Washington real estate investment trust (WRE)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Land

574

566

611

597

612

526

614

614

614

588

615

616

573

573

573

573

561

561

572

542

543

543

519

519

472

426

418

483

483

418

483

489

472

465

472

475

475

381

418

418

402

Income producing property

2,444

2,392

2,486

2,407

2,276

2,055

2,239

2,220

2,211

2,113

2,214

2,201

2,123

2,112

2,092

2,072

2,095

2,076

2,074

1,966

1,932

1,927

1,867

1,853

1,784

1,675

1,624

2,003

1,988

1,587

1,966

1,988

1,947

1,899

1,924

2,022

2,013

1,670

1,951

1,943

1,848

Net income producing property, at cost

3,018

2,959

3,098

3,005

2,889

2,581

2,854

2,835

2,826

2,702

2,830

2,818

2,697

2,685

2,665

2,645

2,656

2,637

2,647

2,509

2,476

2,470

2,387

2,373

2,256

2,102

2,042

2,487

2,472

2,005

2,449

2,478

2,419

2,364

2,397

2,498

2,489

2,051

2,369

2,361

2,250

Accumulated depreciation and amortization

719

693

724

697

781

669

745

722

698

683

715

691

680

657

634

613

714

692

677

670

649

640

620

600

581

565

548

646

625

497

583

577

556

521

516

576

555

460

529

508

457

Net income producing property

2,299

2,265

2,374

2,307

2,107

1,912

2,108

2,113

2,189

2,018

2,163

2,172

2,059

2,068

2,068

2,068

1,969

1,981

2,005

1,874

1,892

1,906

1,866

1,857

1,744

1,598

1,549

1,895

1,899

1,553

1,913

1,946

1,907

1,886

1,920

1,961

1,959

1,617

1,866

1,878

1,817

Properties under development or held for future development

89

124

110

107

97

87

81

71

61

54

49

46

42

40

37

35

27

36

35

35

65

76

99

83

68

61

55

55

52

45

48

45

44

43

39

39

26

26

26

25

25

Total real estate held for investment, net

2,388

2,389

2,484

2,415

2,205

1,999

2,190

2,184

2,127

2,072

2,114

2,126

2,016

2,027

2,030

2,032

1,941

1,945

1,969

1,839

1,826

1,830

1,767

1,773

1,675

1,536

1,494

1,840

1,846

1,508

1,865

1,900

1,862

1,843

1,881

1,921

1,933

1,591

1,840

1,852

1,792

Investment in real estate held for sale, net

57

57

0

199

-

203

0

0

93

68

7

6

-

0

-

41

-

-

5

-

-

-

0

0

0

79

346

0

0

364

18

-

-

27

69

-

40

286

0

-

48

Cash and cash equivalents

20

12

12

5

12

6

4

5

11

9

11

13

15

11

8

22

23

23

21

22

40

15

8

23

62

130

7

5

16

19

68

14

17

12

40

42

12

78

262

13

11

Restricted cash

0

1

1

1

1

1

1

2

2

2

1

1

1

6

10

11

9

13

12

13

13

10

9

11

107

9

7

10

10

13

19

19

21

19

23

23

24

20

19

23

17

Rents and other receivables

64

65

69

65

73

63

74

73

71

69

73

72

69

64

62

58

63

62

62

61

60

59

58

55

52

48

48

60

59

46

57

57

54

53

52

56

53

44

56

53

49

Prepaid expenses and other assets

84

95

106

113

116

123

145

142

148

125

126

121

108

103

100

99

118

109

122

117

117

115

116

112

109

105

110

108

109

107

120

115

114

120

125

103

108

92

106

98

95

Other assets related to properties held for sale

6

6

0

16

-

18

0

0

2

10

0

0

-

0

-

5

-

-

0

-

-

-

0

0

0

4

18

0

0

19

0

-

-

1

3

-

17

27

0

-

4

Total assets

2,622

2,628

2,675

2,818

2,408

2,417

2,416

2,409

2,518

2,359

2,384

2,388

2,254

2,253

2,250

2,306

2,185

2,191

2,228

2,090

2,123

2,108

2,059

2,060

2,075

1,975

2,088

2,080

2,096

2,124

2,198

2,153

2,116

2,120

2,236

2,187

2,216

2,167

2,310

2,066

2,045

Liabilities
Notes payable, net

997

996

996

1,445

995

995

995

994

994

894

894

893

893

843

744

743

743

743

747

597

747

743

747

746

746

