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This REIT Had a Terrible Quarter: Here's Why It's Still a Buy

·4-min read
This REIT Had a Terrible Quarter: Here's Why It's Still a Buy
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  • BAM

WashREIT (NYSE: WRE) reported awful third-quarter results. The diversified real estate investment trust (REIT) focused on the Washington, D.C., metro area reported a big decline in its funds from operations (FFO). The company sold the bulk of its office portfolio to Brookfield Asset Management (NYSE: BAM) for $776 million.

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