WashREIT reported a net loss of $1.1 million, or $0.02 per diluted share, for the quarter ended March 31, 2021. NAREIT FFO was $28.5 million, or $0.34 per diluted share, and Core FFO was also $0.34 per diluted share. Same-store NOI declined 6.5% and cash NOI declined 6.0% compared to the first quarter of 2020.
Net loss was $1.1 million, or $0.02 per diluted share.
NAREIT FFO was $28.5 million, or $0.34 per diluted share.
Same-store NOI declined 6.5% and cash NOI declined 6.0% compared to the first quarter of 2020.
Collected over 98% of cash rent from multifamily residents and commercial tenants.
Core FFO for the quarter ending June 30, 2021 is expected to range from $0.32 to $0.35 per diluted share.
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