Washington REIT (WRE) Declares $0.30 Quarterly Dividend; 4.3% Yield

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Go back to Washington REIT (WRE) Declares $0.30 Quarterly Dividend; 4.3% Yield

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

April 25, 2018 4:21 PM EDT

WASHINGTON, April 25, 2018 (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 March 31, 2018:

First Quarter 2018 Highlights

Net income attributable to controlling interests was $3.3 million, or $0.04 per diluted share, compared to $6.6 million, or $0.09 per diluted share in the first quarter of 2017. NAREIT Funds from Operations (FFO) was $35.2 million, or $0.45 per diluted share, compared to $32.7 million, or $0.43... More