WashREIT reported a net loss of $8.9 million, or $0.10 per diluted share, NAREIT FFO was $15.2 million, or $0.17 per diluted share and Core FFO was $18.2 million, or $0.21 per diluted share. Same-store multifamily NOI increased by 5.1% compared to the prior year period. Available liquidity was approximately $745 million as of June 30, 2022.
Net loss was $8.9 million, or $0.10 per diluted share
NAREIT FFO was $15.2 million, or $0.17 per diluted share
Core FFO was $18.2 million, or $0.21 per diluted share
Net Operating Income (NOI) was $32.8 million
Core FFO for 2022 is expected to range from $0.86 to $0.90 per fully diluted share. Same-store multifamily NOI growth is expected to range between 8.5% to 9.5%. Approximately $125 million of additional multifamily acquisitions are expected to be completed in the Southeast during the fourth quarter of 2022.
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