WRE Washington Real Estate Investment Trust

All WRE filings Filing statistics SEC Website

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

NYSE

CEO

Paul T. McDermott

Incorporated in

Maryland

Location

District of Columbia

Fiscal year end

Dec 31

Sector

Finance > Real Estate Investment Trusts

Industry (SEC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • Simon Property • Prologis • Welltower • Vornado Realty • Crown Castle International • HCP • Boston Properties ...

SEC CIK

0000104894

Corporate docs

Articles of Incorporation & Bylaws

IRS number

530261100

WRE stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart WRE financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	76.82M	83.17M	82.9M	82.5M
Net income	987K	-4.41M	5.69M	5.89M
Diluted EPS	0.01	-0.06	0.07	0.07
Net profit margin	1.28%	-5.30%	6.86%	7.14%
Operating income	9.06M	8.24M	18.19M	18.39M
Net change in cash	-6.27M	6.01M	1.21M	-1.14M
Cash on hand	5.76M	12.03M	6.02M	4.81M
Cost of revenue	28.13M	29.21M	28.26M	28.57M

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 acquisition of Assembly Portfolio ($5.4 million) during the 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 2445 M Street ($4.2 million) during the 2018 Quarter.

Content analysis ?

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

New words: Additionally, Assembly, beneficiary, Bradlee, Cascade, County, customary, daily, external, Foxchase, Germantown, Hagerstown, Herndon, highly, Intermediary, Landmark, Leesburg, listed, locate, manner, Mill, Montrose, Olney, Plaza, President, reversal, reverse, rounding, sector, shift, shorten, strategic, sum, Takoma, title, Vice, VIE, WashREIT, Wheaton, withdrawn

Removed: agree, Avenue, Bennett, Certification, Connecticut, disposed, expire, eXtensible, extent, formatted, ii, iii, iv, Language, pay, Pennsylvania, removal, snow, vi, XBRL

From filing 10-Q 2019 Q2