$ELME
Elme Communities Stock $elme

$elme Overview Financials Valuation SEC Filings Company Website

2012 Q1 Form 10-Q Financial Statement

#000010489412000052 Filed on May 07, 2012

Income Statement

Concept	2012 Q1	2011 Q1
Revenue	$75.21M	$62.59M
YoY Change	20.17%	-2.21%
Cost Of Revenue	$25.55M	$23.25M
YoY Change	9.89%	-11.16%
Gross Profit	$49.66M	$45.95M
YoY Change	8.07%	-3.02%
Gross Profit Margin	66.02%	73.41%
Selling, General & Admin	$3.610M	$3.700M
YoY Change	-2.43%	-2.12%
% of Gross Profit	7.27%	8.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$25.99M	$25.25M
YoY Change	2.95%	6.99%
% of Gross Profit	52.34%	54.95%
Operating Expenses	$29.19M	$25.60M
YoY Change	14.02%	-2.92%
Operating Profit	$20.42M	$20.36M
YoY Change	0.32%	-3.12%
Interest Expense	$15.83M	$16.89M
YoY Change	-6.29%	-200.31%
% of Operating Profit	77.52%	82.99%
Other Income/Expense, Net	-$15.59M	-$18.24M
YoY Change	-14.53%	-6388.28%
Pretax Income	$4.830M	$2.120M
YoY Change	127.83%	-51.49%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%	0.0%
Net Earnings	$5.181M	$5.181M
YoY Change	0.0%	-0.67%
Net Earnings / Revenue	6.89%	8.28%
Basic Earnings Per Share	$0.08	$0.08
Diluted Earnings Per Share	$0.08	$0.08
COMMON SHARES
Basic Shares Outstanding	66.19M shares	65.89M shares
Diluted Shares Outstanding	66.33M shares	65.91M shares

Balance Sheet

Concept	2012 Q1	2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.80M	$12.50M
YoY Change	42.4%	15.74%
Cash & Equivalents	$17.81M	$12.48M
Short-Term Investments
Other Short-Term Assets	$114.9M	$108.0M
YoY Change	6.39%	17.9%
Inventory
Prepaid Expenses
Receivables	$54.70M	$53.30M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$187.4M	$173.8M
YoY Change	7.83%	12.86%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.907B	$1.960B
YoY Change	-2.69%	8.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$21.90M	$82.40M
YoY Change	-73.42%	14.92%
Total Long-Term Assets	$1.929B	$2.042B
YoY Change	-5.55%	9.04%
TOTAL ASSETS
Total Short-Term Assets	$187.4M	$173.8M
Total Long-Term Assets	$1.929B	$2.042B
Total Assets	$2.117B	$2.216B
YoY Change	-4.5%	9.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$57.80M	$60.10M
YoY Change	-3.83%	12.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$109.0M	$160.0M
YoY Change	-31.88%	45.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$175.7M	$230.1M
YoY Change	-23.64%	33.01%
LONG-TERM LIABILITIES
Long-Term Debt	$1.084B	$1.133B
YoY Change	-4.32%	5.78%
Other Long-Term Liabilities	$15.10M	$13.20M
YoY Change	14.39%	-59.51%
Total Long-Term Liabilities	$1.099B	$1.146B
YoY Change	-4.11%	3.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$175.7M	$230.1M
Total Long-Term Liabilities	$1.099B	$1.146B
Total Liabilities	$1.275B	$1.380B
YoY Change	-7.63%	7.79%
SHAREHOLDERS EQUITY
Retained Earnings	-$303.8M
YoY Change
Common Stock	$662.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$837.9M	$836.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.117B	$2.216B
YoY Change	-4.5%	9.33%

