Washington Real Estate Investment Trust (WRE) shares went up 8.48% in after-hours on Friday, July 16, 2021, and closed the weekly trading at $26.74 per share. Earlier in the morning session, WRE’s stock lost 0.36% to close Friday’s session at $24.65 per share. WRE shares have risen 13.28% over the last 12 months, and they have moved up 0.94% in the past week. Over the past three months, the stock has gained 7.03%, while over the past six months, it has declined 8.88%.

Upcoming financial results announcement

Washington Real Estate Investment Trust will release second-quarter earnings results after market close on Thursday, July 29, 2021.

What is expected for Q2 2021?

the company provided a financial outlook for Q2 2021 when it announced its Q1 2021 financial results.

For Q2 2021, the company is expecting

• Net loss per diluted share to be in the range of $0.03 to 0.00 $per share.
• Real estate depreciation and amortization of $0.35
• NAREIT FFO in the range of $0.32 to $0.35 per diluted share
• Core FFO in the range of $0.32 to $0.35 per diluted share

Q1 2021 financial results announcement

On April 28, 2021, Washington Real Estate Investment Trust announced its financial results for the quarter ended March 31, 2021.

Q1 2021 financial highlights

• Washington Real Estate Investment Trust reported revenue of $69.63 million in Q1 2021 compared to $76.79 million in Q1 2020.
• Total operating expenses were $61.94 million in Q1 2021 compared to $64.7 million inQ1 2020.
• The company suffered a net loss of $1.1 million or $0.02 per diluted share in Q1 2021 compared to a net loss of $1.71 million or $0.02 per diluted share in Q1 2020.

Dividend declaration

On April 5, 2021, the Board of Trustees of WashREIT announced a quarterly dividend of $0.30 per share to be paid on July 6, 2021, to shareholders of record on June 23, 2021.

$350 Million of Green Bonds expansion

On April 21, 2021, WashREIT announced an expansion of its Green Bond Framework for eligible green projects, including eight multifamily assets acquired in 2019. As outlined in WashREIT’s Green Bond Framework, WashREIT intends to achieve BREEAM In-Use Very Good certifications for the majority of these assets.

Conclusion

There is no recent news or development about WRE at the moment which could be linked with its Friday’s performance. We hope that it will continue to perform well on Monday as well.