Introduction
The purpose of this article is to evaluate a potential investment in Washington REIT (WRE). We start by taking a look at the company's portfolio, its geographical and submarket diversification as well as the company's financial metrics. We continue by outlining key risks and finally we reach to a conclusion.
Portfolio
Washington REIT is a company that invests in, owns and operates mainly multifamily and office properties in DC area, although a small percentage of its NOI comes from retail properties. According to the Q1 2020 financial supplement, almost two thirds