Last $26.17 USD
Change Today -0.24 / -0.91%
Volume 214.7K
WRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

washington reit (WRE) Snapshot

Open
$26.38
Previous Close
$26.41
Day High
$26.60
Day Low
$26.12
52 Week High
09/9/14 - $28.44
52 Week Low
01/29/14 - $22.30
Market Cap
1.7B
Average Volume 10 Days
432.5K
EPS TTM
$-0.01
Shares Outstanding
66.6M
EX-Date
09/11/14
P/E TM
--
Dividend
$1.20
Dividend Yield
4.58%
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
Senior Vice President and Managing Director o...
Total Annual Compensation: $288.0K
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 Resigns of William T. Camp as Executive Vice President & Chief Financial Officer

On August 28, 2014, William T. Camp resigned as Executive Vice President & Chief Financial Officer of Washington Real Estate Investment Trust (Washington REIT), such resignation to take effect after a transition period. The transition period is expected to last through 2014 end reporting in February 2015.

Washington Real Estate Mulls Acquisitions

Washington Real Estate Investment Trust (NYSE:WRE) is seeking acquisitions. Paul Mcdermott, President and Chief Executive Officer of Washington Real Estate Investment Trust said, "We have created a new role within the Company specifically focused on market research in the Washington DC region. Our new Director of Research, Grant Montgomery, who joins us from Delta Associates, will provide in-depth analysis across all our asset types and assist in formulating our strategic decisions regarding the future of acquisitions, dispositions, and development."

Washington Real Estate Investment Trust Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reiterates 2014 Core FFO Guidance

Washington Real Estate Investment Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $56,690,000 against $48,799,000 a year ago. Real estate operating income was $16,134,000 against $17,116,000 a year ago. Income from continuing operations was $1,368,000 or $0.02 per basic and diluted share against $1,538,000 or $0.02 per basic and diluted share a year ago. Net income attributable to the controlling interests was $1,375,000 or $0.02 per basic and diluted share against $1,538,000 or $0.08 per basic and diluted share a year ago. Funds from continuing operations were $25,206,000 or $0.38 per basic and diluted share against $22,575,000 or $0.37 per basic and diluted share a year ago. Funds from operations were $25,206,000 or $0.38 per basic and diluted share against $30,845,000 or $0.46 per basic and diluted share a year ago. Core funds from operations were $27,715,000 or $0.41 per basic and diluted share against $31,198,000 or $0.47 per basic and diluted share a year ago. For the six months, the company reported revenue of $113,259,000 against $96,551,000 a year ago. Real estate operating income was $28,176,000 against $33,924,000 a year ago. Loss from continuing operations was $897,000 or $0.01 per basic and diluted share against income from continuing operations of $2,395,000 or $0.04 per basic and diluted share a year ago. Net loss attributable to the controlling interests was $890,000 or $1.58 per basic and diluted share against net income attributable to the controlling interests of $2,395,000 or $0.19 per basic and diluted share a year ago. Funds from continuing operations were $45,694,000 or $0.68 per basic and diluted share against $44,555,000 or $0.67 per basic and diluted share a year ago. Funds from operations were $46,240,000 or $0.69 per basic and diluted share against $60,509,000 or $0.91 per basic and diluted share a year ago. Core funds from operations were $51,842,000 or $0.77 per basic and diluted share against $60,892,000 or $0.91 per basic and diluted share a year ago. The company reiterates 2014 Core FFO guidance of $1.56-$1.64 per fully diluted share.

 

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WRE

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Valuation WRE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.4x
Price/Book 2.1x
Price/Cash Flow 8.0x
TEV/Sales 2.1x
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