2013 Q4 Form 10-Q Financial Statement

#000010489413000092 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $66.72M $65.83M $64.47M
YoY Change 3.19% 2.1% -8.62%
Cost Of Revenue $23.83M $23.24M $22.53M
YoY Change 9.66% 3.15% -4.37%
Gross Profit $42.90M $42.59M $41.94M
YoY Change -0.09% 1.55% -10.75%
Gross Profit Margin 64.3% 64.7% 65.05%
Selling, General & Admin $5.820M $3.850M $3.170M
YoY Change 27.91% 21.45% -17.45%
% of Gross Profit 13.57% 9.04% 7.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.40M $24.40M $26.20M
YoY Change -14.18% -6.87% 7.38%
% of Gross Profit 52.21% 57.29% 62.47%
Operating Expenses $28.23M $48.41M $24.85M
YoY Change 8.37% 94.8% -7.76%
Operating Profit $14.67M $17.42M $17.25M
YoY Change -13.14% 0.96% -6.48%
Interest Expense -$15.63M $15.93M $14.89M
YoY Change -6.07% 7.01% -9.47%
% of Operating Profit -106.54% 91.45% 86.28%
Other Income/Expense, Net $220.0K -$15.71M -$14.65M
YoY Change -8.33% 7.24% -9.42%
Pretax Income -$4.300M $1.710M $2.600M
YoY Change -1231.58% -34.23% 14.04%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $18.91M $5.840M $9.561M
YoY Change 539.22% -38.92% -84.83%
Net Earnings / Revenue 28.34% 8.87% 14.83%
Basic Earnings Per Share $0.28 $0.09 $0.14
Diluted Earnings Per Share $0.28 $0.09 $0.14
COMMON SHARES
Basic Shares Outstanding 66.52M shares 66.41M shares 66.25M shares
Diluted Shares Outstanding 66.56M shares 66.38M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.3M $7.900M $68.40M
YoY Change 582.2% -88.45% 67.65%
Cash & Equivalents $130.3M $7.923M $68.40M
Short-Term Investments
Other Short-Term Assets $105.0M $110.1M $120.5M
YoY Change -2.14% -8.63% -4.14%
Inventory
Prepaid Expenses
Receivables $48.80M $48.60M $57.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $284.1M $166.6M $246.6M
YoY Change 63.94% -32.44% 12.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.598B $1.550B $1.914B
YoY Change 2.87% -19.02% -0.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $93.20M $372.0M $38.60M
YoY Change -76.55% 863.73% -60.12%
Total Long-Term Assets $1.685B $1.922B $1.952B
YoY Change -13.62% -1.56% -3.23%
TOTAL ASSETS
Total Short-Term Assets $284.1M $166.6M $246.6M
Total Long-Term Assets $1.685B $1.922B $1.952B
Total Assets $1.969B $2.088B $2.199B
YoY Change -7.3% -5.02% -1.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.70M $57.10M $54.90M
YoY Change 3.19% 4.01% -1.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.60M $64.70M $64.70M
YoY Change 3.29% 0.0% -74.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.141B $1.222B $1.305B
YoY Change -6.84% -6.3% 20.1%
Other Long-Term Liabilities $15.10M $43.00M $18.50M
YoY Change -66.67% 132.43% -43.25%
Total Long-Term Liabilities $1.157B $1.265B $1.323B
YoY Change -8.97% -4.36% 18.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.60M $64.70M $64.70M
Total Long-Term Liabilities $1.157B $1.265B $1.323B
Total Liabilities $1.216B $1.330B $1.388B
YoY Change -8.45% -4.15% 0.45%
SHAREHOLDERS EQUITY
Retained Earnings -$396.9M -$395.8M -$337.2M
YoY Change 12.07% 17.4%
Common Stock $665.0K $665.0K $662.0K
YoY Change 0.15% 0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $755.0M $753.7M $807.1M
YoY Change
Total Liabilities & Shareholders Equity $1.975B $2.088B $2.199B
YoY Change -7.01% -5.02% -1.68%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $18.91M $5.840M $9.561M
YoY Change 539.22% -38.92% -84.83%
Depreciation, Depletion And Amortization $22.40M $24.40M $26.20M
YoY Change -14.18% -6.87% 7.38%
Cash From Operating Activities $19.80M $30.50M $25.70M
YoY Change -48.7% 18.68% -2.65%
INVESTING ACTIVITIES
Capital Expenditures $61.80M $17.20M $14.90M
YoY Change 309.27% 15.44% -90.85%
Acquisitions
YoY Change
Other Investing Activities $292.1M -$2.900M $11.10M
YoY Change 4464.06% -126.13% -95.19%
Cash From Investing Activities $230.3M -$20.10M -$3.800M
YoY Change -2747.13% 428.95% -105.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -127.7M -8.200M 32.20M
YoY Change 61.65% -125.47% -133.37%
NET CHANGE
Cash From Operating Activities 19.80M 30.50M 25.70M
Cash From Investing Activities 230.3M -20.10M -3.800M
Cash From Financing Activities -127.7M -8.200M 32.20M
Net Change In Cash 122.4M 2.200M 54.10M
YoY Change -349.29% -95.93% -2676.19%
FREE CASH FLOW
Cash From Operating Activities $19.80M $30.50M $25.70M
Capital Expenditures $61.80M $17.20M $14.90M
Free Cash Flow -$42.00M $13.30M $10.80M
YoY Change -278.72% 23.15% -107.92%

