WASHINGTON REAL ESTATE INVESTMENT TRUST WRE Income Statement

Washington real estate investment trust (WRE)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenue
Real estate rental revenue
309,180	291,730	280,281	313,264	306,427	288,637	263,024	254,794	234,733	253,127	256,549	268,709
Expenses
Real estate expenses
115,580	105,592	105,400	115,013	112,234	103,695	-	-	-	-	-	-
Utilities
-	-	-	-	-	-	16,311	15,781	15,691	17,608	18,866	18,411
Real estate taxes
-	-	-	-	-	-	29,052	27,064	22,903	24,644	27,072	27,164
Repairs and maintenance
-	-	-	-	-	-	12,261	11,339	10,490	11,685	11,104	10,518
Property administration
-	-	-	-	-	-	-	9,248	8,430	8,527	8,845	9,651
Property administration and management
-	-	-	-	-	-	18,410	8,503	7,272	7,158	6,237	7,544
Operating services and common area maintenance
-	-	-	-	-	-	13,469	12,358	11,804	13,236	13,132	13,523
Other real estate expenses
-	-	-	-	-	-	3,790	2,252	3,034	1,887	4,033	3,411
Depreciation, Depletion and Amortization, Nonproduction
136,253	111,826	101,430	108,406	108,935	96,011	85,740	85,107	74,403	78,483	77,549	82,982
Business Combination, Acquisition Related Costs
-	-	-	1,178	2,056	5,710	1,265	234	3,607	1,161	788	-
General and Administrative Expense
24,370	22,089	22,580	19,545	20,123	19,644	17,535	15,488	15,728	14,406	13,118	12,110
Impairment of Real Estate
8,374	1,886	33,152	-676	5,909	0	0	-	14,526	0	0	-
Operating Lease, Indirect Costs Expensed As Incurred
1,698	0	0	-	-	-	-	-	-	-	-	-
Expenses
286,275	241,393	262,562	243,466	249,257	225,060	197,833	187,374	187,888	178,795	179,956	185,314
Other operating income
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
59,961	2,495	24,915	101,704	91,107	570	0	0	-	-	-	15,275
Real estate operating income
82,866	52,832	42,634	171,502	148,277	64,147	65,191	67,420	46,845	74,332	76,593	83,395
Other expense
Interest expense
53,734	50,501	46,793	53,126	59,546	59,785	63,573	60,627	61,402	66,965	72,694	74,095
Other Nonoperating Income (Expense)
0	0	507	297	709	825	926	975	1,144	1,193	1,205	1,073
Gain from non-disposal activities
-	-	-	-	-	-	-	-	-	7	71	17
Gain on extinguishment of debt
0	-1,178	0	0	-119	0	-2,737	0	-976	-9,176	5,336	-5,583
Income tax benefit
0	0	-84	-615	134	117	-	-	1,138	0	0	-
Total other income (expense)
-53,734	-51,679	-46,202	-52,214	-59,090	-59,077	-65,384	-59,652	-61,234	-74,941	-66,870	-78,588
Income (loss) from continuing operations
29,132	1,153	-3,568	-	-	5,070	-193	7,768	-14,389	-609	9,723	4,807
Discontinued operations:
Income from operations of properties sold or held for sale
16,158	24,477	23,180	-	-	546	15,395	10,816	23,414	16,569	17,877	7,211
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
339,024	0	0	-	-	105,985	22,144	5,124	97,491	21,599	13,348	-
Discontinued Operation, Gains (Losses) On Extinguishment Of Debt
-764	0	0	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
354,418	24,477	23,180	-	-	-	-	-	-	-	-	-
Net income (loss)
383,550	25,630	19,612	119,288	89,187	111,601	37,346	23,708	105,378	37,559	40,948	27,293
Less: Net income attributable to noncontrolling interests in subsidiaries
0	0	-56	-51	-553	-38	0	0	494	133	203	211
Undistributed Earnings Allocated to Participating Securites, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	85	-
Undistributed Earnings Allocated to Participating Securities
-	-	-	-	-	-	-	-	-	-	26	-
Net Income (Loss) Attributable to Parent
383,550	25,630	19,668	119,339	89,740	111,639	37,346	23,708	104,884	37,426	40,745	27,082
Basic net income (loss) attributable to the controlling interests per share:
Continuing operations, basic (in dollars per share)
0.36	0.01	-0.05	-	-	0.08	0.00	0.11	-0.22	-0.01	0.17	0.09
Discontinued operations, basic (in dollars per share)
4.39	0.31	0.30	-	-	1.59	0.55	0.24	1.80	0.61	0.54	0.46
Basic net income (loss) attributable to the controlling interests per common share (in dollars per share)
4.75	0.32	0.25	1.65	1.31	1.67	0.55	0.35	1.58	0.60	0.71	0.55
Diluted net income (loss) attributable to the controlling interests per share:
Continuing operations, diluted (in dollars per share)
0.36	0.01	-0.05	-	-	0.08	0.00	0.11	-0.22	-0.01	0.17	0.09
Discontinued operations, diluted (in dollars per share)
4.39	0.31	0.30	-	-	1.59	0.55	0.24	1.80	0.61	0.54	0.46
Diluted net income (loss) attributable to the controlling interests per common share (in dollars per share)
4.75	0.32	0.25	1.65	1.31	1.67	0.55	0.35	1.58	0.60	0.71	0.55
Weighted average shares outstanding - basic (in shares)
80,257	78,960	76,820	72,163	68,177	66,795	66,580	66,239	65,982	62,140	56,894	49,138
Weighted average shares outstanding - diluted (in shares)
80,335	79,042	76,820	72,339	68,310	66,837	66,580	66,376	65,982	62,140	56,968	49,217
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	1.73	1.73	1.72