WashREIT reported financial and operating results for the quarter ended September 30, 2021, completing the sale of the office and retail portfolios and the acquisition of The Oxford.
Net income was $31.3 million, or $0.37 per diluted share
Core FFO was $17.0 million, or $0.20 per diluted share
Net Operating Income (NOI) was $27.1 million
Completed the sale of the office portfolio for gross proceeds of $766 million and the retail portfolio for gross proceeds of $168.3 million
The Company is reinstating full-year 2021 guidance including its outlook on key assumptions and metrics. Core FFO for 2021 is expected to range from $1.05 to $1.08 per fully diluted share.
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