Washington REIT (WRE) Declares $0.30 Quarterly Dividend; 3.7% Yield

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Washington Real Estate Investment Trust Announces Second Quarter Financial and Operating Results and Quarterly Dividend

July 27, 2017 4:16 PM EDT

WASHINGTON, July 27, 2017 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (Washington REIT or the Company) (NYSE: WRE), a leading owner and operator of commercial and multifamily properties in the Washington, DC area, reported financial and operating results today for the quarter ended June 30, 2017:

Second Quarter 2017 Highlights

Net income attributable to controlling interests was $7.9 million, or $0.10 per diluted share, compared to $31.8 million, or $0.44 per diluted share in the second quarter of 2016, which included the recognition of a $24.1 million gain from the first sale transaction of the suburban Maryland office... More