WASHINGTON REAL ESTATE INVESTMENT TRUST WRE Income Statement

Washington real estate investment trust (WRE)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Real estate rental revenue
314,538	309,180	289,017	279,759	278,283	291,730	267,731	279,549	287,661	280,281	320,728	317,679	313,628	313,264	315,414	313,887	308,708	306,427	301,684	296,854	294,882	288,637	280,999	273,414	267,075	263,024	235,822	234,465	244,140	254,794	238,570	244,649	240,743	234,733	253,580	248,062	248,780	253,127	285,972	296,536	0	0	0
Expenses
Real estate expenses
118,076	115,580	107,753	103,049	101,834	105,592	102,008	105,666	107,438	105,400	115,140	114,658	114,142	115,013	113,761	112,706	111,760	112,234	110,457	108,262	106,561	103,695	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Depreciation, Depletion and Amortization, Nonproduction
138,916	136,253	123,795	114,406	108,914	111,826	103,631	103,621	105,330	101,430	109,573	112,537	108,437	108,406	110,912	109,356	109,698	108,935	104,630	99,635	98,533	96,011	93,920	90,734	87,370	85,740	75,944	76,458	80,648	85,107	79,366	80,792	78,091	74,403	80,480	77,596	77,790	78,483	89,015	91,969	0	0	0
Business Combination, Acquisition Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	1,178	1,297	2,226	2,194	2,056	2,600	1,740	2,681	5,710	5,864	5,943	4,097	1,265	538	226	393	234	180	1,944	2,012	3,607	4,280	2,668	2,755	1,161	0	0	0	-	-
Casualty gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and Administrative Expense
22,900	24,370	24,247	23,469	24,075	22,089	22,605	22,665	22,775	22,580	21,239	20,451	19,660	19,545	19,872	20,244	19,554	20,123	21,133	20,745	21,295	19,644	19,598	18,925	18,102	17,535	16,262	15,585	15,744	15,488	15,083	15,747	15,632	15,728	15,551	14,855	14,325	14,406	13,961	14,195	0	0	0
Impairment of Real Estate
0	8,374	8,374	8,374	8,374	1,886	30,038	35,038	35,038	33,152	5,000	-676	0	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Indirect Costs Expensed As Incurred
-	-	1,286	870	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenses
281,590	286,275	265,077	249,790	243,197	241,393	258,282	266,990	270,581	262,562	250,952	247,646	242,587	243,466	245,166	243,856	249,115	249,257	244,729	236,291	229,070	225,060	220,992	214,541	206,650	197,833	175,645	174,454	180,333	187,374	192,928	197,812	193,832	187,888	183,217	176,392	175,105	178,795	199,802	206,156	0	0	0
Other operating income
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	91,107	31,731	31,731	30,847	570	570	570	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate operating income
92,909	82,866	22,894	28,923	37,581	52,832	36,859	39,969	41,995	42,634	69,776	147,625	172,745	171,502	231,328	153,519	120,423	148,277	88,686	92,294	96,659	64,147	60,577	59,443	60,425	65,191	60,177	60,011	63,807	67,420	45,642	46,837	46,911	46,845	70,363	71,670	73,675	74,332	86,170	90,380	0	0	0
Other expense
Interest expense
52,083	53,734	54,122	52,266	50,170	50,501	49,484	49,318	48,215	46,793	47,407	48,404	50,171	53,126	56,365	57,678	58,558	59,546	59,717	60,318	60,603	59,785	60,231	61,074	61,913	63,573	62,384	61,340	60,986	60,627	57,388	58,945	60,340	61,402	66,826	67,100	67,020	66,965	68,564	71,163	0	0	0
Other Nonoperating Income (Expense)
-	-	-	-	-	-	-	-	-	507	301	300	335	297	367	447	556	709	738	767	794	825	855	883	910	926	947	964	970	975	991	1,024	1,082	1,144	1,204	1,223	1,210	1,193	821	530	0	0	0
Gain from non-disposal activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Gain on extinguishment of debt
468	0	0	0	0	-1,178	-1,178	-1,178	-1,178	0	0	0	0	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,176	-413	1,044	0	0	0
Income tax benefit
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Total other income (expense)
-55,853	-53,734	-25,418	-27,274	-25,178	-51,679	-25,703	-50,137	-48,879	-46,202	-47,075	-48,075	-49,221	-52,214	-55,371	-56,644	-58,255	-59,090	-59,285	-59,815	-59,926	-59,077	-62,113	-62,928	-63,740	-65,384	-61,437	-60,376	-60,016	-59,652	-55,724	-57,248	-58,585	-61,234	-75,700	-76,189	-76,531	-74,941	-68,554	-69,991	0	0	0
Income (loss) from continuing operations
41,294	29,132	-25,613	-12,618	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	5,070	-1,536	-3,485	-3,315	-193	-1,260	-365	3,791	7,768	-10,082	-10,411	-11,674	-14,389	-5,337	-4,519	-2,856	-609	17,616	20,389	0	0	0
Discontinued operations:
Income from operations of properties sold or held for sale
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	546	4,802	8,933	12,658	15,395	18,061	17,163	13,752	10,816	17,354	18,208	21,192	23,414	21,074	20,552	18,239	16,569	5,842	2,879	0	0	0
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105,985	124,934	124,934	125,222	22,144	4,595	8,319	8,319	5,124	60,363	0	0	-	0	-	-	-	-	0	-	0	0
Discontinued Operation, Gains (Losses) On Extinguishment Of Debt
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Net income (loss)
389,674	383,550	335,040	8,163	17,926	25,630	22,279	19,199	16,296	19,612	22,701	99,550	123,524	119,288	175,957	96,875	62,168	89,187	29,401	32,479	36,445	111,601	128,200	130,382	134,565	37,346	21,396	25,117	25,862	23,708	51,848	105,323	105,871	105,378	84,895	28,517	36,982	37,559	36,547	43,031	0	0	0
Less: Net income attributable to noncontrolling interests in subsidiaries
0	0	0	0	0	0	0	-20	-37	-56	-75	-67	-65	-51	-70	-125	-450	-553	-536	-479	-146	-38	-17	-7	0	0	0	0	0	-	0	0	-	494	109	114	107	133	162	181	0	0	0
Net Income (Loss) Attributable to Parent
389,674	383,550	335,040	8,163	17,926	25,630	22,279	19,219	16,333	19,668	22,776	99,617	123,589	119,339	176,027	97,000	62,618	89,740	29,937	32,958	36,591	111,639	115,149	116,744	0	-	0	0	-	-	-	-	-	104,884	84,786	28,403	36,875	37,426	36,385	42,850	0	0	0
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