Washington Real Estate Investment Trust
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
Recent Analyst Ratings for Washington Real Estate Investment Trust
| 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 |
Washington Real Estate Investment Trust Press Releases
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WashREIT is Now Elme Communities
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
WashREIT Issues 2023 Guidance and Provides Operating Update
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
WashREIT to Release Third Quarter 2022 Results on Thursday, October 27th
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
WashREIT Announces Second Quarter 2022 Results
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
WashREIT to Release Second Quarter 2022 Results on Thursday, July 28th
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
WashREIT Welcomes New Board Member, Jennifer Banner
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
WashREIT Announces First Quarter 2022 Results and Updates Progress on Southeast Expansion
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
WashREIT to Release First Quarter 2022 Results on Wednesday, April 27th
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
WashREIT Promotes Susan Lilly Gerock to Senior Vice President, Chief Information Officer
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
WashREIT Announces Fourth Quarter and Full Year 2021 Results
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 Real Estate Investment Trust Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
BTIG Research resumed coverage on Washington REIT with a new price target
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 on Washington REIT with a new price target
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 on Washington REIT with a new price target
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 on Washington REIT with a new price target
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
Washington REIT downgraded by Raymond James
Raymond James downgraded Washington REIT from Outperform to Market Perform
Washington Real Estate Investment Trust Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Mcdermott Paul T. was granted 93,444 shares and covered exercise/tax liability with 12,522 shares, increasing direct ownership by 15% to 614,692 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Hammond Wade Drew was granted 8,618 shares, increasing direct ownership by 18% to 55,616 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Gerock Susan Lilly was granted 12,281 shares, increasing direct ownership by 25% to 61,333 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Freishtat Steven was granted 12,004 shares, increasing direct ownership by 38% to 43,259 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Butcher Tiffany Michelle was granted 22,093 shares, increasing direct ownership by 113% to 41,584 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Butcher Benjamin S was granted 1,798 shares, increasing direct ownership by 3% to 67,889 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Banner Jennifer S was granted 942 shares, increasing direct ownership by 7% to 14,828 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Mcdermott Paul T. covered exercise/tax liability with 18,841 shares, decreasing direct ownership by 3% to 533,770 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Hammond Wade Drew covered exercise/tax liability with 3,082 shares, decreasing direct ownership by 6% to 46,998 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Gerock Susan Lilly covered exercise/tax liability with 3,294 shares, decreasing direct ownership by 6% to 49,052 units (SEC Form 4)
4 - Elme Communities (0000104894) (Issuer)
Washington Real Estate Investment Trust SEC Filings
SEC Form 10-K filed by Washington Real Estate Investment Trust
10-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
SEC Form 10-Q filed by Washington Real Estate Investment Trust
10-Q - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
8-K - Elme Communities (0000104894) (Filer)
SEC Form 10-Q filed by Washington Real Estate Investment Trust
10-Q - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Elme Communities (0000104894) (Filer)
Washington Real Estate Investment Trust Financials
Live finance-specific insights
WashREIT is Now Elme Communities
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
WashREIT Issues 2023 Guidance and Provides Operating Update
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
WashREIT to Release Third Quarter 2022 Results on Thursday, October 27th
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
WashREIT Announces Second Quarter 2022 Results
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
WashREIT to Release Second Quarter 2022 Results on Thursday, July 28th
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
WashREIT Announces First Quarter 2022 Results and Updates Progress on Southeast Expansion
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
WashREIT to Release First Quarter 2022 Results on Wednesday, April 27th
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
WashREIT Announces Fourth Quarter and Full Year 2021 Results
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
WashREIT Announces 2021 Dividend Income Tax Treatment
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
WashREIT to Release Fourth Quarter 2021 Results on Thursday, February 17th
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
Washington Real Estate Investment Trust Large Ownership Changes
This live feed shows all institutional transactions in real time.
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G filed by Washington Real Estate Investment Trust
SC 13G - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)
SEC Form SC 13G/A filed by Washington Real Estate Investment Trust (Amendment)
SC 13G/A - Elme Communities (0000104894) (Subject)