Cashflow Statement

Concept	2012 Q1	2011 Q1
OPERATING ACTIVITIES
Net Income	$5.181M	$5.181M
YoY Change	0.0%	-0.67%
Depreciation, Depletion And Amortization	$25.99M	$25.25M
YoY Change	2.95%	6.99%
Cash From Operating Activities	$35.56M	$32.56M
YoY Change	9.21%	12.28%
INVESTING ACTIVITIES
Capital Expenditures	$10.70M	$130.7M
YoY Change	-91.81%	3634.29%
Acquisitions
YoY Change
Other Investing Activities	-$800.0K	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$11.45M	-$130.8M
YoY Change	-91.25%	3169.38%
FINANCING ACTIVITIES
Cash Dividend Paid	$28.90M	$28.59M
YoY Change	1.08%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$19.07M	$31.93M
YoY Change	-159.72%	-225.2%
NET CHANGE
Cash From Operating Activities	$35.56M	$32.56M
Cash From Investing Activities	-$11.45M	-$130.8M
Cash From Financing Activities	-$19.07M	$31.93M
Net Change In Cash	$5.044M	-$66.29M
YoY Change	-107.61%	13157.4%
FREE CASH FLOW
Cash From Operating Activities	$35.56M	$32.56M
Capital Expenditures	$10.70M	$130.7M
Free Cash Flow	$24.86M	-$98.14M
YoY Change	-125.33%	-484.86%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2011Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	53828000	USD
CY2012Q1	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	54727000	USD
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	51145000	USD
CY2012Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	57766000	USD
CY2012Q1	us-gaap	Acquisition Costs AcquisitionCosts	54000	USD
CY2011Q1	us-gaap	Acquisition Costs AcquisitionCosts	1649000	USD
CY2012Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1141062000	USD
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1138478000	USD
CY2012Q1	us-gaap	Additions To Noncurrent Assets AdditionsToNoncurrentAssets	10669000	USD
CY2011Q1	us-gaap	Additions To Noncurrent Assets AdditionsToNoncurrentAssets	3795000	USD
CY2012Q1	us-gaap	Advance Rent AdvanceRent	15065000	USD
CY2011Q4	us-gaap	Advance Rent AdvanceRent	13739000	USD
CY2012Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1400000	USD
CY2011Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1300000	USD
CY2012Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	9653000	USD
CY2011Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	8921000	USD
CY2012Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	968000	USD
CY2011Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	785000	USD
CY2012Q1	us-gaap	Assets Assets	2116546000	USD
CY2011Q4	us-gaap	Assets Assets	2120758000	USD
CY2011Q1	us-gaap	Assets Assets	2216212000	USD
CY2011Q4	us-gaap	Business Acquisition Cost Of Acquired Entity Purchase Price BusinessAcquisitionCostOfAcquiredEntityPurchasePrice	409700000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17809000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12765000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	78767000	USD
CY2011Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12480000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	12765000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	17809000	USD
CY2011Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-66287000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	5044000	USD
CY2011Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.4338
CY2012Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.4338
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66265000	shares
CY2012Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66310000	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66265000	shares
CY2012Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	66309000	shares
CY2012Q1	us-gaap	Common Stock Value CommonStockValue	662000	USD
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	662000	USD
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	5077000	USD
CY2012Q1	us-gaap	Comparability Of Prior Year Financial Data ComparabilityOfPriorYearFinancialData	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform to the current year presentation due to the reclassification of certain properties as discontinued operations (see note 3 to the consolidated financial statements).</font></div></div>
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	5181000	USD
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	5181000	USD
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	5100000	USD
CY2011Q1	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	23253000	USD
CY2012Q1	us-gaap	Cost Of Real Estate Revenue CostOfRealEstateRevenue	26013000	USD
CY2011Q1	us-gaap	Costs And Expenses CostsAndExpenses	48849000	USD
CY2012Q1	us-gaap	Costs And Expenses CostsAndExpenses	55613000	USD
CY2011Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	463238000	USD
CY2012Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	459766000	USD
CY2012Q1	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.03875
CY2012Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	25994000	USD
CY2011Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21894000	USD
CY2012Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	25994000	USD
CY2011Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	25249000	USD
CY2012Q1	us-gaap	Development In Process DevelopmentInProcess	44236000	USD
CY2011Q4	us-gaap	Development In Process DevelopmentInProcess	43089000	USD
CY2011Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	2569000	USD
CY2012Q1	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	0	USD
CY2012Q1	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	0	USD
CY2011Q1	us-gaap	Disposal Group Including Discontinued Operation Interest Expense DisposalGroupIncludingDiscontinuedOperationInterestExpense	233000	USD
CY2011Q1	us-gaap	Disposal Group Including Discontinued Operation Operating Expense DisposalGroupIncludingDiscontinuedOperationOperatingExpense	3327000	USD
CY2012Q1	us-gaap	Disposal Group Including Discontinued Operation Operating Expense DisposalGroupIncludingDiscontinuedOperationOperatingExpense	0	USD
CY2011Q1	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	10083000	USD
CY2012Q1	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	0	USD
CY2012Q1	us-gaap	Dividends Dividends	28900000	USD
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.08
CY2011Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2011Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.08
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3606000	USD
CY2011Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3702000	USD
CY2012Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2011Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	599000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	5181000	USD
CY2011Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	2119000	USD
CY2011Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.03
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.08
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.08
CY2011Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.03
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	0	USD
