Washington REIT (WRE) Declares $0.30 Quarterly Dividend; 4.1% Yield

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Go back to Washington REIT (WRE) Declares $0.30 Quarterly Dividend; 4.1% Yield

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

October 25, 2018 4:48 PM EDT

WASHINGTON, Oct. 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 September 30, 2018:

Third Quarter 2018 Highlights

Net income attributable to controlling interests was $5.9 million, or $0.07 per diluted share, compared to $2.8 million, or $0.04 per diluted share in the third quarter of 2017, primarily due to the recognition of an impairment charge on Braddock Metro Center in the third... More