WashREIT reported a net loss of $7.7 million, or $0.09 per diluted share, NAREIT FFO was $14.5 million, or $0.17 per diluted share, and Core FFO was $0.20 per diluted share. Same-store multifamily NOI increased by 7.9% compared to the prior year period.
Net Operating Income (NOI) was $30.7 million
Same-store multifamily NOI increased by 7.9% compared to the prior year period
Effective blended Lease Rate Growth was 9.5% during the quarter for our same-store portfolio
Same-store retention increased to 71% compared to 51% in the first quarter of 2021
Core FFO for 2022 is expected to range from $0.87 to $0.93 per fully diluted share.
Analyze how earnings announcements historically affect stock price performance