How were Washington Real Estate Investment Trust's earnings last quarter?

Washington Real Estate Investment Trust (NYSE:WRE) released its quarterly earnings data on Thursday, October, 28th. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.47. The real estate investment trust earned $42.50 million during the quarter, compared to the consensus estimate of $44.44 million. Washington Real Estate Investment Trust had a net margin of 4.25% and a negative trailing twelve-month return on equity of 3.49%. Washington Real Estate Investment Trust's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS.

Is Washington Real Estate Investment Trust a good dividend stock?

Washington Real Estate Investment Trust (NYSE:WRE) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.87%. The dividend payout ratio is 680.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WRE will have a dividend payout ratio of 67.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for WRE .

What is Paul T. McDermott's approval rating as Washington Real Estate Investment Trust's CEO?

7 employees have rated Washington Real Estate Investment Trust Chief Executive Officer Paul T. McDermott on Glassdoor.com . Paul T. McDermott has an approval rating of 66% among the company's employees. 68.0% of employees surveyed would recommend working at Washington Real Estate Investment Trust to a friend.

What other stocks do shareholders of Washington Real Estate Investment Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Real Estate Investment Trust investors own include Realty Income (O) , Chemours (CC) , AT&T (T) , Exxon Mobil (XOM) , Verizon Communications (VZ) , Cracker Barrel Old Country Store (CBRL) , Intel (INTC) , Chevron (CVX) , Altria Group (MO) and ONEOK (OKE) .

NYSE:WRE

Washington Real Estate Investment Trust (WRE) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: $16.53
▼
$21.27
52-Week Range: N/A

Volume: 364,500 shs
Average Volume: 543,556 shs
Market Capitalization: $1.54 billion

P/E Ratio: 175.70
Dividend Yield: 3.87%
Price Target: N/A

Stock Analysis

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About Washington Real Estate Investment Trust Stock (NYSE:WRE)

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.

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WRE Stock News Headlines

April 15, 2024 | bizjournals.com

Revealing our Best Real Estate Deals People's Choice finalists

April 11, 2024 | tmcnet.com

Raft Receives Significant Growth Investment from Washington Harbour Partners

April 19, 2024 | Stansberry Research (Ad)

Strange new buyer driving up gold

One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."

April 2, 2024 | msn.com

Unlocking Wealth: Millennials' New Path to Prosperity with Real Estate

March 18, 2024 | msn.com

REAL ESTATE PEOPLE: New hire will head new division at Ian Black

February 14, 2024 | markets.businessinsider.com

Washington Real Estate Investment Trust earnings: here's what Wall Street expects

February 13, 2024 | bizjournals.com

Washington, D.C. CRE Developers News

February 3, 2024 | msn.com

Washington County homes were listed higher in January. Here's the median price

April 19, 2024 | Stansberry Research (Ad)

Strange new buyer driving up gold

One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."

January 12, 2024 | markets.businessinsider.com

Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

January 5, 2024 | msn.com

The largest real estate projects underway in the Triangle

December 17, 2023 | bizjournals.com

Commercial real estate uncertainty yields creative solutions in Greater Washington

December 7, 2023 | yahoo.com

Utah real estate: Washington County home prices fell 1.6% in November; $664k listed median

November 9, 2023 | msn.com

City Office REIT among real estate gainers, eXp World in losers

November 3, 2023 | msn.com

Real Estate Gold: 3 REIT Stocks With Income Potential

October 25, 2023 | markets.businessinsider.com

Washington Real Estate Investment Trust is about to announce its earnings — here's what Wall Street expects

September 27, 2023 | bizjournals.com

Washington-based real estate investor buys North Side apartment building

August 19, 2023 | bizjournals.com

Vienna's Rosenthal Properties sells property management, leasing business to Atlanta firm

July 31, 2023 | markets.businessinsider.com

Washington Real Estate Investment Trust earnings preview: what Wall Street is expecting

July 10, 2023 | benzinga.com

Washington Trust Announces Date of Second Quarter 2023 Earnings Release, Conference Call and Webcast

June 30, 2023 | benzinga.com

Women's Real Estate Investors Network Unveils Highly Anticipated Annual Event - Empowering Women in Real Estate Investing

