WRE - Washington Real Estate FFO misses revenue beats guidance lowered
- Washington Real Estate press release ( NYSE: WRE ): Q2 FFO of $0.21 misses by $0.01 (vs. $0.35 in prior-year quarter).
- Revenue of $51.38M (+24.4% Y/Y) beats by $0.1M .
- We are slightly lowering and tightening our guidance range by two cents at the midpoint due to a delay in timing of further acquisitions and increased interest costs, including lower capitalized interest and higher interest rates. Neither of these adjustments have changed our outlook for 2023," CFO Stephen Riffee said.
- FY22 FFO is expected to be in the range of $0.86 to $0.90.
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Washington Real Estate FFO misses, revenue beats, guidance lowered