846

846

846

846

906

906

607

657

657

657

659

753

753

930

689

688

Mortgage notes payable, net

0

47

47

47

58

48

60

93

93

95

96

96

97

148

251

252

333

418

419

419

419

417

413

406

404

294

290

312

312

319

398

425

426

423

428

378

379

361

381

403

383

Line of credit

148

56

211

218

228

188

183

169

260

166

189

228

123

120

125

269

215

105

195

185

30

50

5

0

0

0

85

75

70

0

0

221

109

99

193

245

160

100

100

107

128

Accounts payable and other liabilities

98

71

75

62

67

57

63

57

64

61

66

60

50

46

54

52

56

45

54

50

65

54

64

59

56

51

57

51

57

50

54

54

57

51

55

57

60

49

54

54

52

Dividend payable

0

24

0

0

0

24

0

0

0

23

0

0

0

22

0

0

0

20

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance rents

8

9

9

8

10

9

10

12

12

12

10

11

11

11

10

10

11

12

10

13

14

12

12

13

14

13

11

14

15

12

13

15

15

13

13

13

12

11

10

10

10

Tenant security deposits

10

10

10

10

10

9

9

9

9

9

9

9

9

8

8

8

9

9

9

9

8

8

8

8

8

7

7

9

9

7

9

9

8

8

8

9

10

7

9

9

9

Other liabilities related to properties held for sale

0

0

0

14

-

15

0

0

2

1

0

0

-

0

-

2

-

-

0

-

-

-

0

0

0

1

31

0

0

32

4

-

-

4

19

-

0

23

0

-

23

Total liabilities

1,264

1,216

1,350

1,807

1,370

1,348

1,322

1,336

1,437

1,264

1,266

1,300

1,185

1,201

1,194

1,338

1,369

1,354

1,436

1,275

1,285

1,286

1,250

1,235

1,231

1,216

1,330

1,309

1,311

1,328

1,387

1,333

1,274

1,257

1,376

1,364

1,376

1,307

1,486

1,274

1,296

Shareholders’ equity
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

Shares of beneficial interest, $0.01 par value; 100,000 shares authorized; 82,315 and 82,099 shares issued and outstanding, as of March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid in capital

1,596

1,592

1,539

1,532

1,529

1,526

1,526

1,488

1,485

1,483

1,487

1,435

1,400

1,368

1,368

1,338

1,193

1,193

1,192

1,191

1,191

1,184

1,153

1,152

1,151

1,151

1,148

1,147

1,146

1,145

1,143

1,142

1,141

1,138

1,136

1,133

1,130

1,127

1,074

1,020

944

Distributions in excess of net income

206

183

212

-521

-498

469

-450

-432

-419

-399

-377

-357

-342

-326

-309

-366

-376

-357

-399

-379

-356

-365

-347

-331

-312

-396

-395

-381

-366

-354

-337

-326

-303

-280

-281

-316

-293

-269

-251

-230

-198

Accumulated other comprehensive (loss) income

-32

1

-3

-1

5

9

17

15

13

9

6

6

8

7

-4

-5

-4

-0

-2

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-1

-1

-1

-1

-1

Total shareholders’ equity

1,357

1,411

1,323

1,010

1,037

1,068

1,093

1,072

1,080

1,094

1,116

1,086

1,067

1,050

1,055

966

814

835

791

812

835

819

806

821

839

754

753

766

780

792

807

816

837

859

854

817

836

857

821

788

745

Noncontrolling interests in subsidiaries

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

2

2

2

2

2

4

4

4

4

4

4

3

3

3

3

5

5

3

3

3

3

3

Total equity

1,358

1,412

1,324

1,010

1,038

1,068

1,093

1,072

1,080

1,095

1,118

1,087

1,068

1,052

1,056

968

815

837

792

814

837

822

808

824

844

759

758

771

784

796

811

820

841

862

859

822

839

860

824

792

749

Total liabilities and equity

2,622

2,628

2,675

2,818

2,408

2,417

2,416

2,409

2,518

2,359

2,384

2,388

2,254

2,253

2,250

2,306

2,185

2,191

2,228

2,090

2,123

2,108

2,059

2,060

2,075

1,975

2,088

2,080

2,096

2,124

2,198

2,153

2,116

2,120

2,236

2,187

2,216

2,167

2,310

2,066

2,045