On July 20, Washington REIT
- Funds from operations (FFO) missed analyst expectations because of severance charges and additional stock compensation expense.
- Net operating income grew by 14.8%.
- Occupancy increased by 1.5%, and core portfolio net operating income increased by 5.8%.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$52,300 |
$52,916 |
$46,410 |
14% |
|
Funds From Operations |
-- |
$20,709 |
$21,455 |
(3.5%) |
|
FFO Per Share |
$0.54 |
$0.48 |
$0.51 |
(5.9%) |
|
Net Operating Income |
$37,342 |
$32,540 |
14.8% |
|
|
Net Income |
$7,719 |
$10,875 |
(29%) |
|
|
EPS |
$0.18 |
$0.26 |
(30.8%) |
|
|
Diluted Shares |
43,037 |
42,059 |
2.3% |
Get back to basics with a look at the income statement.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Investment in Properties |
$1,421,609 |
$1,164,714 |
22.1% |
|
Prop. Net of Depreciation |
$1,159,459 |
$946,576 |
22.5% |
|
Cash |
$13,970 |
$16,455 |
(15.1%) |
|
Liabilities & Equities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Total Debt |
$817,834 |
$616,960 |
32.6% |
|
Preferred Equity |
$0 |
$0 |
N/A |
|
Market Value of Equity |
$1,651,427 |
$1,314,238 |
25.7% |
Learn the ways of the balance sheet.
Ratio Highlights
|
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|
|
Occupancy |
93.8% |
92.3% |
1.5% |
|
Core Portfolio NOI Growth |
5.8% |
-0.1% |
5.9% |
|
Total Debt-to-Total Market Cap (EV) |
33.1% |
31.9% |
1.2% |
Related Companies:
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Related Foolishness:
- The Truth About REITs
- Understanding Funds From Operations
- The Scoop on the NOI Number
- Getting to Know RevPAR
- Please Recycle . Your Capital
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Enterprise Value
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Valuation
- Foolish Fundamentals: Return on Invested Capital
- Foolish Fundamentals: GAAP
- Foolish Fundamentals: Cash Conversion Cycle
- Foolish Fundamentals: The Income Statement
- Foolish Fundamentals: The Cash Flow Statement
- Foolish Fundamentals: Stocks
- Foolish Fundamentals: Bonds
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.