CY2011Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	2569000	USD
CY2011Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	2546000	USD
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	0	USD
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
CY2011Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.04
CY2011Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.04
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	4842000	USD
CY2011Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	9021000	USD
CY2012Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3953000	USD
CY2011Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	10392000	USD
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	17000	shares
CY2011Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	22000	shares
CY2011Q1	us-gaap	Interest Expense InterestExpense	16893000	USD
CY2012Q1	us-gaap	Interest Expense InterestExpense	15895000	USD
CY2012Q1	us-gaap	Interest Paid Net InterestPaidNet	12215000	USD
CY2011Q1	us-gaap	Interest Paid Net InterestPaidNet	12062000	USD
CY2011Q4	us-gaap	Land Land	472196000	USD
CY2012Q1	us-gaap	Land Land	472196000	USD
CY2011Q4	us-gaap	Liabilities Liabilities	1257926000	USD
CY2012Q1	us-gaap	Liabilities Liabilities	1274827000	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2120758000	USD
CY2012Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2116546000	USD
CY2011Q4	us-gaap	Line Of Credit LineOfCredit	99000000	USD
CY2012Q1	us-gaap	Line Of Credit LineOfCredit	109000000	USD
CY2011Q4	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	99000000	USD
CY2012Q1	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	109000000	USD
CY2011Q4	us-gaap	Minority Interest MinorityInterest	3788000	USD
CY2012Q1	us-gaap	Minority Interest MinorityInterest	3810000	USD
CY2012Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	7000	USD
CY2012Q1	us-gaap	Minority Interest Increase From Stock Issuance MinorityInterestIncreaseFromStockIssuance	29000	USD
CY2012Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">NATURE OF BUSINESS</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Washington Real Estate Investment Trust (“We” or “WRIT”), a Maryland real estate investment trust, is a self-administered, self-managed equity real estate investment trust, successor to a trust organized in 1960. Our business consists of the ownership and development of income-producing real estate properties in the greater Washington metro region. We own a diversified portfolio of office buildings, medical office buildings, multifamily buildings and retail centers.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Federal Income Taxes</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that we qualify as a real estate investment trust (“REIT”) under Sections 856-860 of the Internal Revenue Code and intend to continue to qualify as such. To maintain our status as a REIT, we are required to distribute </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90%</font><font style="font-family:inherit;font-size:10pt;"> of our ordinary taxable income to our shareholders. When selling properties, we have the option of (a) reinvesting the sales proceeds of properties sold, allowing for a deferral of income taxes on the sale, (b) paying out capital gains to the shareholders with no tax to WRIT or (c) treating the capital gains as having been distributed to the shareholders, paying the tax on the gain deemed distributed and allocating the tax paid as a credit to the shareholders.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Generally, and subject to our ongoing qualification as a REIT, no provisions for income taxes are necessary except for taxes on undistributed REIT taxable income and taxes on the income generated by our taxable REIT subsidiaries (“TRS’s”). Our TRS’s are subject to corporate federal and state income tax on their taxable income at regular statutory rates.</font></div></div>
CY2011Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	31927000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19066000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11449000	USD
CY2011Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-130775000	USD
CY2011Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	32561000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	35559000	USD
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	4665000	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	5181000	USD
CY2012Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2011Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	23000	USD
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15705000	USD
CY2011Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-18236000	USD
CY2012Q1	us-gaap	Notes Payable NotesPayable	657562000	USD
CY2011Q4	us-gaap	Notes Payable NotesPayable	657470000	USD
CY2011Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	713797000	USD
CY2012Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	694327000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	20886000	USD
CY2011Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	20355000	USD
CY2011Q1	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease	-412000	USD
CY2012Q1	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease	0	USD
CY2011Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	306000	USD
CY2012Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	244000	USD
CY2012Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	10459000	USD
CY2011Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	3690000	USD
CY2011Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	28590000	USD
CY2012Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	28900000	USD
CY2012Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	-22000	USD
CY2011Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	25000	USD
CY2012Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	210000	USD
CY2011Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	105000	USD
CY2012Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
CY2011Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	126947000	USD
CY2012Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	780000	USD
CY2011Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	33000	USD
CY2012Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2012Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2012Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2011Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2011Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2012Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2011Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2011Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	120601000	USD
CY2012Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	114859000	USD
CY2012Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	20000000	USD
CY2011Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	78000000	USD
CY2012Q1	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	1242000	USD
