|Bid||0.00 x 800|
|Ask||27.81 x 800|
|Day's Range||27.13 - 27.98|
|52 Week Range||22.53 - 31.85|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||126.85|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||1.20 (4.32%)|
|1y Target Est||28.86|
WashREIT (WRE), a leading owner of commercial and multifamily properties in the Washington, DC area, has closed the previously announced acquisition of two garden-style multifamily assets located in Montgomery County, Maryland consisting of 428 units for $82 million. “We are executing our 2019 strategic capital allocation plan on schedule and making steady progress toward achieving our strategic objectives of de-risking our portfolio and strengthening its cash flows,” said Paul McDermott, President and CEO of WashREIT.
Washington Real Estate Investment Trust (NYSE: WRE) has entered into contracts to sell eight major area shopping centers, reducing its retail exposure to a negligible percentage while taking other steps to boost its multifamily holdings. The D.C.-based WashREIT announced Wednesday it has two institutional buyers, neither of which was identified, lined up for its retail assets. Its strategy, it said, is “de-risking." The first set of shopping centers will sell in late July to one buyer for roughly $485 million: Wheaton Park in Wheaton, Olney Village Center in Olney, Shoppes of Foxchase and Bradlee Shopping Center in Alexandria, and Gateway Overlook in Columbia.
Washington Real Estate Investment's (WRE) twin deals to sell eight retail assets will affect its net operating income (NOI), hence, the company trims its 2019 earnings outlook.
WashREIT (WRE) (the “Company” or “WashREIT”) has announced that it has entered into two definitive agreements with separate institutional buyers to sell a total of eight retail assets, including all three of its power centers. The Company has also updated its 2019 earnings guidance and provided a blended estimated capitalization rate (1) of approximately 6.2% for the sale of its eight retail assets. “Our 2019 strategic capital allocation plan marks a watershed moment for WashREIT as it is expected to grow the percentage of NOI (2) contributed by our multifamily portfolio to approximately 45% and reduce our retail portfolio to approximately 6% of NOI on a proforma basis, assuming we complete the dispositions and acquisitions assumed in our 2019 guidance," said Paul T. McDermott, President and CEO of WashREIT.
Washington Real Estate Investment Trust NYSE:WREView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is moderate and increasing * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderate for WRE with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 14. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WRE had net inflows of $1.82 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. WRE credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
WASHINGTON, June 14, 2019 -- Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE), a leading owner of commercial and multifamily properties in the Washington,.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
In 2013 Paul McDermott was appointed CEO of Washington Real Estate Investment Trust (NYSE:WRE). First, this article...
WashREIT (WRE) has closed the previously announced acquisition of five garden-style multifamily assets located in Northern Virginia consisting of 1,685 units for $379.1 million. “We are pleased to be growing our Northern Virginia multifamily portfolio by 53% at a time when that region is poised to deliver strong economic growth fueled by a thriving technology sector," said Paul T. McDermott, President and CEO of WashREIT. The Company now owns a total of 4,861 multifamily units in Northern Virginia and total of 5,953 units in the Washington Metro region overall.
The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]
The real estate investment trust, based in Washington, said it had funds from operations of $35.4 million, or 44 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks ...
WASHINGTON, April 24, 2019 -- Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of commercial and multifamily.
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market But Washington Real Estate Investment Trust (NYSE:WRE) has fallen short of t...
Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse' New Performance Update Uses Unique 'Thasos Trade Area' Tool ...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! In December 2018, Washington Real Estate Investment Trust (NYSE:WRE) released its latest earnings announcement, which su...
Washington Real Estate Investment Trust (WRE) to dispose selective commercial assets in order to fund the acquisition of the seven-community multi-family portfolio.
Washington Real Estate Investment Trust (NYSE: WRE) is expanding its multifamily portfolio by 50% with the purchase of seven apartment communities in the D.C. suburbs for $461 million. The D.C.-based developer plans to sell some commercial assets to fund the purchases.
WashREIT (WRE), a leading owner of commercial and multifamily properties in the Washington, DC area, has entered into a definitive agreement to purchase a 2,113 unit multifamily portfolio for approximately $461 million. The Company plans to sell select commercial assets to fund the acquisition and will provide further information upon closing the asset sales. “We are expanding our multifamily portfolio to serve the fast-growing cohort of renters - aging millennials - who can’t afford home ownership or urban infill rents and are drawn to well-located, Class B suburban multifamily with its larger living spaces and excellent community services,” said Paul McDermott, President and CEO of WashREIT.
WASHINGTON, March 20, 2019 -- Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE), a leading owner of commercial and multifamily properties in the Washington,.
Washington Real Estate Investment Trust (WRE) signs a lease with a leading global energy and infrastructure provider for 51,000 square feet of space at its office tower -- Watergate 600.