WRE - WashREIT reports strong cash rent collections; strong multifamily portfolio

For multifamily, Washington Real Estate Investment Trust (WRE) collected ~99% of cash rent and 99% of contractual rent due during July and August; agreed to provide $0.1M of rent relief through payment deferral programs.For commercial, the company collected 97% of cash rent and 99% of contractual rent due from office tenants during July and August; agreed to defer $1.5M of rent due from office tenants through payment deferral programs YTD.It collected 87% of cash rent and 95% of contractual rent due from retail tenants during July and August; agreed to defer $1.1M of rent due from retail tenants through payment deferral programs YTD.September collections to be updated during Q3 results.

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WashREIT reports strong cash rent collections; strong multifamily portfolio