WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.
IPO Year: 2000
Exchange: NYSE
Website: washreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2022 | $26.00 | Buy | BTIG Research |
| 12/1/2021 | $25.00 → $27.00 | Equal-Weight | Wells Fargo |
| 10/1/2021 | $28.50 | Buy | BTIG Research |
| 9/30/2021 | $24.00 → $25.00 | Equal-Weight | Wells Fargo |
BTIG Research resumed coverage of Washington REIT with a rating of Buy and set a new price target of $26.00
Wells Fargo reiterated coverage of Washington REIT with a rating of Equal-Weight and set a new price target of $27.00 from $25.00 previously
BTIG Research initiated coverage of Washington REIT with a rating of Buy and set a new price target of $28.50
Wells Fargo reiterated coverage of Washington REIT with a rating of Equal-Weight and set a new price target of $25.00 from $24.00 previously
Raymond James downgraded Washington REIT from Outperform to Market Perform
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
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10-K - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
10-Q - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
10-Q - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
Elme Communities is "elevating home" for underserved mid-market renters New name marks the final step in the Company's transformation into a strategy-led, business-to-consumer, value-driven multifamily company WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a value-driven multifamily owner and operator, announced today that it has changed its name and rebranded as Elme Communities, reflecting its ongoing commitment to elevating the value-living experience for its residents. The name change culminates the Company's transformation into a focused multifamily company, and subsequent geographic expansion into Sunbelt markets. The Company, which has also changed its legal na
Delivers strong operating performance through peak leasing season Expects 14% Core FFO Growth in 2023 WASHINGTON, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE) today announced 2023 Core FFO guidance of $0.96 to $1.04 per share, which excludes the impact of any acquisitions beyond the $125 million that is expected to be completed this year. At the mid-point, this represents approximately 14% Core FFO growth in 2023 over 2022. The Company reiterated its previously issued 2022 Core FFO guidance range of $0.86 to $0.90 per share. "Building on the success of our transformation and geographic expansion, we are delivering o
WASHINGTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a multifamily real estate investment trust (REIT) that primarily owns and operates value-oriented apartment communities in the Washington Metro and Southeast, will release third quarter earnings results after market close on Thursday, October 27, 2022. The conference call will be held on Friday, October 28, 2022, at 10:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code163450 Instant replay of the conference call will be available until Friday, November 11, 2022, at 12:00 am ET. Instant replay access information is as follows: U
WASHINGTON, July 28, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended June 30, 2022: Financial Results Net loss was $8.9 million, or $0.10 per diluted shareNAREIT FFO was $15.2 million, or $0.17 per diluted shareCore FFO was $18.2 million, or $0.21 per diluted shareNet Operating Income (NOI) was $32.8 million Operational Highlights Same-store multifamily NOI increased by 5.1% compared to the prior year period and continues to build for the second half of 2022Effective new Lease
WASHINGTON, June 23, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release second quarter earnings results after market close on Thursday, July 28, 2022. The conference call will be held on Friday, July 29, 2022, at 10:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code545666 Instant replay of the conference call will be available until Friday, August 12, 2022, at 12:00 am ET. Instant replay access information is as follows: USA Toll Free Number:877-481-4010International Toll Number:919-882-2331Conference ID:45843 The live webcast of the conference call will be available on the invest
WASHINGTON, May 26, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) announced today the election of Jennifer S. Banner as an independent director to the Board of Trustees. Her election expands the company's Board to eight members. "We are pleased to welcome Jenny to WashREIT's Board," said Paul T. McDermott, Chairman and CEO. "She is a highly accomplished senior leader and former executive with expertise that covers key areas of focus at this stage in WashREIT's growth. We look forward to the valuable perspectives and insights that she will bring to our company." Ms. Banner has 36 years of professional, managerial, and board experience, including 22 years in public accounting, 14 years as a
WASHINGTON, April 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended March 31, 2022: Financial Results Net loss was $7.7 million, or $0.09 per diluted shareNAREIT FFO was $14.5 million, or $0.17 per diluted shareCore FFO was $0.20 per diluted share Operational Highlights Net Operating Income (NOI) was $30.7 millionSame-store multifamily NOI increased by 7.9% compared to the prior year period and is building for the second half of 2022Effective new Lease Rate Growth was
WASHINGTON, March 17, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release first quarter earnings results after market close on Wednesday, April 27, 2022. The conference call will be held on Thursday, April 28, 2022, at 11:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code698146 Instant replay of the conference call will be available until Thursday, May 12, 2022, at 12:00 am ET. Instant replay access information is as follows: USA Toll Free Number:877-481-4010International Toll Number:919-882-2331Conference ID:44920 The live webcast of the conference call will be available on the investor
WASHINGTON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Having increased its emphasis on data and technology initiatives as a focused apartment owner and operator, WashREIT (NYSE:WRE) announced that Susan Lilly Gerock, Chief Information Officer, has been promoted to Senior Vice President. Ms. Gerock joined WashREIT in April 2016 as Vice President, Information Technology and Chief Information Officer and has over 25 years of experience in various technology roles spanning real estate, consulting, application services, and manufacturing organizations. Her specialties include project and change management, cybersecurity, and ERP selection and implementation. Ms. Gerock is leading the transformation
