Washington Real Estate Investment Trust | REIT Profile

Symbol: WRE
CIK: 104894
Exchange: NYSE
Founded: 1960 (62 years)
HQ: Washington, DC, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Diversified, Residential, Retail, Office

See WRE on Google Finance
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See WRE on SEC.gov

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Overall Score: 6.8

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $26.25
Closing Price: $26.37
Price Change: 0.1 (0.381%)
Lowest Price: $26.02
Highest Price: $26.43

52-Week Low: $20.81
52-Week High: $26.79
52-Week Change: 20.65%

5 Day Price Change: -1.50%
1 Month Price Change: 3.76%
3 Month Price Change: 2.87%
6 Month Price Change: 9.09%
YTD Price Change: 1.63%
1 Year Price Change: 24.95%
2 Year Price Change: -4.56%
5 Year Price Change: 1.85%

Dividend of Trading Day January 14, 2022


Dividend Yield: 2.579%*
Annualized Dividend: $0.68*
Dividend Yield (TTM): 3.528%
Annualized Dividend (TTM): $0.9269
Ex-Dividend Date: 2021-12-21
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $307,797,000
Current Debt: $59,531,000
Revenue: $224,658,000
Gross Profit: $224,658,000
Total Revenue: $224,658,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $110,251,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 112
Debt to Equity Ratio (D/E): 1.43
Profit Margin: 0.05%
Enterprise Value (EV): $2,412,420,997
Enterprise Value to Revenue (EV/R): 10.74
Price to Sales (P/S): 9.90
Price to Book (P/B): 1.72
Price/Earnings-to-Growth (PEG) Ratio: -2.54
P/E Ratio: 193.33
P/E High: 10.76
P/E Low: 8.33
Forward P/E Ratio: -525.40
Market Capitalization: $2,231,858,624
Beta: 0.60
Latest Volume: 473,453
Avg. Total Volume: 712,950
Avg. 10-Day Volume: 904,909
Avg. 30-Day Volume: 712,950
TTM EPS: 0.14
Shares Outstanding: 84,636,277
Float: N/A
50-Day Moving Avg.: $25.60
200-Day Moving Avg.: $24.90

Latest REIT Community Comments on #WRE


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Properties Owned by WRE


Properties Based on REIT's Official Presentation

Properties Types States Countries
46 4 3 1

Please visit REIT’s official webpage for the most up-to-date property list.

WRE Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $30.30 per share you would have been able to buy 33 shares of WRE on 2021-01-16 costing $999.90 @ $30.30 per share you would have been able to buy 16 shares of WRE on 2021-01-16 costing $484.80 @ $30.30 per share you would have been able to buy 8 shares of WRE on 2021-01-16 costing $242.40 @ $30.30 per share you would have been able to buy 3 shares of WRE on 2021-01-16 costing $90.90 @ $30.30 per share you would have been able to buy 1 shares of WRE on 2021-01-16 costing $30.30
Current worth On 2022-01-14 these 33 shares would be worth $870.21 @ $26.37 On 2022-01-14 these 16 shares would be worth $421.92 @ $26.37 On 2022-01-14 these 8 shares would be worth $210.96 @ $26.37 On 2022-01-14 these 3 shares would be worth $79.11 @ $26.37 On 2022-01-14 these 1 shares would be worth $26.37 @ $26.37
Dividends earned $31.02 in dividends would have been earned since 2021-01-16 with 33 shares. $15 in dividends would have been earned since 2021-01-16 with 16 shares. $7.52 in dividends would have been earned since 2021-01-16 with 8 shares. $2.82 in dividends would have been earned since 2021-01-16 with 3 shares. $0.94 in dividends would have been earned since 2021-01-16 with 16 shares.
Net (gain / loss)* -98.67 USD -47.84 USD -23.92 USD -8.97 USD -2.99 USD
ROI** -9.87% -9.87% -9.87% -9.87% -9.87%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by WRE. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
WRE 2021-12-21 0.170 --- 2021-10-28 2021-12-22 2022-01-05
WRE 2021-09-21 0.170 -43.33% 2021-07-29 2021-09-22 2021-10-05
WRE 2021-06-22 0.300 --- 2021-04-28 2021-06-23 2021-07-06
WRE 2021-03-19 0.300 --- 2021-02-11 2021-03-22 2021-04-05
WRE 2020-12-22 0.300 --- 2020-10-05 2020-12-23 2021-01-06
WRE 2020-09-18 0.300 --- 2020-07-28 2020-09-21 2020-10-05
WRE 2020-06-19 0.300 --- 2020-04-22 2020-06-22 2020-07-06
WRE 2020-03-16 0.300 --- 2020-02-13 2020-03-17 2020-03-31
WRE 2019-06-13 0.300 --- 2019-04-24 2019-06-14 2019-06-28
WRE 2019-03-14 0.300 --- 2019-01-04 2019-03-15 2019-03-29
WRE 2018-12-19 0.300 --- 2018-10-25 2018-12-20 2019-01-04
WRE 2018-09-13 0.300 --- 2018-07-26 2018-09-14 2018-09-28
WRE 2018-06-14 0.300 --- 2018-04-25 2018-06-15 2018-06-29
WRE 2018-03-14 0.300 --- 2018-02-15 2018-03-15 2018-03-29
WRE 2017-12-19 0.300 --- 2017-10-26 2017-12-20 2018-01-05
WRE 2017-09-14 0.300 --- 2017-07-31 2017-09-15 2017-09-29
WRE 2017-06-13 0.300 --- 2017-05-01 2017-06-15 2017-06-30
WRE 2017-03-13 0.300 --- 2017-04-06 2017-03-15 2017-03-31
WRE 2016-12-19 0.300 --- 2017-01-05 2016-12-21 2017-01-06
WRE 2016-09-13 0.300 --- 2016-10-03 2016-09-15 2016-09-30

