WashREIT Announces First Quarter 2021 Results
WASHINGTON, April 28, 2021 (GLOBE NEWSWIRE) Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a leading owner and operator of multifamily and commercial properties in the Washington, DC area, reported financial and operating results today for the quarter ended March 31, 2021:
Financial Results
NAREIT FFO
Core FFO was $0.34 per diluted share
First Quarter Operational Highlights
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) NOI declined 6.5% and cash NOI declined 6.0% compared to the first quarter of 2020, due to decreases in office and multifamily revenues of 7.8% and 3.8%, respectively, primarily due to the negative impact of COVID-19, as well as higher multifamily operating expenses and lower lease termination fees, partially offset by lower commercial operating expenses
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REDWOOD CITY, Calif., April 28, 2021 /PRNewswire/
Quarterly revenues increased 10% over the same quarter last year to $1.596 billion, or 7% on a normalized and constant currency basis, representing the company s 73
rd consecutive quarter of revenue growth
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SALT LAKE CITY, April 28, 2021 /PRNewswire/ Extra Space Storage Inc. (NYSE: EXR) (the Company ), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months ended March 31, 2021.
Highlights for the three months ended March 31, 2021
:
Achieved net income attributable to common stockholders of $1.53 per diluted share, representing a 84.3% increase compared to the same period in 2020.
Achieved funds from operations attributable to common stockholders and unit holders ( FFO ) of $1.50 per diluted share. FFO, excluding adjustments for non-cash interest ( Core FFO ), was $1.50 per diluted share, representing a 21.0% increase compared to the same period in 2020.