WASHINGTON, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter and year ended December 31, 2021: Full-Year 2021 Financial and Operational Results Net income was $16.4 million, or $0.19 per diluted shareNAREIT FFO was $65.5 million, or $0.77 per diluted shareCore FFO was $1.06 per diluted shareNet Operating Income (NOI) was $108.4 millionSame-store Multifamily NOI decreased by 1.8% for the year and 0.9% on a cash basis for the yearSame-store Other NOI increased by 0.6% for the year
Elme Communities is "elevating home" for underserved mid-market renters New name marks the final step in the Company's transformation into a strategy-led, business-to-consumer, value-driven multifamily company WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a value-driven multifamily owner and operator, announced today that it has changed its name and rebranded as Elme Communities, reflecting its ongoing commitment to elevating the value-living experience for its residents. The name change culminates the Company's transformation into a focused multifamily company, and subsequent geographic expansion into Sunbelt markets. The Company, which has also changed its legal na
Delivers strong operating performance through peak leasing season Expects 14% Core FFO Growth in 2023 WASHINGTON, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE) today announced 2023 Core FFO guidance of $0.96 to $1.04 per share, which excludes the impact of any acquisitions beyond the $125 million that is expected to be completed this year. At the mid-point, this represents approximately 14% Core FFO growth in 2023 over 2022. The Company reiterated its previously issued 2022 Core FFO guidance range of $0.86 to $0.90 per share. "Building on the success of our transformation and geographic expansion, we are delivering o
WASHINGTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE), a multifamily real estate investment trust (REIT) that primarily owns and operates value-oriented apartment communities in the Washington Metro and Southeast, will release third quarter earnings results after market close on Thursday, October 27, 2022. The conference call will be held on Friday, October 28, 2022, at 10:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code163450 Instant replay of the conference call will be available until Friday, November 11, 2022, at 12:00 am ET. Instant replay access information is as follows: U
WASHINGTON, July 28, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended June 30, 2022: Financial Results Net loss was $8.9 million, or $0.10 per diluted shareNAREIT FFO was $15.2 million, or $0.17 per diluted shareCore FFO was $18.2 million, or $0.21 per diluted shareNet Operating Income (NOI) was $32.8 million Operational Highlights Same-store multifamily NOI increased by 5.1% compared to the prior year period and continues to build for the second half of 2022Effective new Lease
WASHINGTON, June 23, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release second quarter earnings results after market close on Thursday, July 28, 2022. The conference call will be held on Friday, July 29, 2022, at 10:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code545666 Instant replay of the conference call will be available until Friday, August 12, 2022, at 12:00 am ET. Instant replay access information is as follows: USA Toll Free Number:877-481-4010International Toll Number:919-882-2331Conference ID:45843 The live webcast of the conference call will be available on the invest
WASHINGTON, April 27, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended March 31, 2022: Financial Results Net loss was $7.7 million, or $0.09 per diluted shareNAREIT FFO was $14.5 million, or $0.17 per diluted shareCore FFO was $0.20 per diluted share Operational Highlights Net Operating Income (NOI) was $30.7 millionSame-store multifamily NOI increased by 7.9% compared to the prior year period and is building for the second half of 2022Effective new Lease Rate Growth was
WASHINGTON, March 17, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release first quarter earnings results after market close on Wednesday, April 27, 2022. The conference call will be held on Thursday, April 28, 2022, at 11:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code698146 Instant replay of the conference call will be available until Thursday, May 12, 2022, at 12:00 am ET. Instant replay access information is as follows: USA Toll Free Number:877-481-4010International Toll Number:919-882-2331Conference ID:44920 The live webcast of the conference call will be available on the investor
WASHINGTON, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Washington Real Estate Investment Trust ("WashREIT" or the "Company") (NYSE:WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter and year ended December 31, 2021: Full-Year 2021 Financial and Operational Results Net income was $16.4 million, or $0.19 per diluted shareNAREIT FFO was $65.5 million, or $0.77 per diluted shareCore FFO was $1.06 per diluted shareNet Operating Income (NOI) was $108.4 millionSame-store Multifamily NOI decreased by 1.8% for the year and 0.9% on a cash basis for the yearSame-store Other NOI increased by 0.6% for the year
WASHINGTON, Jan. 20, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) announced the income tax treatment of its 2021 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of WashREIT dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act. Dividend Paid DateGross Distribution Per ShareOrdinary Taxable Income Per ShareSection 199A Dividends Per Share(Return of Capital) Non-Taxable Distribution Per Share01/6/2021$0.30000$0.00000$0.00000$0.3000004/05/2021$0.30000$0.00
WASHINGTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) will release fourth quarter earnings results after market close on Thursday, February 17, 2022. The conference call will be held on Friday, February 18, 2022, at 11:00 am ET. Conference call access information is as follows: USA Toll Free Number:888-506-0062 International Toll Number:973-528-0011 Entry Code484083 Instant replay of the conference call will be available until Friday, March 4, 2022, at 12:00 am ET. Instant replay access information is as follows: USA Toll Free Number:877-481-4010 International Toll Number:919-882-2331 Conference ID:44242 The live webcast of the conference call will be availabl
Wells Fargo analyst Blaine Heck maintains Washington REIT (NYSE:WRE) with a Equal-Weight and lowers the price target from $21 to $17.
