WashREIT reported a net income of $1.7 million, NAREIT FFO of $31.4 million, and Core FFO of $0.37 per diluted share for the quarter ended March 31, 2020. The company's overall portfolio NOI from continuing operations was $48.2 million, an increase compared to the prior year period.
Net income attributable to controlling interests was $1.7 million, or $0.02 per diluted share
NAREIT FFO was $31.4 million, or $0.38 per diluted share
Net Operating Income (NOI) was $48.2 million
Same-store multifamily NOI and cash NOI increased by 6.8% over the prior year period
Given the uncertainty surrounding the social and economic impact from COVID-19, the Company is withdrawing its previously issued full-year 2020 Outlook and is not providing updated guidance for 2020 at this time.
Analyze how earnings announcements historically affect stock price performance