WRE - Washington Real Estate FFO beats by $0.01 beats on revenue

Washington Real Estate (WRE): Q3 FFO of $0.36 beats by $0.01.Revenue of $73.23M (-8.8% Y/Y) beats by $1.75M.Multifamily occupancy at quarter end excluding Trove increased 30 basis points Q/Q, Office ending occupancy declined 20 basis points, and Other ending occupancy increased 280 basis points Q/Q.Multifamily - Collected 99% of cash rent and 99% of contractual rent due.Commercial - Collected 97% of cash rent and 99% of contractual rent due from office.FY20 Outlook: Core FFO/diluted share is seen at $1.44-$1.46; development expenditures seen between $30-$35M.Press Release

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Washington Real Estate FFO beats by $0.01, beats on revenue