WRE Washington Real Estate Investment Trust Dashboard

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 • Brookfield Property REIT • Simon Property • VEREIT • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • AGNC Investment • Boston Properties • Boston Properties LTD Partnership ...

SEC CIK

0000104894

Corporate docs

Articles of Incorporation & Bylaws

IRS number

530261100

WRE stock data

S&P 500

1M 1Y 2Y 5Y

News

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Washington REIT Q4 FFO $0.33 Down From $0.40 YoY, Sales $71.23M Beat $71.18M Estimate

11 Feb 21

Washington REIT (NYSE:WRE) reported quarterly earnings of $0.33 per share. This is a 17.5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $71.23

Earnings Scheduled For February 11, 2021

11 Feb 21

Companies Reporting Before The Bell • Bluerock Residential Growth REIT, Inc. Class A Common Stock (AMEX:BRG) is expected to report quarterly loss at $0.55 per share on revenue of $54.86 million.

Press releases

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WashREIT Announces $350 Million of Green Bonds for Eligible Green Buildings that Achieve BREEAM Certification

21 Apr 21

Leading US-based REIT leverages globally recognized certification program as core element towards achieving Environmental, Social and Governance (ESG) commitment WashREIT (NYSE:WRE) in Washington, D.C. recently

WashREIT to Release First Quarter 2021 Results on Wednesday, April 28th

4 Mar 21

WASHINGTON, March 04, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a leading owner of multifamily and commercial properties in the Washington Metro area, will release first quarter earnings results after market close

Washington Real Estate Investment Trust to Host Earnings Call

12 Feb 21

NEW YORK, NY / ACCESSWIRE / February 12, 2021 / Washington Real Estate Investment Trust (NYSE:WRE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 12, 2021 at

WashREIT Announces Fourth Quarter and Full Year 2020 Results

11 Feb 21

Calendar

16 Feb 21

22 Apr 21

31 Dec 21

Financial summary

Financial statements Chart WRE financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	8.3M	8.3M	8.3M	8.3M	8.3M	8.3M
Cash burn (monthly)	(positive/no burn)	537.33K	394.33K	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	2.01M	1.48M	n/a	n/a	n/a
Cash remaining	n/a	6.29M	6.83M	n/a	n/a	n/a
Runway (months of cash)	n/a	11.7	17.3	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

WRE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Mar 21	Butcher Benjamin S	Common Stock	Grant	Aquire A	No	No	0	622.172	0	37,169.572
31 Mar 21	Byrnes William G	Common Stock	Grant	Aquire A	No	No	0	622.172	0	82,741.786
29 Mar 21	Fielder Taryn D.	Common Stock	Payment of exercise	Dispose F	No	No	22.78	147	3.35K	50,715
10 Feb 21	Paul T. McDermott	Common Stock	Payment of exercise	Dispose F	No	No	23.45	7,880	184.79K	389,324
10 Feb 21	Paul T. McDermott	Common Stock	Grant	Aquire A	No	No	0	31,596	0	397,204
10 Feb 21	Paul T. McDermott	Common Stock	Grant	Aquire A	No	No	0	38,787	0	365,608
10 Feb 21	Wade Drew Hammond	Common Stock	Grant	Aquire A	No	No	0	4,607	0	30,811

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

Institutional ownership Q4 2020

WRE institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	202	195	+3.6%
Opened positions	26	20	+30.0%
Closed positions	19	26	-26.9%
Increased positions	66	66	–
Reduced positions	66	66	–

13F shares	Current	Prev Q	Change
Total value	1.6B	1.44B	+11.0%
Total shares	74.07M	71.63M	+3.4%
Total puts	124.9K	88.7K	+40.8%
Total calls	60.9K	105.9K	-42.5%
Total put/call ratio	2.1	0.8	+144.9%

Largest owners	Shares	Value	Change
BLK Blackrock	14.77M	$319.58M	+5.9%
Vanguard	12.5M	$270.33M	+1.3%
FMR	5.79M	$125.16M	+6.6%
STT State Street	4.17M	$91.42M	+0.7%
Thornburg Investment Management	3.05M	$66.01M	+4.7%
Victory Capital Management	2.88M	$62.23M	-7.5%
Renaissance Technologies	2.43M	$52.49M	-14.7%
NTRS Northern Trust	2.39M	$51.6M	+0.2%
WFC Wells Fargo & Co.	2.19M	$47.45M	+2.3%
Schroder Investment Management	1.86M	$40.32M	+25.1%

Largest transactions	Shares	Bought/sold	Change
JHG Janus Henderson	1.49M	+1.49M	NEW
Nuveen Asset Management	422.38K	-1.17M	-73.5%
Norges Bank	923.23K	+923.23K	NEW
BLK Blackrock	14.77M	+820.52K	+5.9%
TROW T. Rowe Price	1.05M	-727.24K	-41.0%
Renaissance Technologies	2.43M	-419.71K	-14.7%
Citadel Advisors	408.41K	+395.79K	+3136.7%
Schroder Investment Management	1.86M	+374.03K	+25.1%
FMR	5.79M	+358.3K	+6.6%
GS Goldman Sachs	158.44K	-233.37K	-59.6%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

The discussion that follows is based on our consolidated results of operations for the three years ended December 31, 2020. The ability to compare one period to another is significantly affected by acquisitions completed and dispositions made during those years (see note 3 to the consolidated financial statements).
NOI, defined as real estate rental revenue less real estate expenses, is a non-GAAP measure. NOI is calculated as net income, less non-real estate revenue and the results of discontinued operations (including the gain on sale, if any), plus interest expense, depreciation and amortization, lease origination expenses, general and administrative expenses, real estate impairment and gain or loss on extinguishment of debt. We believe that NOI is useful as a performance measure because, when compared across periods, NOI reflects the impact on operations of trends in occupancy rates, rental rates and operating costs on an unleveraged basis, providing perspective not immediately apparent from net income. NOI excludes certain components from net income in order to provide results more closely related to a property’s results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. As a result of the foregoing, we provide NOI as a supplement to net income, calculated in accordance with GAAP. NOI does not represent net income or income from continuing operations, in either case calculated in accordance with GAAP. As such, it should not be considered an alternative to these measures as an indication of our operating performance. A reconciliation of NOI to net income follows.
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 recognized from lease termination fees and (e) parking and other tenant charges such as percentage rents.

Content analysis

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

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From filing 10-K 2020 FY