Last $27.72 USD
Change Today +0.03 / 0.11%
Volume 762.2K
WRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

washington reit (WRE) Snapshot

Open
$27.54
Previous Close
$27.69
Day High
$27.90
Day Low
$27.54
52 Week High
09/9/14 - $28.44
52 Week Low
01/29/14 - $22.30
Market Cap
1.8B
Average Volume 10 Days
389.3K
EPS TTM
$0.0066
Shares Outstanding
66.7M
EX-Date
12/11/14
P/E TM
4,217.3x
Dividend
$1.20
Dividend Yield
4.33%
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.

263 Employees
Last Reported Date: 03/3/14
Founded in 1960

washington reit (WRE) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $126.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
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 Announces Resignation of William T. Camp as Chief Financial Officer, Effective March 2, 2015

In connection with the previously announced resignation of William T. Camp, Washington REIT and Mr. Camp entered into a Separation Agreement and General Release dated December 17, 2014. Mr. Camp's employment with Washington REIT will cease on March 2, 2015, with his resignation as Chief Financial Officer effective as of such date or such earlier date determined by Washington REITs Chief Executive Officer.

Washington Real Estate Investment Trust Seeks Acquisitions

Washington Real Estate Investment Trust (NYSE:WRE) is seeking acquisitions. Washington Real Estate Investment Trust said, "Going forward, we will build on this momentum and drive shareholder value by continuing to improve our internal operations, aggressively filling vacancies, increasing tenant retention and selectively acquiring and additional high-quality assets in the DC and Greater Washington region."

Washington Real Estate Investment Trust Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Narrows Earnings Guidance for 2014

Washington Real Estate Investment Trust reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, real estate rental revenue was $73.413 million against $65.828 million a year ago. Real estate operating income was $18.553 million against $17.419 million a year ago. Income from continuing operations was $3.658 million or $0.05 per basic and diluted share against $1.709 million or $0.03 per basic and diluted share a year ago. Net income was $3.658 million or $0.05 per basic and diluted share against $5.840 million or $0.09 per basic and diluted share a year ago. Funds from continuing operations was $28.022 million or $0.42 per basic and diluted share against $22.877 million or $0.45 per basic and diluted share a year ago. Funds from operations was $28.022 million or $0.42 per diluted share against $30.223 million or $0.45 per diluted share a year ago. Core funds from operations was $28.485 million or $0.43 per basic and diluted share against $30.621 million or $0.46 per basic and diluted share a year ago. For the nine months, real estate rental revenue was $214.278 million against $196.303 million a year ago. Real estate operating income was $46.729 million against $51.343 million a year ago. Income from continuing operations was $2.761 million or $0.04 per basic and diluted share against $4.104 million or $0.06 per basic and diluted share a year ago. Net income was $109.292 million or $1.63 per basic and diluted share against $18.438 million or $0.27 per basic and diluted share a year ago. Funds from continuing operations was $73.716 million or $1.11 per basic and diluted share against $67.432 million or $1.01 per basic and diluted share a year ago. Funds from operations was $74.262 million or $1.11 per diluted share against $90.732 million or $1.36 per diluted share a year ago. Core funds from operations was $80.327 million or $1.20 per basic and diluted share against $91.513 million or $1.37 per basic and diluted share a year ago. Management is narrowing its 2014 core FFO guidance from $1.56 to $1.64 to $1.60 to $1.63. The improvement in range reflects stronger than expected same-store NOI growth in the office and retail divisions.

 

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Valuation WRE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.6x
Price/Book 2.3x
Price/Cash Flow 8.3x
TEV/Sales 2.4x
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