WRE Washington Real Estate Investment Trust
Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office, Multifamily, and Retail. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region. The Retail segment prototypes are typically grocery store anchored neighborhood centers that include other small shop tenants or regional power centers with several junior box tenants. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.
Company profile
Ticker
WRE
Exchange
Website
CEO
Paul T. McDermott
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
530261100
WRE stock data
()
Calendar
29 Oct 19
7 Dec 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | 80.26M | 76.82M | 83.17M | 82.9M | |
| Net income | 332.77M | 987K | -4.41M | 5.69M | |
| Diluted EPS | 4.14 | 0.01 | -0.06 | 0.07 | |
| Net profit margin | 415% | 1.28% | -5.30% | 6.86% | |
| Operating income | 5.77M | 9.06M | 8.24M | 37.16M | |
| Net change in cash | 7.18M | -6.27M | 6.01M | 1.21M | |
| Cash on hand | 12.93M | 5.76M | 12.03M | 6.02M | |
| Cost of revenue | 30.69M | 28.13M | 29.21M | 36.29M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 336.89M | 325.08M | 313.26M | ||
| Net income | 25.63M | 19.67M | 119.34M | 89.74M | |
| Diluted EPS | 0.32 | 0.25 | 1.65 | 1.31 | |
| Net profit margin | 7.61% | 6.05% | 38.10% | ||
| Operating income | 77.95M | 66.56M | 171.5M | 148.28M | |
| Net change in cash | -3.83M | -1.46M | -12.52M | 8M | |
| Cash on hand | 6.02M | 9.85M | 11.31M | 23.83M | |
| Cost of revenue | 116.23M | 115.65M | 115.01M |
Financial data from company earnings reports
Financial report summary
?Management Discussion
- Real estate rental revenue is comprised of (a) minimum base rent, which includes rental revenues recognized on a straight-line basis, (b) revenue from the recovery of operating expenses from our tenants, (c) credit losses on lease related receivables, (d) revenue from the collection of lease termination fees and (e) parking and other tenant charges such as percentage rents.
- Real estate rental revenue from acquisitions increased due to the acquisitions of Assembly Portfolio ($9.8 million) during the second quarter of 2019 and Cascade at Landmark ($1.2 million) during 2019 Quarter, partially offset by lower real estate rental revenue from Arlington Tower ($0.2 million).
- Real estate rental revenue from held for sale and sold properties classified as continuing operations decreased due to the sale of Quantico Corporate Center ($1.4 million) during the second quarter of 2019.
Content analysis
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New words:
Accommodator, Bethesda, document, Exhibit, garage, Hill, Inline, instance, Interactive, NaN, professional, referenced, simplified, subsidiary, ultimately, vacancy, volume, World
Removed:
anticipate, Ashby, dated, law, McLean, RBC, TCJA, typically
Financial reports
10-Q
2019 Q3
Quarterly report
29 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K
2018 FY
Annual report
19 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18
10-Q
2018 Q2
Quarterly report
30 Jul 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K
2017 FY
Annual report
20 Feb 18
10-Q
2017 Q3
Quarterly report
31 Oct 17
10-Q
2017 Q2
Quarterly report
31 Jul 17
Current reports
8-K
Results of Operations and Financial Condition
25 Oct 19
8-K
Completion of Acquisition or Disposition of Assets
26 Jul 19
8-K
Results of Operations and Financial Condition
25 Jul 19
8-K/A
Financial Statements and Exhibits
11 Jul 19
8-K
Washreit Completes Acquisition of Maryland Tranche of Value-add Multifamily Portfolio
27 Jun 19
8-K
Washreit Enters Contracts to Sell Eight Retail Assets, Acquire an Additional Multifamily Asset and Provides Updated 2019 Earnings Guidance
26 Jun 19
8-K
1 DE-RISKING FOR BETTER GROWTH Investor Presentation – NAREIT June 2019
31 May 19
8-K
Washreit Completes Purchase of Northern Virginia
1 May 19
8-K
Results of Operations and Financial Condition
24 Apr 19
8-K
Entry into a Material Definitive Agreement
3 Apr 19
Registration and prospectus
424B3
Prospectus supplement
4 May 18
424B5
Prospectus supplement for primary offering
4 May 18
S-3ASR
Automatic shelf registration
4 Apr 18
S-3ASR
Automatic shelf registration
8 Mar 18
S-8
Registration of securities for employees
17 May 16
424B5
Prospectus supplement for primary offering
29 Apr 16
424B5
Prospectus supplement for primary offering
28 Apr 16
424B5
Prospectus supplement for primary offering
23 Jun 15
S-3ASR
Automatic shelf registration
1 Jun 15
S-3ASR
Automatic shelf registration
1 Jun 15
Proxies
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEF 14A
Definitive proxy
28 Mar 19
DEF 14A
Definitive proxy
29 Mar 18
DEFA14A
Additional proxy soliciting materials
29 Mar 18
DEF 14A
Definitive proxy
10 Apr 17
DEFA14A
Additional proxy soliciting materials
10 Apr 17
PRE 14A
Preliminary proxy
27 Mar 17
DEF 14A
Definitive proxy
23 Mar 16
DEFA14A
Additional proxy soliciting materials
23 Mar 16
DEF 14A
Definitive proxy
25 Mar 15
Other
UPLOAD
Letter from SEC
6 Aug 15
CORRESP
Correspondence with SEC
5 Aug 15
UPLOAD
Letter from SEC
3 Aug 15
UPLOAD
Letter from SEC
19 Jul 13
CORRESP
Correspondence with SEC
16 Jul 13
UPLOAD
Letter from SEC
8 Jul 13
UPLOAD
Letter from SEC
15 Jun 12
CORRESP
Correspondence with SEC
13 Jun 12
UPLOAD
Letter from SEC
7 Jun 12
CORRESP
Correspondence with SEC
4 Jun 12
Ownership
SC 13G/A
Washington Real Estate Investment Trust
10 May 19
SC 13G/A
Washington Real Estate Investment Trust
10 Apr 19
SC 13G
Washington Real Estate Investment Trust
13 Feb 19
SC 13G/A
Washington Real Estate Investment Trust
11 Feb 19
SC 13G/A
Washington Real Estate Investment Trust
4 Feb 19
SC 13G/A
Washington Real Estate Investment Trust
31 Jan 19
SC 13G/A
Washington Real Estate Investment Trust
31 Jan 19
SC 13G/A
Washington Real Estate Investment Trust
10 Jul 18
SC 13G/A
Washington Real Estate Investment Trust
13 Feb 18
SC 13G/A
Washington Real Estate Investment Trust
9 Feb 18