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 • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Welltower ...

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 Q2 FFO $0.35 Down From $0.39 YoY, Sales $41.30M Miss $70.45M Estimate

29 Jul 21

Washington REIT (NYSE:WRE) reported quarterly earnings of $0.35 per share. This is a 10.26 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $41.30

Earnings Scheduled For July 29, 2021

29 Jul 21

Companies Reporting Before The Bell • Smith & Nephew (NYSE:SNN) is projected to report earnings for its second quarter.

Benzinga's Top Ratings Upgrades, Downgrades For June 17, 2021

17 Jun 21

Raymond James Downgrades Washington REIT to Market Perform

17 Jun 21

Stocks That Hit 52-Week Highs On Wednesday

9 Jun 21

Press releases

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WashREIT Announces Second Quarter 2021 Results and Updates Progress on Transformation

29 Jul 21

WASHINGTON, July 29, 2021 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a leading owner and operator of multifamily properties in the Washington, DC area,

WashREIT Completes Office Portfolio Sale

26 Jul 21

WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of

WashREIT to Release Second Quarter 2021 Results on Thursday, July 29th

22 Jun 21

WASHINGTON, June 22, 2021 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a leading owner of multifamily and commercial properties in the Washington Metro area, will release second quarter earnings results after market close

WashREIT Accelerates Transformation Into Multifamily REIT With Agreement to Sell Office Portfolio

15 Jun 21

Calendar

29 Apr 21

3 Aug 21

31 Dec 21

Financial summary

Financial statements Chart WRE financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 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)	3.59M	3.59M	3.59M	3.59M	3.59M	3.59M
Cash burn (monthly)	1.57M	1.47M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	6.49M	6.08M	n/a	n/a	n/a	n/a
Cash remaining	-2.9M	-2.48M	n/a	n/a	n/a	n/a
Runway (months of cash)	-1.8	-1.7	n/a	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	#Shares	#Remaining
30 Jun 21	Butcher Benjamin S	Common Stock	Grant	Aquire A	No	No	597.826	40,437.976
30 Jun 21	Byrnes William G	Common Stock	Grant	Aquire A	No	No	597.826	86,622.681
14 May 21	Civera Edward S	Common Stock	Grant	Aquire A	No	No	2,192	64,752.366
14 May 21	Goitia Ellen M.	Common Stock	Grant	Aquire A	No	No	2,192	16,820.452
14 May 21	Byrnes William G	Common Stock	Grant	Aquire A	No	No	2,192	86,024.855

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

Institutional ownership Q1 2021

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.

87.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	198	202	-2.0%
Opened positions	25	26	-3.8%
Closed positions	29	19	+52.6%
Increased positions	68	66	+3.0%
Reduced positions	64	66	-3.0%

13F shares	Current	Prev Q	Change
Total value	1.64B	1.62B	+0.8%
Total shares	74.04M	75.05M	-1.3%
Total puts	38.4K	124.9K	-69.3%
Total calls	26.5K	60.9K	-56.5%
Total put/call ratio	1.4	2.1	-29.3%

Largest owners	Shares	Value	Change
BLK Blackrock	15.85M	$350.21M	+7.3%
Vanguard	13.01M	$287.54M	+4.1%
FMR	5.56M	$122.97M	-3.8%
STT State Street	4.33M	$96.99M	+3.8%
Thornburg Investment Management	3.06M	$67.73M	+0.4%
Schroder Investment Management	2.49M	$55.01M	+33.5%
Victory Capital Management	2.49M	$54.99M	-13.5%
WFC Wells Fargo & Co.	2.14M	$47.27M	-2.5%
Renaissance Technologies	2.12M	$46.89M	-12.6%
NTRS Northern Trust	1.87M	$41.26M	-21.7%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	15.85M	+1.07M	+7.3%
Norges Bank	0	-923.23K	EXIT
Schroder Investment Management	2.49M	+625.05K	+33.5%
MCQEF Macquarie	31.44K	-564K	-94.7%
TROW T. Rowe Price	498.85K	-549.22K	-52.4%
NTRS Northern Trust	1.87M	-518.55K	-21.7%
Vanguard	13.01M	+512.98K	+4.1%
Balyasny Asset Management	0	-424.84K	EXIT
Victory Capital Management	2.49M	-388.64K	-13.5%
Renaissance Technologies	2.12M	-305.3K	-12.6%

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

Financial report summary

Management Discussion

1.Development/redevelopment:
2.Sold (classified as continuing operations):
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.

Content analysis

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

New words: alter, BTIG, disposed, efficacy, immunity, led, light, litigation, Monument, obtain, organizational, people, professional, recruitment, retain, rollout, routine, settlement, speed, sufficient, surrendered, thereof, Truist, unable, vaccine, Whitepaper, withholding

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From filing 10-Q 2021 Q1