Financial Statements Overview


The next Earnings Report for WRE is 2022-02-17

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 307,797,000 5,435,000 3,017,000 7,700,000
Receivables 14,713,000 12,916,000 59,396,000 58,257,000
Inventory 0 0 0 0
Current Assets 323,115,000 18,946,000 62,989,000 66,560,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,529,695,000 2,349,459,000 2,317,047,000 2,343,258,000
Property, Plant & Equipment Net 1,496,586,000 1,455,230,000 2,249,831,000 2,272,218,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 33,109,000 28,297,000 67,216,000 71,040,000
Net Tangible Assets 1,296,147,000 1,276,121,000 1,298,584,000 1,320,787,000
Total Assets 1,852,810,000 2,368,405,000 2,380,036,000 2,409,818,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 59,531,000 103,065,000 102,500,000 101,339,000
Total Current Liabilities 59,531,000 103,065,000 102,500,000 101,339,000
Current Long-term Debt 0 0 0 0
Long-term Debt 496,823,000 988,905,000 978,634,000 987,370,000
Total Liabilities 556,663,000 1,092,284,000 1,081,452,000 1,089,031,000
Minority Interest 309,000 314,000 318,000 322,000
Common Stock 84,496,000 84,461,000 84,413,000 82,967,000
Retained Earnings -341,052,000 -357,934,000 -325,469,000 -298,860,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,296,147,000 1,276,121,000 1,298,584,000 1,320,787,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 42,499,000 41,297,000 69,633,000 71,229,000
Cost of Revenue 0 0 0 0
Gross Profit 42,499,000 41,297,000 69,633,000 71,229,000
Research and Development 0 0 0 0
Selling General and Admin 7,909,000 6,325,000 5,604,000 5,988,000
Operating Expense 43,105,000 39,858,000 61,941,000 64,942,000
Operating Income -606,000 1,439,000 7,692,000 6,287,000
Income Expense Net (Other) 0 0 0 0
EBIT -606,000 1,439,000 7,692,000 6,287,000
Interest Income 8,106,000 10,158,000 10,123,000 8,998,000
Pretax Income -22,330,000 -16,737,000 -1,147,000 -11,037,000
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 31,157,000 -7,129,000 -1,286,000 -11,280,000
Net Income Basic 31,157,000 -7,129,000 -1,286,000 -11,280,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 31,157,000 -7,129,000 -1,286,000 -11,280,000
Depreciation 18,252,000 27,551,000 29,643,000 120,030,000
Changes in Receivables 14,713,000 12,916,000 59,396,000 58,257,000
Changes in Inventories 0 0 0 0
Cash Change 307,797,000 5,435,000 3,017,000 7,700,000
Cash Flow 1,761,000 27,383,000 37,239,000 28,767,000
Capital Expenditures -8,621,000 -14,132,000 -4,032,000 -86,907,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 841,436,000 -9,995,000 -8,200,000 71,547,000
Dividends Paid 0 0 0 0
Net Borrowings 189,026,000 983,470,000 975,617,000 979,670,000
Cash Flow Financing -540,825,000 -14,938,000 -33,749,000 -96,440,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Washington Real Estate Investment Trust


Washington REIT is a self-administered equity real estate investment trust investing in income-producing properties in the greater Washington metro region. Washington REIT owns a diversified portfolio of 50 properties, totaling approximately 6.3 million square feet of commercial space and 4,480 multifamily units, and land held for development. These 50 properties consist of 20 office properties, 16 retail centers and 14 multifamily properties. Washington REIT shares are publicly traded on the New York Stock Exchange (NYSE: WRE).

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
10 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
8 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
0 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.8 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8