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WRE Washington Real Estate Investment Trust

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.

WRE stock data

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Calendar

16 Feb 21
22 Apr 21
31 Dec 21
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

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 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%

Financial report summary

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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.
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