WRE has been on the NYSE since at least 1970 and always raised or kept steady it's dividend. Today's cut was a real shock. Sold our immediately. Something is wrong here. Other REITs are prospering. Washington market is no worse than average.
And, this should be an area of great opportunities in RE but management seems to have no great ideas despite so many advantages. They need to study London RE over centuries perhaps? Management continues to miss the boat despite the many advantages. How sick to blame their failings on DOD sequestering! What a crock! I'll be looking for an exit point. I have many better ways to put my money to work with far less risk.