Washington real estate investment trust (WRE)
Income statement / Quarterly
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'10Mar'10Sep'09Jun'09
Revenue
Real estate rental revenue

76,792

80,667

80,259

76,820

71,434

60,504

71,001

75,344

84,881

36,505

82,819

83,456

77,501

76,952

79,770

79,405

77,137

79,102

78,243

74,226

74,856

74,359

73,413

72,254

68,611

66,721

65,828

65,915

64,560

39,519

64,471

75,590

75,214

23,295

70,550

71,684

69,204

42,142

65,032

72,402

73,551

74,987

75,596

Expenses
Real estate expenses

28,639

30,611

30,692

28,134

26,143

22,784

25,988

26,919

29,901

19,200

29,646

28,691

27,863

28,940

29,164

28,175

28,734

27,688

28,109

27,229

29,208

25,911

25,914

25,528

26,342

-

23,243

23,670

22,554

-

22,527

25,033

25,551

-

23,557

23,801

23,253

-

21,912

23,172

26,169

25,573

25,078

Depreciation, Depletion and Amortization, Nonproduction

29,720

38,812

37,340

33,044

27,057

26,354

27,951

27,552

29,969

18,159

27,941

29,261

26,069

26,302

30,905

25,161

26,038

28,808

29,349

25,503

25,275

24,503

24,354

24,401

22,753

22,412

21,168

21,037

21,123

12,616

21,682

25,227

25,582

6,875

23,108

22,526

21,894

12,952

20,224

22,720

22,587

23,484

23,178

Business Combination, Acquisition Related Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,024

154

119

929

992

16

663

69

1,933

3,045

817

148

87

213

90

-164

254

54

36

1,600

322

1,649

709

-12

409

55

-

-

Casualty gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and Administrative Expense

6,337

5,475

6,045

5,043

7,807

5,352

5,267

5,649

5,821

5,868

5,327

5,759

5,626

4,527

4,539

4,968

5,511

4,854

4,911

4,278

6,080

5,864

4,523

4,828

4,429

5,818

3,850

4,005

3,862

4,545

3,173

4,164

3,606

4,140

3,837

4,049

3,702

3,963

3,141

3,519

3,783

3,518

3,375

Impairment of Real Estate

0

0

0

0

8,374

0

0

0

1,886

28,152

5,000

0

0

-

0

-676

-

-

0

5,909

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Indirect Costs Expensed As Incurred

-

-

416

492

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses

64,696

75,688

74,493

66,713

69,381

54,490

59,206

60,120

67,577

71,379

67,914

63,711

59,558

59,769

64,608

58,652

60,437

61,469

63,298

63,911

60,579

56,941

54,860

56,690

56,569

52,873

48,409

48,799

47,752

30,685

47,218

54,678

54,793

36,239

52,102

50,698

48,849

31,568

45,277

49,411

52,539

52,575

51,631

Other operating income
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

-

0

-1,046

-

-

0

2,495

-

-

0

0

-

-

77,592

24,112

-

59,376

0

1,454

30,277

0

0

570

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate operating income

12,096

65,986

5,766

9,061

2,053

6,014

11,795

17,719

17,304

-9,959

14,905

19,745

17,943

17,183

92,754

44,865

16,700

77,009

14,945

11,769

44,554

17,418

18,553

16,134

12,042

13,848

17,419

17,116

16,808

8,834

17,253

20,912

20,421

-12,944

18,448

20,986

20,355

10,574

19,755

22,991

21,012

22,412

23,965

Other expense
Interest expense

10,845

11,788

14,198

15,252

12,496

12,176

12,342

13,156

12,827

11,159

12,176

12,053

11,405

11,773

13,173

13,820

14,360

15,012

14,486

14,700

15,348

15,183

15,087

14,985

14,530

15,629

15,930

15,824

16,190

14,440

14,886

15,470

15,831

11,201

16,443

16,865

16,893

16,625

16,717

16,785

16,838

18,224

19,316

Other Nonoperating Income (Expense)

-

-

-

-

-

-

-

-

-

298

84

48

77

92

83

83

39

162

163

192

192

191

192

219

223

221

220

246

239

242

237

252

244

258

270

310

306

318

289

297

289

-54

-2

Gain from non-disposal activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-62

-

Gain on extinguishment of debt

468

0

0

0

0

0

0

0

-1,178

0

0

0

0

-

-

-

-

-

0

-119

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,896

-238

0

-42

-133

1,219

Income tax benefit

-

-

-

-

-

-

-

-

-

-

0

-107

-

-

2

-693

-

-

42

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

1,173

-

-

-

-

-

-

-

Total other income (expense)

10,377

-65,176

14,198

-15,252

12,496

-36,860

12,342

-13,156

-14,005

-10,884

-12,092

-11,898

-11,328

-11,757

-13,092

-13,044

-14,321

-14,914

-14,365

-14,655

-15,156

-15,109

-14,895

-14,766

-14,307

-18,145

-15,710

-15,578

-15,951

-14,198

-14,649

-15,218

-15,587

-10,270

-16,173

-16,555

-18,236

-24,736

-16,662

-16,897

-16,646

-18,349

-18,099

Income (loss) from continuing operations

1,719

54,198

-8,432

-6,191

-10,443

-

-547

4,563

-

-

-

-

-

-

-

-

-

-

-

-

-

2,309

3,658

1,368

-2,265

-4,297

1,709

1,538

857

-5,364

2,604

5,694

4,834

-23,214

2,275

4,431

2,119

-14,162

3,093

6,094

4,366

4,063

5,866

Discontinued operations:
Income from operations of properties sold or held for sale