CY2011Q1	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	1367000	USD
CY2011Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	180000	USD
CY2012Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	23000	USD
CY2011Q1	us-gaap	Profit Loss ProfitLoss	4688000	USD
CY2012Q1	us-gaap	Profit Loss ProfitLoss	5181000	USD
CY2012Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1098000	USD
CY2011Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1341000	USD
CY2011Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	535732000	USD
CY2012Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	556833000	USD
CY2011Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2406783000	USD
CY2012Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2419826000	USD
CY2012Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1907229000	USD
CY2011Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1914140000	USD
CY2011Q4	us-gaap	Real Estate Investments RealEstateInvestments	1871051000	USD
CY2012Q1	us-gaap	Real Estate Investments RealEstateInvestments	1862993000	USD
CY2012Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	76499000	USD
CY2011Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	69204000	USD
CY2012Q1	us-gaap	Rental Properties RentalProperties	1947630000	USD
CY2011Q4	us-gaap	Rental Properties RentalProperties	1934587000	USD
CY2012Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10000000	USD
CY2011Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	18000000	USD
CY2011Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1005000	USD
CY2012Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1453000	USD
CY2012Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	21922000	USD
CY2011Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	19424000	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-280096000	USD
CY2012Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-303815000	USD
CY2011Q4	us-gaap	Secured Debt SecuredDebt	427710000	USD
CY2012Q1	us-gaap	Secured Debt SecuredDebt	426485000	USD
CY2012Q1	us-gaap	Security Deposit Liability SecurityDepositLiability	8949000	USD
CY2011Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	8862000	USD
CY2011Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1270000	USD
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1429000	USD
CY2011	us-gaap	Square Footage Of Real Estate Property SquareFootageOfRealEstateProperty	3272000
CY2012Q1	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	1242000	USD
CY2012Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1319000	USD
CY2012Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	23000	USD
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	837909000	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	859044000	USD
CY2012Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	841719000	USD
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	862832000	USD
CY2012Q1	us-gaap	Undistributed Earnings Allocated To Participating Securities UndistributedEarningsAllocatedToParticipatingSecurities	188000	USD
CY2011Q1	us-gaap	Undistributed Earnings Allocated To Participating Securities UndistributedEarningsAllocatedToParticipatingSecurities	21000	USD
CY2012Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates in the Financial Statements</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	66328000	shares
CY2011Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	65907000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	66194000	shares
CY2011Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	65885000	shares
CY2012Q1	wre	Adjusted Income From Discontinuing Operations Attributable To Controlling Interests AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests	0	USD
CY2011Q1	wre	Adjusted Income From Discontinuing Operations Attributable To Controlling Interests AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests	2521000	USD
CY2012Q1	wre	Adjusted Income Loss From Continuing Operations AdjustedIncomeLossFromContinuingOperations	4993000	USD
CY2011Q1	wre	Adjusted Income Loss From Continuing Operations AdjustedIncomeLossFromContinuingOperations	2098000	USD
CY2011Q1	wre	Adjusted Net Income Attributable To Controlling Interests Income Numerator AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator	4619000	USD
CY2012Q1	wre	Adjusted Net Income Attributable To Controlling Interests Income Numerator AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator	4993000	USD
CY2012Q1	wre	Disposal Group Including Discontinued Operation Depreciation And Amortization DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization	0	USD
CY2011Q1	wre	Disposal Group Including Discontinued Operation Depreciation And Amortization DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization	-3355000	USD
CY2011Q4	wre	Fair Value Assets Measured On Recurring Basis Supplemental Executive Retirement Program FairValueAssetsMeasuredOnRecurringBasisSupplementalExecutiveRetirementProgram	1700000	USD
CY2012Q1	wre	Fair Value Assets Measured On Recurring Basis Supplemental Executive Retirement Program FairValueAssetsMeasuredOnRecurringBasisSupplementalExecutiveRetirementProgram	2100000	USD
CY2012Q1	wre	Incremental Common Shares Attributable To Operating Partnership Units IncrementalCommonSharesAttributableToOperatingPartnershipUnits	117000	shares
CY2011Q1	wre	Incremental Common Shares Attributable To Operating Partnership Units IncrementalCommonSharesAttributableToOperatingPartnershipUnits	0	shares
CY2012Q1	wre	Number Of Reportable Segments NumberOfReportableSegments	4	segment
CY2012Q1	wre	Operating Income Loss Net OperatingIncomeLossNet	50486000	USD
CY2011Q1	wre	Operating Income Loss Net OperatingIncomeLossNet	45951000	USD
CY2011Q2	wre	Percentage Of Capital Contribution Through Debt PercentageOfCapitalContributionThroughDebt	0.70
CY2012Q1	wre	Percentage Of Distribution Of Ordinary Taxable Income PercentageOfDistributionOfOrdinaryTaxableIncome	0.90
CY2012Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2012Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
CY2012Q1	dei	Document Period End Date DocumentPeriodEndDate	2012-03-31
CY2012Q1	dei	Document Type DocumentType	10-Q
CY2012Q1	wre	Restricted Cash Fair Value RestrictedCashFairValue	21922000	USD
CY2011Q4	wre	Restricted Cash Fair Value RestrictedCashFairValue	19424000	USD
CY2012Q1	wre	Undistributed Earnings Allocated To Participating Securites Discontinued Operations UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations	0	USD
CY2011Q1	wre	Undistributed Earnings Allocated To Participating Securites Discontinued Operations UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations	25000	USD
CY2012Q1	dei	Amendment Flag AmendmentFlag	false
CY2012Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000104894
CY2012Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	66318150	shares
CY2012Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2012Q1	dei	Entity Registrant Name EntityRegistrantName	WASHINGTON REAL ESTATE INVESTMENT TRUST

