Washington Reit (WRE) got here out with quarterly funds from operations (FFO) of $0.41 per share, i
Washington Reit (WRE) got here out with quarterly funds from operations (FFO) of $0.41 per share, in keeping with the Zacks Consensus Estimate. This compares to FFO of $0.45 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this actual property funding belief would submit FFO of $0.45 per share when it really produced FFO of $0.47, delivering a shock of 4.44%.
Over the past 4 quarters, the corporate has surpassed consensus FFO estimates simply as soon as.
Washington Reit, which belongs to the Zacks REIT and Fairness Belief – Different trade, posted revenues of $80.26 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $82.50 million. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future FFO expectations will…