Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

WASHINGTON REAL ESTATE INVESTMENT TRUST

(WRE)
  Report
Delayed Nyse  -  04:00 2022-10-03 pm EDT
17.63 USD   +0.40%
09/27Washington Real Estate Investment Trust : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
09/27Washington Real Estate Investment Trust Maintains 2022 Core Funds From Operations Guidance; Issues 2023 Outlook
MT
09/27WashREIT Issues 2023 Guidance and Provides Operating Update
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Washington Real Estate Investment Trust : Investor Presentation - June

06/06/2022 | 07:32am EDT

Investor Presentation

June 2022

2

DISCLOSURES

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of WashREIT, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities law of any such jurisdiction. If WashREIT were to conduct an offering of securities in the future, it will be made under an effective registration statement filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus. In such an event, a copy of the prospectus and the applicable preliminary prospectus supplement and final prospectus supplement, as well as the final term sheet, if applicable, relating to such transaction will be able to be obtained from the Securities and Exchange Commission at www.sec.gov, from any underwriters in that offering, or by contacting WashREIT at 202-774-3200. Before you invest in any such offering, you should read the applicable prospectus supplement related to such offering, the accompanying prospectus and the information incorporated by reference therein and other documents WashREIT has then filed with the Securities and Exchange Commission for more complete information about WashREIT and any such offering.

Forward-Looking Statements

Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "assumed," "pro forma," "target," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of WashREIT to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. Additional factors which may cause the actual results, performance, or achievements of WashREIT to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements include, but are not limited to the risks associated with the failure to enter into and/or complete contemplated acquisitions or dispositions within the price ranges anticipated and on the terms and timing anticipated, or at all; our ability to execute on our strategies, including new strategies with respect to our operations and our portfolio, including the acquisition of multifamily properties in the Southeastern markets, on terms anticipated, or at all, and to realize any anticipated benefits, including the performance of any acquired multifamily properties at the levels anticipated; our ability to achieve our anticipated NOI growth and to capture outsized market rent growth; whether our actual 2022 and 2023 NOI for Trove will be consistent with our expected NOI for Trove; the risks associated with the ownership of real estate in general and our real estate assets in particular; the economic health of the greater Washington, DC metro region and the larger Southeastern region; changes in the composition and geographic location of our portfolio; fluctuations in interest rates; reductions in or actual or threatened changes to the timing of federal government spending; the risks related to use of third-party providers; the economic health of our residents and tenants; the ultimate duration of the COVID-19 global pandemic, including any mutations thereof, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, the effectiveness and willingness of people to take COVID-19 vaccines, and the duration of associated immunity and efficacy of the vaccines against emerging variants of COVID-19; the availability and terms of financing and capital and the general volatility of securities markets; compliance with applicable laws, including those concerning the environment and access by persons with disabilities; the risks related to not having adequate insurance to cover potential losses; the risks related to our organizational structure and limitations of stock ownership; changes in the market value of securities; terrorist attacks or actions and/or cyber-attacks; failure to qualify and maintain our qualification as a REIT and the risks of changes in laws affecting REITs; and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2021 Form 10-K filed on February 18, 2022. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We undertake no obligation to update our forward-looking statements or risk factors to reflect new information, future events, or otherwise.

Use of Non-GAAP Financial Measures and other Definitions

This presentation contains certain non-GAAP financial measures and other terms that have particular definitions when used by us. The definitions and calculations of these non-GAAP financial measures and other terms may differ from those used by other REITs and, accordingly, may not be comparable. Please refer to the definitions and calculations of these terms and the reasons for their use, and reconciliations to the most directly comparable GAAP measures included later in this investor presentation.

Definitions and Reconciliation of Certain Forward-LookingNon-GAAP information

This presentation also includes certain forward-lookingnon-GAAP information. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these estimates, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable efforts.

Strategic Transactions

As discussed in greater detail under the "Forward-Looking Statements" above, there is no assurance that we will execute the transactions and strategies described in this presentation, including the redeployment of proceeds into additional multifamily assets, on the terms and timing anticipated, or at all.

