Four major elements contribute to this projection according to information released by the company.·Same store NOI growth of 5.5%·Acquisitions of $50 million at an average cap rate of 9.5%·Dispositions of $7.5 million at a cap rate of 12%·A 12% increase in G & A due mainly to increased personnel costs.
Greater Washington-Baltimore area-based WRIT is a self-administered, self-managed, equity REIT investing in income producing properties. Since its founding in 1960 it has acquired a diversified portfolio of 57 properties consisting of 10 retail centers, 23 office properties, 15 industrial/flex properties and nine multi-family properties.
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