On Friday, 404 stocks made new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Procter & Gamble (NYSE:PG). The smallest company by market cap to set a new 52-week low was Avenue Therapeutics (NASDAQ:ATXI). Inpixon (NASDAQ:INPX) was the biggest loser of the morning session, as it dropped 6266.97% to reach its new 52-week low. BlackRock Taxable (NYSE:BBN)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Friday: Procter & Gamble (NYSE:PG) shares hit a yearly low of $125.15. The stock was down 0.7% on the session. Veriz
Wednesday saw 127 companies set new 52-week lows. Areas of Significance In Today's 52-Week Lows: The company with the largest market cap to set a new 52-week low was Coca-Cola (NYSE:KO). Jiuzi Hldgs (NASDAQ:JZXN) was the smallest firm by market cap to set a new 52-week low. FaZe Holdings (NASDAQ:FAZE) shares traded down 15.94% to reach its 52-week low, making it the biggest loser. Lument Finance Trust (NYSE:LFT)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low. The following stocks set new 52-week lows on Wednesday: Dominion Energy (NYSE:D) shares set a new yearly low of $68.48 this morning. The stock was down 3.93% on the session.
On Thursday, 930 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). Sunlight Finl Hldgs (NYSE:SUNL) saw the most pronounced move, as shares traded down 54.56% to hit its new 52-week low. Abbott Laboratories (NYSE:ABT)'s stock made the biggest bounce back, actually moving up 0.01% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Microsoft (NASDAQ:MSFT) shares were down 2.37% for the day, having made a 52-week low
Wednesday's session saw 361 companies set new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: Visa (NYSE:V) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Digital Brands Group (NASDAQ:DBGI). PhaseBio Pharmaceuticals (NASDAQ:PHAS) made the largest move down on the session, with shares plummeting 63.25% to reach its 52-week low. LG Display Co (NYSE:LPL)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks created new 52-week lows on Wednesday: Visa (NYSE:V) stock hit a new 52-week low of $174.83. The stock was
On Tuesday, 456 stocks hit new 52-week lows. Noteable 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). InMed Pharmaceuticals (NASDAQ:INM) shares dropped the most, trading down 35.93% to reach its new 52-week low. Tricon Residential (NYSE:TCN)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Tuesday: Visa (NYSE:V) stock drifted up 0.12% on Tuesday morning to hit a new 52-week low of $179.85. JPMorgan Chase (NYSE:JPM) stock drifted down 0
Monday saw 825 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Color Star Technology (NASDAQ:CSCW) shares dropped the most, trading down 3070.81% to reach its new 52-week low. Skillsoft (NYSE:SKIL) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Monday, the following stocks hit new 52-week lows: Visa (NYSE:V) shares made a new 52-week low of $181.63 on Monday. The stock was down 0.94% for the day. Oracle (NY
On Thursday, 1076 companies hit new 52-week lows. Areas of Significance In Today's 52-Week Lows: The company with the largest market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to hit a new 52-week low was First Wave BioPharma (NASDAQ:FWBI). TOP Ships (NASDAQ:TOPS) was the biggest loser, trading down 25.64% to reach its 52-week low. On Thursday, the following stocks set new 52-week lows: Microsoft (NASDAQ:MSFT) shares made a new 52-week low of $237.57 on Thursday. The stock was up 0.26% for the day. Alphabet (NASDAQ:GOOG) stock drifted up 0.17% on Thursday morning to hit a new 52-week low of $99.41. Alphabet (NASDAQ:GOOGL) shar