Market Data

Market data and industry forecasts are used in this presentation, including data obtained from publicly available sources. These sources generally state that the information they provide has been obtained from sources believed to be reliable, but the accuracy and completeness of the information is not assured. The Company has not independently verified any such information.

WASHREIT washreit.com

3

WHY INVEST IN WASHREIT

WashREIT's earnings momentum is building as Southeast acquisitions and historically high

rent growth establish a higher baseline NOI level to grow from

With a transformed operating platform and scalable G&A expense base, we expect to deliver improved operating leverage as our portfolio grows

WashREIT offers a compelling value proposition,

with the opportunity to participate in value creation as we earn a lower implied cap rate

WASHREIT washreit.com

4

VALUE PROPOSITION: WE ARE WHAT WE DO

WashREIT targets mid-market renters in Southeast markets that are positioned for long-term outperformance. With the strongest growth tailwinds in recent history, a scalable operating platform, and an investment-grade balance sheet, we expect to earn a lower implied cap rate as we grow and expand our geographic footprint

Research-led

Growing

Outperforming

Capital Allocation

Southeast Footprint

Washington Metro

Investment strategy targets deepest

Expanding into Southeast markets and

Same-store portfolio is positioned to

segments of demand curve in

generating double-digit NOI growth on new

deliver historically strong rental rate

outperforming markets

acquisitions with strong long-term

growth through 2023

demographic tailwinds

Retail

MD

Investment Grade

3k Unit

Scalable

Renovation Pipeline

Operating Platform

Balance Sheet

Opportunity to renovate and generate

Infrastructure transformation is

Full revolver capacity of $700 million

mid-teen cash on cash returns based

ongoing and will yield significant

and no scheduled maturities until

on rent gap between Class B units

operational benefits and efficiencies.

July 2023

and Class A in same submarket

Existing G&A expense base supports

a doubling of our unit count.

WASHREIT washreit.com

TRANSFORMATION UPDATE

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Washington Real Estate Investment Trust published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 11:31:07 UTC.


© Publicnow 2022
All news about WASHINGTON REAL ESTATE INVESTMENT TRUST
09/27Washington Real Estate Investment Tr : Regulation FD Disclosure, Financial Statements and ..
AQ
09/27Washington Real Estate Investment Trust Maintains 2022 Core Funds From Operations Guida..
MT
09/27WashREIT Issues 2023 Guidance and Provides Operating Update
AQ
09/27Washington Real Estate Investment Trust Provides Earnings Guidance for the Fiscal Years..
CI
09/20WASHINGTON REAL ESTATE INVESTMENT TRUST : Ex-divide..
FA
09/19WashREIT to Release Third Quarter 2022 Results on Thursday, October 27th
AQ
07/29Washington Real Estate Investment Tr : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL C..
AQ
07/29Washington Real Estate to Seek Acquisitions
CI
07/29Transcript : Washington Real Estate Investment Trust, Q2 2022 Earnings Call, ..
CI
07/29Washington Real Estate Investment Trust's Q2 Core FFO Declines, Revenue Rises; Updates ..
MT
More news
Analyst Recommendations on WASHINGTON REAL ESTATE INVESTMENT TRUST
More recommendations
Financials (USD)
Sales 2022 209 M - -
Net income 2022 -27,6 M - -
Net Debt 2022 649 M - -
P/E ratio 2022 -67,1x
Yield 2022 3,86%
Capitalization 1 541 M 1 541 M -
EV / Sales 2022 10,5x
EV / Sales 2023 9,40x
Nbr of Employees 53
Free-Float 98,9%
Chart WASHINGTON REAL ESTATE INVESTMENT TRUST
Duration : Period :
Washington Real Estate Investment Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WASHINGTON REAL ESTATE INVESTMENT TRUST
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 17,63 $
Average target price 22,80 $
Spread / Average Target 29,3%
EPS Revisions
Managers and Directors
Paul T. McDermott Chairman, President & Chief Executive Officer
Stephen Edward Riffee Chief Financial Officer & Executive Vice President
Grant Montgomery Vice President-Research
Susan Lilly Gerock Chief Information Officer & Senior Vice President
Andrew E. Leahy Vice President-Investments
Sector and Competitors