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Dec 31, 2019
Elme Communities Q4 2019 Earnings Report
WashREIT reported results for Q4 2019.
Key Takeaways
WashREIT reported a net income attributable to controlling interests of $54.2 million, or $0.66 per diluted share, for the fourth quarter of 2019. The company's overall portfolio NOI was $50.1 million, compared to $46.1 million in the same period one year ago.
Net income attributable to controlling interests was $54.2 million, or $0.66 per diluted share.
NAREIT FFO was $0.39 per diluted share.
Core FFO was $0.40 per diluted share.
Overall portfolio NOI for the fourth quarter was $50.1 million.
Revenue by Segment
Forward Guidance
WashREIT provided full year 2020 guidance with core FFO per diluted share expected to be $1.53 - $1.59 and same-store NOI growth of 1.0% - 2.0%.
Positive Outlook
- Core FFO per diluted share is expected to be $1.53 - $1.59.
- Same-Store NOI Growth is expected to be 1.0% - 2.0%.
- Multifamily Same-Store NOI Growth is expected to be 3.25% - 4.25%.
- Other NOI is expected to be $13.25 million - $13.75 million.
- Non Same-Store Multifamily NOI is expected to be $28.25 million - $29.25 million.
Challenges Ahead
- Office Same-Store NOI Growth is expected to be (1.0%) - 1.0%.
- Dispositions are expected to be $63.4 million.
- G&A and Leasing Expenses are expected to be $22.25 million - $23.25 million.
- Interest Expense is expected to be $42.25 million - $43.25 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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