Washington Real Estate Investment's CEO Discusses Q1 2012 Results - Earnings ...
18.05.12
Washington Real Estate Investment Trust ( WRE ) Q1 2012 Results Earnings Call April 27, 2012 11:00 AM ET
Operator
Welcome to the Washington Real Estate Investment Trust First Quarter 2012 Earnings Conference Call. As a reminder, today’s call is being recorded. Before turning over the call to the company’s President and Chief Executive Officer, Skip McKenzie; Kelly Shiflett, Director of Finance will provide some introductory information.
Ms. Shiflett, please go ahead.
Kelly Shiflett
Thank you and good morning, everyone. After the market closed yesterday, we issued our earnings press release. If there is anyone on the call who would like a copy of the release, please contact me at 301-984-9400 or you may access the document from our website at www.writ.com. Our first quarter supplemental financial information is also available on our website.
Our conference call today will contain financial measures such as core FFO and NOI that are non-GAAP measures, and in accordance with Reg G, we have provided reconciliation to those measures in the supplemental. The per share information being discussed on today’s call is reported on a fully diluted share basis.
Source: Seeking Alpha
Direct Investment Fundraising Hits Highest First-Quarter Level since 1980's
18.05.12
SHREWSBURY, N.J., Apr 13, 2012 (BUSINESS WIRE) --
Continued economic malaise, low interest rates available from fixed
income products and investor uncertainty regarding government fiscal and
tax policy are fueling investors’ flight to direct investment in hard
assets. Capital flows to publicly registered Non-Listed REITs (NL REITs)
and direct participation programs hit $1.3 billion in March, pushing the
first quarter total to approximately $3.3 billion. Through the first
quarter, overall fundraising is up 32% compared with the same period in
2011, and up 87% versus first quarter 2010.
Robert
A. Stanger & Company, the Shrewsbury N.J.-based
investment-banking firm that specializes in the Direct Investment
securities markets, reports this level of first-quarter investment is
the highest for the industry in 20 years. Stanger credits a significant
part of the increase in fundraising to the growing perception among
financial advisors of the importance of portfolio diversification
through allocations to hard assets as opposed to purely financial assets.
Source: MarketWatch (press release)