Washington Real Estate Investment Trust (WRE)

WashREIT owns and operates uniquely positioned real estate assets in the D.C. Metro region. Its portfolio of 43 properties includes approximately 3.4 million square feet of commercial space and 6,863 multifamily apartment units across the region. The company currently has an enterprise value of approximately $3.0 billion. With a track record of driving returns and delivering satisfaction, WashREIT is a trusted authority in one of the nation’s most competitive real estate markets.

Company profile

Ticker

WRE

Exchange

NYSE

Website

www.writ.com

CEO

Paul McDermott

Incorporated

Maryland

Location

District of Columbia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

SEC CIK

0000104894

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

650 N. Glebe, LLC • Real Estate Management, Inc. • Trade Rock Manager, Inc. • Washington Metro, Inc. • Washington Parking, Inc. • WashREIT 1220 19th St Grantor Trust Ownership LLC • WashREIT 1220 19th St Trustee LLC • WashREIT 1776 G St Grantor Trust Ownership LLC • WashREIT 1776 G St Trustee LLC • WashREIT 1901 Pennsylvania Ave Grantor Trust Ownership LLC ...

IRS number

530261100

WRE stock data

1M 1Y 5Y

News

From Benzinga Pro

Washington REIT Q2 EPS $0.21 Down From $0.35 YoY, Sales $51.38M Beat $51.12M Estimate

28 Jul 22

Washington REIT (NYSE:WRE) reported quarterly earnings of $0.21 per share. This is a 40 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $51.38

Earnings Scheduled For July 28, 2022

28 Jul 22

Companies Reporting Before The Bell • ArcelorMittal (NYSE:MT) is estimated to report earnings for its second quarter.

Stocks That Hit 52-Week Lows On Thursday

14 Jul 22

On Thursday, 550 companies achieved new lows for the year.

Stocks That Hit 52-Week Lows On Monday

11 Jul 22

Wells Fargo Maintains Equal-Weight on Washington REIT, Lowers Price Target to $21

1 Jul 22

Press releases

From Benzinga Pro

WashREIT Announces Second Quarter 2022 Results

28 Jul 22

WASHINGTON, July 28, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast,

WashREIT to Release Second Quarter 2022 Results on Thursday, July 28th

23 Jun 22

WASHINGTON, June 23, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release second quarter earnings results after market close on Thursday, July 28, 2022. The conference call will be held on Friday, July 29,

WashREIT Welcomes New Board Member, Jennifer Banner

26 May 22

WASHINGTON, May 26, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) announced today the election of Jennifer S. Banner as an independent director to the Board of Trustees. Her election expands the company's Board to eight

Analyst ratings and price targets

Last 3 months

Average target

$22.50

Low target

$21.00

High target

$24.00

Calendar

29 Jul 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart WRE financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	46.77M	46.77M	46.77M	46.77M	46.77M	46.77M
Cash burn (monthly)	31.19M	(no burn)	906K	749.33K	(no burn)	(no burn)
Cash used (since last report)	52.43M	n/a	1.52M	1.26M	n/a	n/a
Cash remaining	-5.66M	n/a	45.25M	45.51M	n/a	n/a
Runway (months of cash)	-0.2	n/a	49.9	60.7	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

WRE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Jun 22	Butcher Benjamin S	Common Stock	Grant	Acquire A	No	No	0	645.237	0	48,200.965
30 Jun 22	Jennifer S Banner	Common Stock	Grant	Acquire A	No	No	0	215.079	0	215.079
1 Jun 22	Paul T. McDermott	Common Stock	Payment of exercise	Dispose F	No	No	24	48,300	1.16M	378,725
13 May 22	Winns Anthony L.	Common Stock	Grant	Acquire A	No	No	0	2,189	0	43,607.767

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

WRE institutional ownership history Ownership history

29.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	205	208	-1.4%
Opened positions	29	21	+38.1%
Closed positions	32	45	-28.9%
Increased positions	62	66	-6.1%
Reduced positions	67	70	-4.3%

13F shares	Current	Prev Q	Change
Total value	1.66B	2.03B	-18.3%
Total shares	77.68M	77.52M	+0.2%
Total puts	40.7K	41.9K	-2.9%
Total calls	0	0
Total put/call ratio	Infinity	Infinity	NaN%

Largest owners	Shares	Value	Change
BLK Blackrock	16.14M	$343.84M	+3.0%
Vanguard	14.03M	$299.05M	+0.4%
FMR	10.62M	$226.34M	+9.5%
STT State Street	5.37M	$115.4M	+2.2%
TROW T. Rowe Price	4.64M	$98.85M	+0.2%
Thornburg Investment Management	2.27M	$48.41M	-23.4%
Allspring Global Investments	1.79M	$38.24M	-3.0%
Geode Capital Management	1.71M	$36.4M	+3.2%
NTRS Northern Trust	1.52M	$32.5M	-5.1%
Nuveen Asset Management	1.5M	$32.06M	+3.6%

Largest transactions	Shares	Bought/sold	Change
Schroder Investment Management	902.81K	-959.45K	-51.5%
FMR	10.62M	+922.15K	+9.5%
Highland Capital Management Fund Advisors	1.24M	+852.24K	+218.0%
Balyasny Asset Management	747.12K	+747.12K	NEW
LGEN Legal & General	0	-713.91K	EXIT
Thornburg Investment Management	2.27M	-692.24K	-23.4%
BLK Blackrock	16.14M	+464.5K	+3.0%
Ranger Global Real Estate Advisors	670.47K	-411.02K	-38.0%
Great Lakes Advisors	187.52K	+187.52K	NEW
Parametric Portfolio Associates	0	-187.13K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

(3)Non-residential: Includes revenues and expenses from retail operations at residential properties.
2021 Retail - Takoma Park, Westminster, Concord Centre, Chevy Chase Metro Plaza, 800 S. Washington Street, Randolph Shopping Center, Montrose Shopping Center and Spring Valley Village
recovery of operating expenses from our residents, (c) credit losses on lease related receivables, (d) revenue from leases of retail space at our apartment communities and (e) parking and other tenant charges.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: aforementioned, Alder, annum, assumed, assumption, ceased, ceasing, Crossing, employee, geopolitical, Germantown, Herndon, inflation, macroeconomic, Marietta, overhead, pause, paused, rebranding, recession, simplified, slowdown, Smyrna, software, unpaid

Removed: April, incurred, Leesburg, March

From filing 10-Q 2022 Q2

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