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Washington Real Estate Investment Trust (WRE)

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
Website
CEO
Paul McDermott
Employees
Incorporated
Fiscal year end
SEC CIK
Subsidiaries
650 N. Glebe, LLC • Real Estate Management, Inc. • Trade Rock Manager, Inc. • Washington Metro, Inc. • Washington Parking, Inc. • WashREIT 1220 19th St Grantor Trust Ownership LLC • WashREIT 1220 19th St Trustee LLC • WashREIT 1776 G St Grantor Trust Ownership LLC • WashREIT 1776 G St Trustee LLC • WashREIT 1901 Pennsylvania Ave Grantor Trust Ownership LLC ...
IRS number
530261100

WRE stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$22.50
Low target
$21.00
High target
$24.00
Wells Fargo
Maintains
Equal-Weight
$21.00
1 Jul 22
JP Morgan
Maintains
Neutral
$24.00
14 Jun 22

Calendar

29 Jul 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.77M 46.77M 46.77M 46.77M 46.77M 46.77M
Cash burn (monthly) 31.19M (no burn) 906K 749.33K (no burn) (no burn)
Cash used (since last report) 52.43M n/a 1.52M 1.26M n/a n/a
Cash remaining -5.66M n/a 45.25M 45.51M n/a n/a
Runway (months of cash) -0.2 n/a 49.9 60.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Butcher Benjamin S Common Stock Grant Acquire A No No 0 645.237 0 48,200.965
30 Jun 22 Jennifer S Banner Common Stock Grant Acquire A No No 0 215.079 0 215.079
1 Jun 22 Paul T. McDermott Common Stock Payment of exercise Dispose F No No 24 48,300 1.16M 378,725
13 May 22 Winns Anthony L. Common Stock Grant Acquire A No No 0 2,189 0 43,607.767
29.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 205 208 -1.4%
Opened positions 29 21 +38.1%
Closed positions 32 45 -28.9%
Increased positions 62 66 -6.1%
Reduced positions 67 70 -4.3%
13F shares Current Prev Q Change
Total value 1.66B 2.03B -18.3%
Total shares 77.68M 77.52M +0.2%
Total puts 40.7K 41.9K -2.9%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners Shares Value Change
BLK Blackrock 16.14M $343.84M +3.0%
Vanguard 14.03M $299.05M +0.4%
FMR 10.62M $226.34M +9.5%
STT State Street 5.37M $115.4M +2.2%
TROW T. Rowe Price 4.64M $98.85M +0.2%
Thornburg Investment Management 2.27M $48.41M -23.4%
Allspring Global Investments 1.79M $38.24M -3.0%
Geode Capital Management 1.71M $36.4M +3.2%
NTRS Northern Trust 1.52M $32.5M -5.1%
Nuveen Asset Management 1.5M $32.06M +3.6%
Largest transactions Shares Bought/sold Change
Schroder Investment Management 902.81K -959.45K -51.5%
FMR 10.62M +922.15K +9.5%
Highland Capital Management Fund Advisors 1.24M +852.24K +218.0%
Balyasny Asset Management 747.12K +747.12K NEW
LGEN Legal & General 0 -713.91K EXIT
Thornburg Investment Management 2.27M -692.24K -23.4%
BLK Blackrock 16.14M +464.5K +3.0%
Ranger Global Real Estate Advisors 670.47K -411.02K -38.0%
Great Lakes Advisors 187.52K +187.52K NEW
Parametric Portfolio Associates 0 -187.13K EXIT

Financial report summary

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Management Discussion
  • (3)Non-residential: Includes revenues and expenses from retail operations at residential properties.
  • 2021 Retail - Takoma Park, Westminster, Concord Centre, Chevy Chase Metro Plaza, 800 S. Washington Street, Randolph Shopping Center, Montrose Shopping Center and Spring Valley Village
  • recovery of operating expenses from our residents, (c) credit losses on lease related receivables, (d) revenue from leases of retail space at our apartment communities and (e) parking and other tenant charges.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: aforementioned, Alder, annum, assumed, assumption, ceased, ceasing, Crossing, employee, geopolitical, Germantown, Herndon, inflation, macroeconomic, Marietta, overhead, pause, paused, rebranding, recession, simplified, slowdown, Smyrna, software, unpaid
Removed: April, incurred, Leesburg, March