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Washington REIT to sell all of its DC office and retail buildings

Washington REIT to sell all of its DC office and retail buildings
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Shouk Will Bring Its Beloved, Veggie-Stuffed Pitas to Maryland With Two New Stores

Shouk Will Bring Its Beloved, Veggie-Stuffed Pitas to Maryland With Two New Stores
Plus, Bloomingdale’s Tyber Creek will be replaced with a new wine-centric restaurant
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Shouk, the Israeli fast-casual known for its vegan street snacks and one of D.C.’s favorite veggie burgers, will double its footprint this fall with the opening of two new locations in Rockville and Bethesda. The 2,000-square-foot, 20-seat Rockville outpost at Montrose Shopping Center will offer takeout, delivery, and on-site dining. Shouk Bethesda will operate as Shouk’s first carryout-only location while the Westwood Shopping Center is redeveloped and a permanent pad is built. Shouk got its start in D.C.’s Mount Vernon Triangle in 2016 and expanded to the Union Market district in 2018. Its pandemic-era “hood drops” across the DMV proved market demand from Montgomery County customers, notes CEO Ran Nussbacher. ....

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WashREIT Announces First Quarter 2021 Results

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
3
) 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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WashREIT Announces First Quarter 2021 Results

WashREIT Announces First Quarter 2021 Results
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