Washington REIT (WRE) Misses Q2 EPS by 5c

Washington REIT (NYSE: WRE) reported Q2 EPS of ($0.08), $0.05 worse than the analyst estimate of ($0.03).

• NAREIT FFO(1) was $20.6 million, or $0.24 per diluted share
• Core FFO was $30.1 million, or $0.35 per diluted share
• Net Operating Income (NOI)(2) was $25.1 million
• Same-store(3) multifamily NOI declined 2.0% compared to the second quarter of 2020, due to the impact of COVID-19 on lease rates

For earnings history and earnings-related data on Washington REIT (WRE) click here.

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