Washington REIT (WRE) Tops Q1 EPS by 11c; Withdraws Previous FY20 Guidance

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Go back to Washington REIT (WRE) Tops Q1 EPS by 11c; Withdraws Previous FY20 Guidance

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

April 22, 2020 4:16 PM EDT

WASHINGTON, April 22, 2020 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust (WashREIT or the Company) (NYSE: WRE), a leading owner and operator of multifamily and commercial properties in the Washington, DC area, reported financial and operating results today for the quarter ended March 31, 2020:

Financial Results

Net income attributable to controlling interests was $1.7 million, or $0.02 per diluted shareNAREIT FFO(1) was $31.4 million, or $0.38 per diluted shareCore FFO(1) was  $0.37 per diluted share

Operational Highlights

Net Operating Income (NOI)(2) was $48.2... More