Facts In Submission

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<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 period amounts have been reclassified to conform to the current period presentation due to the reclassification of certain properties as discontinued operations (see note 3 to the consolidated financial statements).</font></div></div>
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us-gaap Nature Of Operations
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<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;color:#000000;font-weight:bold;text-decoration:underline;">NOTE 1: NATURE OF BUSINESS</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;"> </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 (&#8220;WRIT&#8221;), 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 operation 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. We have entered into purchase and sale agreements to effectuate the sale of our medical office segment, and have classified this segment as discontinued operations (see note 3). </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 (&#8220;REIT&#8221;) 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)&#160;reinvesting the sales proceeds of properties sold, allowing for a deferral of income taxes on the sale, (b)&#160;paying out capital gains to the shareholders with no tax to WRIT or (c)&#160;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 (&#8220;TRSs&#8221;). Our TRSs are subject to corporate federal and state income tax on their taxable income at regular statutory rates. There were no material income tax provisions or material net deferred income tax items for our TRSs for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine months ended September 30, 2013 and 2012</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-64170000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42961000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-80088000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40497000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
93485000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92765000 USD
us-gaap Net Income Loss
NetIncomeLoss
18438000 USD
us-gaap Net Income Loss
NetIncomeLoss
20750000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
5840000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
9561000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15710000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14649000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-47239000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-43250000 USD
CY2013Q3 us-gaap Notes Payable
NotesPayable
846576000 USD
CY2012Q4 us-gaap Notes Payable
NotesPayable
906190000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2013Q3 us-gaap Other Assets Held For Sale Current
OtherAssetsHeldForSaleCurrent
18337000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
510000 USD
CY2012Q4 us-gaap Other Assets Held For Sale Current
OtherAssetsHeldForSaleCurrent
19046000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
220000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
705000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
733000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
237000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
39348000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36310000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
6800000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
77805000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
60132000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1315000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
390000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
211000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-99000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
85000000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
15161000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13399000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
52142000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
4525000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
9385000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
107303000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
110116000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
3033000 USD
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
298314000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
0 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
5840000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
9561000 USD
us-gaap Profit Loss
ProfitLoss
18438000 USD
us-gaap Profit Loss
ProfitLoss
20750000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2847000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3012000 USD
CY2012Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
364999000 USD
CY2013Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
346157000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
497057000 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
548549000 USD
CY2013Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2042625000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2005383000 USD
CY2013Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1549656000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1553596000 USD
CY2013Q3 us-gaap Real Estate Investments
RealEstateInvestments
1494076000 USD
CY2012Q4 us-gaap Real Estate Investments
RealEstateInvestments
1508326000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
196303000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
190134000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
64471000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
65828000 USD
CY2013Q3 us-gaap Rental Properties
RentalProperties
1624617000 USD
CY2012Q4 us-gaap Rental Properties
RentalProperties
1587375000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25527000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
32461000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
60000000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
50000000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13423000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7547000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-395816000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-354122000 USD
CY2013Q3 us-gaap Secured Debt
SecuredDebt
290838000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
319025000 USD
CY2013Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
7639000 USD
CY2012Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
7642000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3996000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3615000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3323000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
