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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:33 EDTWREWashington REIT acquires apartment building in Mount Vernon Triangle for $73M
Washington Real Estate Investment Trust announced it has acquired Yale West, a Class A, 216 unit apartment building in the Mount Vernon Triangle neighborhood of Washington, D.C. for $73M. The purchase price values the units at approximately $338,000 per unit, based on an average unit size of 800 square feet. WRIT assumed a $48.2M 5.55% mortgage maturing on January 1, 2052 with optional prepayment ability beginning January 1, 2015. The balance of the purchase price was funded with available proceeds from the recent medical office portfolio sale.
News For WRE From The Last 14 Days
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February 19, 2015
17:37 EDTWREWashington REIT sees FY15 core FFO $1.66-$1.74, consensus $1.69
FY15 same-store NOI growth is projected to range from 0%-2%, with same-store occupancy improving modestly. FY15 same-store office NOI growth is projected to range from 0%-2% excluding the redevelopment project at Silverline Center. FY15 same-store multifamily NOI growth is projected to range from 0%-1%. The Maxwell development is expected to contribute NOI of 2c-3c per share. FY15 same-store retail NOI growth is projected to range from 1%-3%.
17:34 EDTWREWashington REIT reports Q4 FFO 43c, consensus 41c
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