June 5, 2023 | benzinga.com

Washington Trust provides $1.527 million in financing to 140 Corporate Drive Investors, LLC

May 19, 2023 | msn.com

Mizuho Maintains Equity Residential Properties Trust (EQR) Buy Recommendation

April 27, 2023 | bizjournals.com

2023 Best Real Estate Deals Awards

April 14, 2023 | nypost.com

One of the last remaining townhouses on Washington Square Park lists for $30M

March 22, 2023 | bizjournals.com

Stewart Investment Partners buys IDA land in Alexandria's Mark Center, likely for new development

March 17, 2023 | bizjournals.com

Here's who made our list of the Best Real Estate Deals of 2022

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Company Calendar

Last Earnings: 10/28/2021
Today: 4/19/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Diversified REITs
Current Symbol: NYSE:WRE
CUSIP: 93965310
CIK: 104894
Web: www.washreit.com
Phone: (202) 774-3200
Fax: 301-984-9610
Employees: 53
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.10
Trailing P/E Ratio: 175.70
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $16.38 million
Net Margins: 4.25%
Pretax Margin: -24.53%
Return on Equity: -3.49%
Return on Assets: -2.43%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 1.59
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: $169.15 million
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 32.50
Book Value: $15.56 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 87,402,000
Free Float: 86,528,000
Market Cap: $1.54 billion
Optionable: Optionable
Beta: 0.88

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Key Executives

Mr. Paul T. McDermott (Age 60)
Chairman of Board, Pres & CEO
Comp: $2.32M
Mr. Stephen E. Riffee (Age 64)
Exec. VP & CFO
Comp: $1.25M
Mr. Andrew E. Leahy
VP of Investments
Mr. Wade Drew Hammond (Age 47)
VP, Chief Accounting Officer, Corp. Sec. & Treasurer
Ms. Susan Lilly Gerock
Sr. VP of Information Technology & Chief Information Officer
Ms. Amy Hopkins
VP of Investor Relations
Ms. Deanna Schmidt
VP of Marketing & Communications
Mr. Ian Kessler
VP of HR
Mr. Edward J. Murn IV (Age 54)
Managing Director of Devel. & Multifamily Division
Mr. Anthony C. Chang
VP of Asset Management

Key Competitors

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WRE Stock Analysis - Frequently Asked Questions

How were Washington Real Estate Investment Trust's earnings last quarter?: Washington Real Estate Investment Trust (NYSE:WRE) released its quarterly earnings data on Thursday, October, 28th. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.47. The real estate investment trust earned $42.50 million during the quarter, compared to the consensus estimate of $44.44 million. Washington Real Estate Investment Trust had a net margin of 4.25% and a negative trailing twelve-month return on equity of 3.49%. Washington Real Estate Investment Trust's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS.
Is Washington Real Estate Investment Trust a good dividend stock?: Washington Real Estate Investment Trust (NYSE:WRE) pays an annual dividend of $0.68 per share and currently has a dividend yield of 3.87%. The dividend payout ratio is 680.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WRE will have a dividend payout ratio of 67.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRE.
What is Paul T. McDermott's approval rating as Washington Real Estate Investment Trust's CEO?: 7 employees have rated Washington Real Estate Investment Trust Chief Executive Officer Paul T. McDermott on Glassdoor.com. Paul T. McDermott has an approval rating of 66% among the company's employees. 68.0% of employees surveyed would recommend working at Washington Real Estate Investment Trust to a friend.
What other stocks do shareholders of Washington Real Estate Investment Trust own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Real Estate Investment Trust investors own include Realty Income (O), Chemours (CC), AT&T (T), Exxon Mobil (XOM), Verizon Communications (VZ), Cracker Barrel Old Country Store (CBRL), Intel (INTC), Chevron (CVX), Altria Group (MO) and ONEOK (OKE).

This page (NYSE:WRE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Washington Real Estate Investment Trust (WRE) Stock Price, News & Analysis

About Washington Real Estate Investment Trust Stock (NYSE:WRE)

WRE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

WRE Stock Analysis - Frequently Asked Questions

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