753686000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
792057000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
796143000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
758162000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
173000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
83000 USD
CY2012Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
34000 USD
CY2013Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
32000 USD
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>
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66379000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66363000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66561000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66545000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66227000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66403000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66246000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66410000 shares
CY2013Q3 wre Adjusted Income From Discontinuing Operations Attributable To Controlling Interests
AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests
4054000 USD
wre Adjusted Income From Discontinuing Operations Attributable To Controlling Interests
AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests
13054000 USD
wre Adjusted Income From Discontinuing Operations Attributable To Controlling Interests
AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests
14046000 USD
CY2012Q3 wre Adjusted Income From Discontinuing Operations Attributable To Controlling Interests
AdjustedIncomeFromDiscontinuingOperationsAttributableToControllingInterests
6866000 USD
CY2012Q3 wre Adjusted Income Loss From Continuing Operations
AdjustedIncomeLossFromContinuingOperations
2570000 USD
wre Adjusted Income Loss From Continuing Operations
AdjustedIncomeLossFromContinuingOperations
7211000 USD
CY2013Q3 wre Adjusted Income Loss From Continuing Operations
AdjustedIncomeLossFromContinuingOperations
1677000 USD
wre Adjusted Income Loss From Continuing Operations
AdjustedIncomeLossFromContinuingOperations
4021000 USD
CY2013Q3 wre Adjusted Net Income Attributable To Controlling Interests Income Numerator
AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator
5731000 USD
wre Adjusted Net Income Attributable To Controlling Interests Income Numerator
AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator
18067000 USD
wre Adjusted Net Income Attributable To Controlling Interests Income Numerator
AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator
20265000 USD
CY2012Q3 wre Adjusted Net Income Attributable To Controlling Interests Income Numerator
AdjustedNetIncomeAttributableToControllingInterestsIncomeNumerator
9436000 USD
CY2013Q4 wre Ceo Consulting Fees
CEOConsultingFees
500000 USD
CY2013Q3 wre Capital Expenditures
CapitalExpenditures
14295000 USD
wre Capital Expenditures
CapitalExpenditures
36820000 USD
wre Capital Expenditures
CapitalExpenditures
39473000 USD
CY2012Q3 wre Capital Expenditures
CapitalExpenditures
14880000 USD
wre Commercial Paper Maturity
CommercialPaperMaturity
90
wre Contributions From Noncontrolling Interest
ContributionsFromNoncontrollingInterest
390000 USD
CY2012Q4 wre Disposal Group Including Discontinued Operation Sale Price
DisposalGroupIncludingDiscontinuedOperationSalePrice
23000000 USD
CY2013Q3 wre Disposal Group Including Discontinued Operation Sale Price
DisposalGroupIncludingDiscontinuedOperationSalePrice
516500000 USD
CY2013Q3 wre Fair Value Assets Measured On Recurring Basis Supplemental Executive Retirement Program
FairValueAssetsMeasuredOnRecurringBasisSupplementalExecutiveRetirementProgram
3004000 USD
CY2012Q4 wre Fair Value Assets Measured On Recurring Basis Supplemental Executive Retirement Program
FairValueAssetsMeasuredOnRecurringBasisSupplementalExecutiveRetirementProgram
2421000 USD
wre Increase Decreasein Accrued Capital Improvements
IncreaseDecreaseinAccruedCapitalImprovements
-2978000 USD
wre Increase Decreasein Accrued Capital Improvements
IncreaseDecreaseinAccruedCapitalImprovements
-1989000 USD
CY2012Q3 wre Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
117000 shares
wre Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
117000 shares
wre Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
117000 shares
CY2013Q3 wre Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
117000 shares
wre Operating Income Loss Net
OperatingIncomeLossNet
125314000 USD
wre Operating Income Loss Net
OperatingIncomeLossNet
126836000 USD
CY2012Q3 wre Operating Income Loss Net
OperatingIncomeLossNet
41944000 USD
CY2012Q4 wre Mortgage Notes Payableon Assets Heldfor Sale
MortgageNotesPayableonAssetsHeldforSale
23945000 USD
CY2013Q3 wre Mortgage Notes Payableon Assets Heldfor Sale
MortgageNotesPayableonAssetsHeldforSale
23467000 USD
CY2013Q3 wre Operating Income Loss Net
OperatingIncomeLossNet
42585000 USD
CY2012Q4 wre Other Liabilities Of Assets Held For Sale
OtherLiabilitiesOfAssetsHeldForSale
8412000 USD
CY2013Q3 wre Other Liabilities Of Assets Held For Sale
OtherLiabilitiesOfAssetsHeldForSale
7808000 USD
wre Percentage Of Capital Contribution Through Debt
PercentageOfCapitalContributionThroughDebt
0.70
wre Percentage Of Distribution Of Ordinary Taxable Income
PercentageOfDistributionOfOrdinaryTaxableIncome
0.9
CY2013Q3 wre Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
464535000 USD
CY2012Q4 wre Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
478478000 USD
CY2012Q4 wre Real Estate Heldfor Sale Accumulated Depreciation
RealEstateHeldforSaleAccumulatedDepreciation
113479000 USD
CY2013Q3 wre Real Estate Heldfor Sale Accumulated Depreciation
RealEstateHeldforSaleAccumulatedDepreciation
118378000 USD
CY2013Q3 wre Undistributed Earnings Allocated To Participating Securites Discontinued Operations
UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations
77000 USD
wre Undistributed Earnings Allocated To Participating Securites Discontinued Operations
UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations
288000 USD
wre Undistributed Earnings Allocated To Participating Securites Discontinued Operations
UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations
312000 USD
CY2012Q3 wre Undistributed Earnings Allocated To Participating Securites Discontinued Operations
UndistributedEarningsAllocatedToParticipatingSecuritesDiscontinuedOperations
91000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000104894
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
66521481 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WASHINGTON REAL ESTATE INVESTMENT TRUST

Files In Submission

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