Washington Real Estate Investment Trust

OverviewSuggest Edit

Washington REIT (Washington Real Estate Investment Trust) is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. Washington REIT owns a diversified portfolio of 56 properties totaling approximately 7 million square feet of commercial space and 3,053 residential units, and land held for development. These 56 properties consist of 25 office properties, 17 retail centers and 14 multifamily properties. Washington REIT shares are publicly traded on the New York Stock Exchange (NYSE: WRE).
TypePublic
Founded1960
HQWashington, US
Websitewrit.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Feb 2019)149
Revenue (FY, 2016)$313.3 M(+3%)
Share Price (Jun 2019)$27.3

Washington Real Estate Investment Trust Office Locations

Washington Real Estate Investment Trust has an office in Washington
Washington, US (HQ)
Washington, DC 20006, USA
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Washington Real Estate Investment Trust Financials and Metrics

Washington Real Estate Investment Trust Revenue

Washington Real Estate Investment Trust's revenue was reported to be $313.26 m in FY, 2016 which is a 2.2% increase from the previous period.
USD

Net income (Q1, 2019)

(4.4m)

Market capitalization (10-Jun-2019)

2.2b

Closing stock price (10-Jun-2019)

27.3

Cash (31-Mar-2019)

12.0m

EV

3.2b
Washington Real Estate Investment Trust's current market capitalization is $2.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

263.0m288.6m306.4m313.3m

Revenue growth, %

10%6%2%

Cost of goods sold

116.2m

General and administrative expense

20.3m19.5m22.6m22.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

General and administrative expense

3.9m4.4m4.8m4.5m6.1m4.3m5.0m5.5m5.0m4.5m5.6m5.8m5.3m5.8m5.6m5.3m7.4m

Operating expense total

48.4m56.6m4.8m4.5m6.1m4.3m5.0m5.5m5.0m4.5m5.6m5.8m5.3m5.8m11.5m5.3m7.4m

Depreciation and amortization

21.2m22.8m24.4m24.4m25.5m29.3m26.0m25.2m30.9m26.1m29.3m27.9m30.0m29.9m30.3m29.5m

Interest expense

15.9m14.5m15.0m15.1m15.3m14.7m14.5m14.4m13.8m13.2m11.4m12.1m12.2m12.8m13.3m12.5m12.6m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Cash

130.3m23.8m11.3m9.8m6.0m

Total Assets

2.0b2.2b2.3b2.4b2.4b

Dividends Payable

20.4m22.4m23.6m

Short-term debt

846.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

7.9m62.1m23.0m8.6m40.0m22.8m21.0m23.6m22.4m8.6m15.2m13.2m11.3m11.5m6.0m4.8m12.0m

Total Assets

2.1b2.1b2.1b2.1b2.1b2.1b2.2b2.2b2.3b2.3b2.3b2.4b2.4b2.5b2.4b2.4b2.4b

Short-term debt

846.6m746.8m747.0m747.1m747.3m597.4m747.5m

Long-term debt

846.6m746.8m747.0m747.1m747.3m597.4m747.5m743.5m743.8m744.1m893.4m893.8m894.1m994.4m994.8m995.1m995.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018

Net Income

37.3m19.6m25.6m

Depreciation and Amortization

112.1m121.2m

Cash From Operating Activities

113.3m(114.5m)8.0m130.6m147.4m

Cash From Investing Activities

189.8m(196.4m)(38.9m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

18.4m104.6m105.6m109.3m29.4m26.5m27.1m2.4m34.2m113.9m6.6m14.5m17.3m3.3m14.0m19.9m(4.4m)

Depreciation and Amortization

21.2m22.8m24.4m24.4m25.3m50.8m80.1m26.0m51.2m82.1m26.1m55.3m83.3m30.0m59.8m90.1m29.5m

Cash From Operating Activities

93.5m22.5m39.1m62.9m54.3m76.2m31.5m60.5m84.9m31.0m65.4m94.3m36.6m70.7m100.9m27.6m

Cash From Investing Activities

(40.5m)27.6m(7.2m)(36.7m)6.1m(155.3m)(16.0m)(139.4m)(39.1m)(15.0m)(166.9m)(184.5m)(40.7m)34.6m8.8m(13.4m)
USDY, 2019

EV/CFO

117.6 x

Financial Leverage

2.3 x
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Washington Real Estate Investment Trust Online and Social Media Presence

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Washington Real Estate Investment Trust News and Updates

Washington Real Estate Investment Trust Announces Second Quarter Financial and Operating Results and Quarterly Dividend

WASHINGTON, July 25, 2019 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of commercial and multifamily properties in the Washington, DC area, reported financial and operating results today for the quarter ended Ju…

Washington Real Estate Investment Trust Confirms 2nd Quarter 2019 Earnings Release Date and Conference Call Information

WASHINGTON, June 14, 2019 (GLOBE NEWSWIRE) -- Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE), a leading owner of commercial and multifamily properties in the Washington, DC area, will announce 2nd Quarter 2019 earnings in a press release to be issued on Thursday, July 25, 20…

Washington Real Estate Investment Trust Announces First Quarter Financial and Operating Results and Quarterly Dividend

WASHINGTON, April 24, 2019 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of commercial and multifamily properties in the Washington, DC area, reported financial and operating results today for the quarter ended M…

Washington Real Estate Investment Trust and Cardiovascular Systems Set to Join S&P SmallCap 600

NEW YORK, March 1, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Washington Real Estate Investment Trust (NYSE: WRE) will replace Investment Technology Group Inc. (NYSE: ITG) prior to the open of trading on Thursday, March 7. Virtu...

Washington Real Estate Investment Trust Announces Fourth Quarter and Year-End Operating Results for 2018

WASHINGTON, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("Washington REIT” or the “Company”) (NYSE: WRE), a leading owner and operator of commercial and multifamily properties in the Washington, DC area, reported financial and operating results today for the quarter a…

Washington Real Estate Investment Trust Announces Income Tax Treatment of Its 2018 Dividend Distribution

WASHINGTON, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Washington REIT (Washington Real Estate Investment Trust - NYSE:WRE) announced the income tax treatment of its 2018 dividend distributions.  This information represents final income allocations.  Shareholders are encouraged to consult with their person…
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Washington Real Estate Investment Trust Blogs

Washington Real Estate Investment Trust Frequently Asked Questions

  • When was Washington Real Estate Investment Trust founded?

    Washington Real Estate Investment Trust was founded in 1960.

  • How many employees does Washington Real Estate Investment Trust have?

    Washington Real Estate Investment Trust has 149 employees.

  • Who are Washington Real Estate Investment Trust competitors?

    Competitors of Washington Real Estate Investment Trust include Pro Agents Realty, Renta Corporacion Real Estate and Josh DeShong Real Estate.

  • Where is Washington Real Estate Investment Trust headquarters?

    Washington Real Estate Investment Trust headquarters is located at Washington, DC 20006, USA, Washington.

  • Where are Washington Real Estate Investment Trust offices?

    Washington Real Estate Investment Trust has an office in Washington.

  • How many offices does Washington Real Estate Investment Trust have?

    Washington Real Estate Investment Trust has 1 office.