Washington REIT (WRE) Misses Q2 FFO by 8c

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WashREIT Announces Second Quarter 2020 Results

July 28, 2020 4:16 PM EDT

WASHINGTON, July 28, 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 June 30, 2020:

Financial Results

Net loss attributable to controlling interests was $5.4 million, or $0.07 per diluted share, primarily due to a loss recognized on the sale of an office asset during the quarterNAREIT FFO(1) was $31.7 million, or $0.38 per diluted shareCore FFO(1) was  $0.39 per diluted... More