Files In Submission

Name	View Source	Status
0000104894-12-000052-index-headers.html	Edgar Link	pending
0000104894-12-000052-index.html	Edgar Link	pending
0000104894-12-000052.txt	Edgar Link	pending
0000104894-12-000052-xbrl.zip	Edgar Link	pending
exhibit1038.htm	Edgar Link	pending
exhibit12-q1201210xq.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wre-20120331.xml	Edgar Link	completed
wre-20120331.xsd	Edgar Link	pending
wre-20120331_cal.xml	Edgar Link	unprocessable
wre-20120331_def.xml	Edgar Link	unprocessable
wre-20120331_lab.xml	Edgar Link	unprocessable
wre-20120331_pre.xml	Edgar Link	unprocessable
wre-3312012x10xq.htm	Edgar Link	pending
wre-3312012xexhibit311.htm	Edgar Link	pending
wre-3312012xexhibit312.htm	Edgar Link	pending
wre-3312012xexhibit313.htm	Edgar Link	pending
wre-3312012xexhibit32.htm	Edgar Link	pending

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$ELME
Elme Communities Stock $elme

2012 Q1 Form 10-Q Financial Statement

#000010489412000052 Filed on May 07, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ELME Elme Communities Stock $elme

2012 Q1 Form 10-Q Financial Statement

#000010489412000052 Filed on May 07, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ELME
Elme Communities Stock $elme