"WRIT's strong FFO growth is due to the excellent performance of recent acquisitions, combined with the strong core portfolio net operating income increase of 8.6% for the quarter ended March 31, 2001," says chairman, president and CEO Edmund B. Cronin, Jr., noting the REIT's core portfolio excludes properties not owned during both periods being compared.

The REIT says its first-quarter earnings continues a streak of 35 consecutive years of increased earnings per share, and that its 28 consecutive years of increased FFO per share growth spans four recessions. WRIT's dividends have increased every year for 30 consecutive yearsA self-administered, self-managed, equity REIT that invests in income-producing properties in the greater Washington/Baltimore region, the firm owns 10 retail centers, 24 office buildings, 15 industrial facilities and 10 multifamily properties.