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Washington Real Estate Investment Trust Announces 192nd Consecutive Quarterly Dividend


  • Press Release
  • Source: Washington Real Estate Investment Trust (WRIT)
  • On 1:26 pm EDT, Thursday October 22, 2009

ROCKVILLE, Md.--(BUSINESS WIRE)--WRIT’s Board of Trustees announced today a quarterly dividend of $.4325 per share to be paid on December 31, 2009 to shareholders of record on December 17, 2009.

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SymbolPriceChange
WRE25.58-0.85
Chart for WASH REAL EST INV TR
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This is WRIT’s 192nd consecutive quarterly dividend at equal or increasing rates. WRIT dividends have remained equal or increased for 38 consecutive years.

WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. WRIT owns a diversified portfolio of 91 properties totaling approximately 11 million square feet of commercial space and 2,536 residential units. These 91 properties consist of 27 office properties, 21 industrial/flex properties, 18 medical office properties, 14 retail centers, 11 multi-family properties and land for development. WRIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE - News).

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, the effect of the current credit and financial market conditions, the availability and cost of capital, fluctuations in interest rates, tenants’ financial condition, the timing and pricing of lease transactions, levels of competition, the effect of government regulation, the impact of newly adopted accounting principles, changes in general and local economic and real estate market conditions, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2008 Form 10-K, our second quarter 2009 10-Q and our Form 8-K filed July 10, 2009. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact:

Washington Real Estate Investment Trust
William T. Camp
Executive Vice President and
Chief Financial Officer
301-984-9400
bcamp@writ.com

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