Washington Real Estate Investment Trust / WRE
George "Skip" McKenzie, president and CEO. (Photo: Courtesy of company.)
About Washington Real Estate Investment Trust
6110 Executive Blvd., Suite 800, Rockville, Md. 20852
www.writ.com
| 301-984-9400
| Founded: 1960
Industry: Real Estate | Category: Public Companies
Washington Real Estate Investment Trust invests in properties in the Washington and Baltimore areas and owns 14 retail centers, 26 office properties and 17 medical office properties. Last year, it named George F. McKenzie president and chief executive. He succeeded Edmund B. Cronin Jr., who remains non-executive chairman. In 2007, the firm also completed nine acquisitions worth $319 million. This year, it acquired a 150,000-square-foot industrial warehouse in Landover for $11 million.
President and CEO: George F. McKenzie
2007 Financial Data
Revenues: $255,655,000 | Net Income: $61,881,000Asssets: $1,898,326,000 | Earnings Per Share: $1.34
Stockholder Equity: $486,544,000 | Annual Dividend: $1.68
Total employees: 305 | Local employees: 305
Company Leadership
| Edward S. Civera | Trustee |
| Edmund B. Cronin Jr. | Non-Executive Chairman |
| John M. Derrick Jr. | Trustee |
| John P. McDaniel | Trustee |
| Charles T. Nason | Trustee |
| Thomas Edgie Russell III | Trustee |
| George F. McKenzie | Chief Executive, President and Trustee |
Source: Compensation data provided by Equilar, Inc..
Did You Know
BUY, BUY: Since 1995, the firm has completed more than $1.3 billion in acquisitions.
