Thursday July 24, 4:21 pm ET ROCKVILLE, Md.--(BUSINESS WIRE)--Washington Real Estate Investment Trust (WRIT) (NYSE:WRE - News) reported financial and operating results today for the quarter ending June 30, 2008: Net income for the quarter ending June 30, 2008 was $0.44 per diluted share, compared to $0.18 per diluted share in the same period one year ago. Net income this quarter included a $15.3 million gain on disposed assets, related to the sale of Sullyfield Commerce Center and The Earhart Building. Net income in the second quarter 2007 included $2 million of non-recurring administrative charges. Second quarter 2008 core net operating income increased 1.3% and core occupancy increased 30 bps to 94.8% compared to the same period one year ago. Rent increases on commercial lease rollovers in second quarter 2008 were 18.0%....
[read full story]
Your Web Site