-

-

2,942

7,178

-

-

6,440

6,187

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

546

4,256

4,131

3,725

3,283

6,922

3,233

314

347

13,460

4,087

3,298

2,569

11,120

3,565

985

899

393

602

Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax

-

-

339,024

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-288

106,273

18,949

0

0

3,195

1,400

3,724

0

0

-

56,639

-

-

-

-

7,942

-

5,147

6,674

Discontinued Operation, Gains (Losses) On Extinguishment Of Debt

-

-

-764

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

0

-

341,202

-

6,038

-

6,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,565

8,927

-

-

-

Net income (loss)

1,719

54,198

332,770

987

-4,405

5,688

5,893

10,750

3,299

2,337

2,813

7,847

6,615

5,426

79,662

31,821

2,379

62,095

580

-2,886

29,398

2,309

3,658

1,080

104,554

18,908

5,840

5,263

7,335

2,958

9,561

6,008

5,181

31,098

63,036

6,556

4,688

10,615

6,658

15,021

5,265

9,603

13,142

Less: Net income attributable to noncontrolling interests in subsidiaries

0

0

0

0

0

0

0

0

0

0

-20

-17

-19

-19

-12

-15

-5

-38

-67

-340

-108

-21

-10

-7

0

0

0

0

0

-

0

0

-

409

28

34

23

24

33

27

49

53

52

Net Income (Loss) Attributable to Parent

1,719

54,198

332,770

987

-4,405

5,688

5,893

10,750

3,299

2,337

2,833

7,864

6,634

5,445

79,674

31,836

2,384

62,133

647

-2,546

29,506

2,330

3,668

1,087

104,554

-

5,840

5,263

-

-

-

-

-

30,689

63,008

6,522

4,665

10,591

6,625

14,994

5,216

9,550

13,090

Basic net income (loss) attributable to the controlling interests per share:
Continuing operations, basic (in dollars per share)

0.02

0.67

-0.10

-0.08

-0.13

-

-0.01

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.05

0.02

-0.04

-0.06

0.03

0.02

0.01

-0.08

0.04

0.08

0.07

-0.35

0.03

0.07

0.03

-0.23

0.05

0.10

0.07

0.07

0.10

Discontinued operations, basic (in dollars per share)

0.00

-0.02

4.24

0.09

0.08

-

0.08

0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

0.00

1.60

0.33

0.06

0.06

0.10

0.12

0.10

0.01

0.01

0.81

0.92

0.03

0.04

0.39

0.06

0.14

0.02

0.09

0.13

Basic net income (loss) attributable to the controlling interests per common share (in dollars per share)

0.02

0.66

4.14

0.01

-0.06

0.07

0.07

0.14

0.04

0.02

0.04

0.10

0.09

0.11

1.07

0.44

0.03

0.91

0.01

-0.04

0.43

0.04

0.05

0.02

1.56

0.27

0.09

0.08

0.11

0.04

0.14

0.09

0.08

0.46

0.95

0.10

0.07

0.16

0.11

0.24

0.09

0.16

0.23

Diluted net income (loss) attributable to the controlling interests per share:
Continuing operations, diluted (in dollars per share)

0.02

0.67

-0.10

-0.08

-0.13

-

-0.01

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

0.05

0.02

-0.04

-0.06

0.03

0.02

0.01

-0.08

0.04

0.08

0.07

-0.35

0.03

0.07

0.03

-0.23

0.05

0.10

0.07

0.07

0.10

Discontinued operations, diluted (in dollars per share)

0.00

-0.02

4.24

0.09

0.08

-

0.08

0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

0.00

1.60

0.33

0.06

0.06

0.10

0.12

0.10

0.01

0.01

0.81

0.92

0.03

0.04

0.40

0.05

0.14

0.02

0.09

0.13

Diluted net income (loss) attributable to the controlling interests per common share (in dollars per share)

0.02

0.66

4.14

0.01

-0.06

0.08

0.07

0.13

0.04

0.02

0.04

0.10

0.09

0.11

1.07

0.44

0.03

0.91

0.01

-0.04

0.43

0.04

0.05

0.02

1.56

0.27

0.09

0.08

0.11

0.04

0.14

0.09

0.08

0.46

0.95

0.10

0.07

0.17

0.10

0.24

0.09

0.16

0.23

Weighted average shares outstanding - basic (in shares)

82,086

81,232

79,981

79,934

79,881

79,761

79,076

78,520

78,483

78,430

77,291

76,705

74,854

74,638

73,994

71,719

68,301

68,205

68,186

68,176

68,141

67,009

66,738

66,732

66,701

67,112

66,410

66,405

66,393

66,275

66,246

66,241

66,194

66,072

66,017

65,954

65,885

64,597

62,894

61,171

59,898

58,556

56,276

Weighted average shares outstanding - diluted (in shares)

82,287

81,544

79,981

79,934

79,881

79,929

79,076

78,616

78,547

78,061

77,423

76,830

74,966

74,823

74,133

71,912

68,488

68,568

68,305

68,176

68,191

67,096

66,790

66,761

66,701

66,684

66,561

66,556

66,519

66,417

66,379

66,380

66,328

65,968

66,064

65,989

65,907

64,217

63,055

61,287

60,001

58,571

56,277

Dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.30

0.43

0.43

-

0.43

0.43

0.43

0.00

0.43

0.43

0.43

0.43

0.43