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Washington REIT (WRE) Files 10-K for the Fiscal Year Ended on December 31, 2018

GuruFocus.com

- By insider

Washington REIT (WRE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Washington REIT is a real estate investment trust. The Company is engaged in the ownership and operation of income-producing real properties in the greater Washington metro region. Washington REIT has a market cap of $2.15 billion; its shares were traded at around $26.91 with a P/E ratio of 86.83 and P/S ratio of 6.34. The dividend yield of Washington REIT stocks is 4.48%. Washington REIT had annual average EBITDA growth of 3.80% over the past five years.


For the last quarter Washington REIT reported a revenue of $82.9 million, compared with the revenue of $81.30 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $336.9 million, an increase of 3.6% from last year. For the last five years Washington REIT had an average revenue growth rate of 4.7% a year.

The reported diluted earnings per share was 32 cents for the year, an increase of 28% from previous year. Over the last five years Washington REIT had an average EPS decline of 20.8% a year. The Washington REIT had a decent operating margin of 22.96%, compared with the operating margin of 23.01% a year before. The 10-year historical median operating margin of Washington REIT is 25.91%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Washington REIT has the cash and cash equivalents of $6.02 million, compared with $9.85 million in the previous year. The long term debt was $1.2 billion, compared with $1.2 billion in the previous year. The interest coverage to the debt is 1.5, which is not a favorable level. Washington REIT has a financial strength rank of 4 (out of 10).

At the current stock price of $26.91, Washington REIT is traded at close to its historical median P/S valuation band of $27.78. The P/S ratio of the stock is 6.34, while the historical median P/S ratio is 6.52. The stock gained 5.46% during the past 12 months.

For the complete 20-year historical financial data of WRE, click here.

This article first appeared on GuruFocus.