WRIT NET INCOME UP 33 PERCENT; BETHESDA HEADQUARTERS BUILDING IS SOLD FOR QUADRUPLE ITS COST

PR Newswire | August 12, 1993 | Copyright 
 
    BETHESDA, Md., Aug. 12 /PRNewswire/ -- The Washington Real Estate Investment Trust (WRIT) (AMEX: WRE) reported net income of $6,322,109 for the second quarter of 1993, an increase of 33 percent compared with $4,766,036 for the same period of 1992.  Quarterly net income per share increased from 19 cents to 22 cents.  The 1993 second quarter includes a gain of $741,217 from the sale of WRIT's Bethesda headquarters building June 28, 1993. 
    Real estate revenue of $9,713,873 for the second quarter of 1993 increased 19 percent over the second quarter of 1992.  The second quarter ...

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