WashREIT reported a net loss of $11.0 million for Q4 2020, with NAREIT FFO at $26.7 million and Core FFO at $0.33 per share. The company's overall portfolio NOI from continuing operations was $42.5 million, impacted by transaction activity and COVID-19. Cash collections remained strong, and multifamily occupancy, excluding Trove, increased in January.
Net loss was $11.0 million, or $0.13 per diluted share, including net losses on the sale of real estate of $7.5 million.
NAREIT FFO was $26.7 million, or $0.32 per diluted share.
Core FFO was $0.33 per diluted share.
Net Operating Income (NOI) was $42.5 million.
The Company is providing Core FFO guidance for Q1 2021 along with key Q1 2021 assumptions and metrics relating to such guidance as described below.
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