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Last €23.89 EUR
Change Today +0.76 / 3.30%
Volume 0.0
As of 1:55 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

washington reit (WRI) Snapshot

Open
€23.35
Previous Close
€23.12
Day High
€23.94
Day Low
€23.20
52 Week High
01/27/15 - €26.62
52 Week Low
07/8/14 - €18.71
Market Cap
1.6B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
68.2M
EX-Date
06/11/15
P/E TM
--
Dividend
€1.17
Dividend Yield
4.28%
Current Stock Chart for WASHINGTON REIT (WRI)

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washington reit (WRI) 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 (WRI) 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 (WRI) Key Developments

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.

Washington Real Estate Investment Trust Enters Credit Agreement

Washington Real Estate Investment Trust (Washington REIT) entered into a Credit Agreement (the Credit Agreement), dated as of June 23, 2015 with Wells Fargo Bank, National Association, as administrative agent (the Agent), and the financial institutions party thereto as lenders (the Lenders) and agents, which provides for aggregate revolving loan commitments of $600 million. The Credit Agreement will replace the borrowing capacity under that certain Amended and Restated Credit Agreement (the Prior Wells Credit Agreement), dated as of May 17, 2012, among Washington REIT, Wells Fargo Bank, National Association, as administrative agent, and the financial institutions party thereto as lenders and agents, which provided for aggregate revolving loan commitments of $400 million. The Credit Agreement will also replace the borrowing capacity under that certain Amended and Restated Credit Agreement (the Prior SunTrust Credit Agreement), dated as of June 25, 2012, among Washington REIT, SunTrust Bank, as administrative agent, and the financial institutions party thereto as lenders and agents, which provided for aggregate revolving loan commitments of $100 million. The Credit Agreement includes the option to increase the revolving loan commitments or add term loans under the Credit Agreement to up to $1 billion in the aggregate to the extent the lenders (from the syndicate or otherwise) agree to provide additional revolving loan commitments or term loans. The Credit Agreement will mature on June 22, 2019, unless extended pursuant to one or both of the two six-month extension options provided therein. The exercise of each extension option requires the payment of a fee of 0.075% on the extended revolving loan commitments and is subject to certain other customary conditions. The Credit Agreement also provides Washington REIT with an ability to obtain letters of credit of up to $60 million in the aggregate. As of June 23, 2015, revolving loans to Washington REIT in an aggregate principal amount of approximately $185 million were outstanding under the Credit Agreement. No subsidiaries of Washington REIT are currently required to guarantee Washington REIT's obligations under the Credit Agreement. Subsidiaries of Washington REIT may in the future be required to guarantee Washington REIT's obligations under the Credit Agreement if any such subsidiary (a) guarantees the indebtedness of Washington REIT or another subsidiary of Washington REIT (excluding, among other things, guarantees of certain indebtedness in an aggregate principal amount not in excess of $200 million) or (b) owns a property included in the determination of Washington REIT's unencumbered pool value and incurs any recourse indebtedness. Revolving loan borrowings under the Credit Agreement will bear interest, at Washington REIT's option, at a rate of either LIBOR plus a margin ranging from 0.875% to 1.55% (depending on Washington REIT's credit rating) or the base rate plus a margin ranging from 0.0% to 0.55% (based upon Washington REIT's credit rating). The base rate is the Agent's prime rate, the federal funds rate plus 0.50% and the LIBOR market index rate plus 1.0%. In addition, the Credit Agreement requires the payment of a facility fee equal to 0.125% to 0.30% (depending on Washington REIT's credit rating) on the $600 million committed capacity, without regard to usage. The Credit Agreement contains representations, financial and other affirmative and negative covenants that are similar to the Prior Wells Credit Agreement and generally customary for credit facilities of this type. The Credit Agreement requires that Washington REIT comply with various covenants, including covenants restricting liens on properties included in the determination of Washington REIT's unencumbered pool value, investments, mergers, affiliate transactions, asset sales and the payment of dividends following an event of default.

Washington Real Estate Investment Trust Seeks Acquisitions

Washington Real Estate Investment Trust (NYSE:WRE) plans to use net proceeds from sale of securities to acquire another REIT or other company that invests in income producing properties, although it does not have a specific plan to do so.

 

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Valuation WRI Industry Range
Price/Earnings 47.3x
Price/Sales 6.0x
Price/Book 2.1x
Price/Cash Flow 13.0x
TEV/Sales 1.8x
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