, an apartment community in Arlington, VA consisting of 711 units and on-site density to develop approximately 360 additional units, for $167 million. The currently 97% occupied Wellington is ideally located on the eastern end of Columbia Pike, which features walkable restaurant and retail amenities, is proximate to Interstate-395, Route 50, the GW Parkway and Washington Blvd.

 

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Valuation WRE Industry Range
Price/Earnings 55.4x
Price/Sales 6.2x
Price/Book 2.3x
Price/Cash Flow 13.8x
TEV/Sales 2.0x
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