Washington Real Estate Investment Trust http://www.alacrastore.com/company-snapshot/Washington_Real_Estate_Investment_Trust-1017967 Monday, October 13, 2008 8:25:16 AM 1017967 Washington Real Estate Investment Trust en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_163571_600019258moodys/PR_163571_600019258htmlGlobal Credit Research Rating Action ## SEP #### Rating Action: Washington Real Estate Investment Trust Moody's affirms Washington REIT'S ratings; outlook stable Approximately $### Million of Debt Securities Affected. New York, September...9/30/2008 1:50:53 AMhtmlWashington Real Estate Investment TrustWashington Real Estate Investment Trust600019258150.0000NewsRating ActionPR_163571_600019258Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1881675ccbn/T1881675norm...Welcome to the Washington Real Estate Investment Trust second quarter #### earnings conference call. As a reminder today's call is being recorded. Before turning the call over to the Company's President and Chief Executive Officer, Skip McKenzie; Kelly [Shiflett], Director of Finance, will provide some introductory information. Please go ahead. ... 7/25/2008 3:07:00 PMWashington Real Estate Investment Trust54.0000FinalWashington Real Estate Investment Trust Q2 2008 Earnings Conference Call TranscriptWRE2:00pm ETTranscriptT1881675Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1817909ccbn/T1817909norm...Good morning and welcome to the Credit Suisse #### Global Real Estate Conference. We are very happy to have with us Washington REIT today. I will pass it over to its CEO, Skip McKenzie for about ## minutes of introduction and opening remarks, after which I will kickoff the Q&A session, and then opened it up to the audience for additional questions. With that, please begin Skip. ... 7/16/2008 4:55:32 PMWashington REIT54.0000Washington Real Estate Investment Trust at Credit Suisse Group Global Real Estate ConferenceWRE8:40AM ETTranscriptT1817909Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/658304spcred/658304normThe latest Summary from S&Pglobalstructured7/7/2008 3:42:00 PM175Summary658304United StatesDiversified REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesSummaryThe ratings assigned to Washington Real Estate Investment Trust (Washington REIT) acknowledge the strength and stability of the company's diversified real estate portfolio, as well as a relatively transparent balance sheet that remains appropriately capitalized, despite a moderate amount of debt-financed acquisitions in recent years. Coverage measures are lower than historical averages but have firmed in recent quarters and should remain steadier in a slowing commercial real estate environment, particularly relative to peers that are more reliant upon volatile fee-based income streams or those that are more heavily exposed to speculative development activities. Rockville, Md.-based Washington REIT owns a portfolio of 91 properties, including 26 office buildings, 24 industrial properties, 16 medical office buildings, 14 retail centers, and 11 multifamilyUSA93965393967140402010 404020 4040 40Washington Real Estate Investment Trust305599USAWRESUMMARYGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1802273ccbn/T1802273norm...Greetings and welcome to the Washington Real Estate Investment Trust first quarter #### earnings conference call. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. [Kelly Shiflett]. ... 4/29/2008 8:06:00 PMWashington Real Estate Investment Trust54.0000FinalQ1 2008 Washington Real Estate Investment Trust Earnings Conference Call TranscriptWRE11:00am ETTranscriptT1802273Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/643456spcred/643456normThe latest Research Update from S&Pglobalstructured4/17/2008 6:26:00 PM175Research Update643456United StatesDiversified REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesResearch UpdateOn Dec. 26, 2007, Standard&Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Washington Real Estate Investment Trust (Washington REIT) to 'BBB+' from 'A-'. At the same time, we revised the outlook to stable from negative. The rating actions affect approximately $880 million in outstanding senior unsecured debt (see list). The downgrade was driven by a steady decline of Washington REIT's cash flow coverage measures resulting from debt-financed investment growth over the past three years and higher capitalized interest costs from an expanded development pipeline. Credit positives, however, include a relatively transparent financial presentation and the company's strengthened investment portfolio of diversified assets in relatively defensive property submarkets. Washington REIT owns a portfolio ofUSA93965393967140402010 404020 4040 40Washington Real Estate Investment Trust305599USAWRERESUPDGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1735638ccbn/T1735638norm...Welcome to the Washington Real Estate Investment Trust fourth-quarter #### 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], Senior Manager of Finance, will provide some introductory information. Ms. Shiflett, please go ahead. ... 2/22/2008 1:05:00 PMWashington Real Estate Investment Trust54.0000FinalQ4 2007 Washington Real Estate Investment Trust Earnings Conference Call TranscriptWRE11:00am ETTranscriptT1735638Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/COP_600019258moodys/COP_600019258htmlGlobal Credit Research Credit Opinion # OCT #### Credit Opinion: Washington Real Estate Investment Trust Washington Real Estate Investment Trust Rockville, Maryland, United States Ratings Category Moody's Rating Outlook Stable Senior...1/3/2008 8:05:00 PMhtmlWashington Real Estate Investment TrustWashington Real Estate Investment Trust600019258150.0000NewsCredit OpinionCOP_600019258Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622859spcred/622859normThe latest News from S&P12/26/2007 6:36:35 PMNews100globalstructured622859United StatesDiversified REIT'sUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsNEW YORK (Standard&Poor's) Dec. 26, 2007-- Standard&Poor's Ratings Services today lowered its corporate credit and senior unsecured debt ratings on Washington Real Estate Investment Trust (Washington REIT) to 'BBB+' from 'A-'. At the same time, we revised the outlook to stable from negative. The rating actions affect approximately $880 million in outstanding senior unsecured debt. "The downgrade was driven by a steady decline of Washington REIT's cash flow coverage measures resulting from debt-financed investment growth over the past three years and higher capitalized interest costs from an expanded development pipeline," said credit analyst Tom Taillon. "Credit positives, however, include a relatively transparent financial presentation and the company's strengthened investment portfolio of diversified assets in relatively defensiveUSA93965393967140402010 404020 4040 40Washington Real Estate Investment Trust305599USAWRENEWSGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622860spcred/622860normThe latest Research Update from S&P12/26/2007 6:36:35 PMResearch Update175globalstructured622860United StatesDiversified REIT'sUnited StatesGlobal IssuersStructured FinanceReal Estate CompaniesCorporationsResearch UpdateOn Dec. 26, 2007, Standard&Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Washington Real Estate Investment Trust (Washington REIT) to 'BBB+' from 'A-'. At the same time, we revised the outlook to stable from negative. The rating actions affect approximately $880 million in outstanding senior unsecured debt (see list). The downgrade was driven by a steady decline of Washington REIT's cash flow coverage measures resulting from debt-financed investment growth over the past three years and higher capitalized interest costs from an expanded development pipeline. Credit positives, however, include a relatively transparent financial presentation and the company's strengthened investment portfolio of diversified assets in relatively defensive property submarkets. Washington REIT owns a portfolio ofUSA93965393967140402010 404020 4040 40Washington Real Estate Investment Trust305599USAWRERESUPDGLOBISSSTRUCRECCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/553643spcred/553643normThe latest News from S&P12/23/2007 11:36:31 PMNews175structuredglobal553643Structured FinanceGlobal IssuersReal Estate CompaniesCorporationsNewsNEW YORK (Standard & Poor's) Dec. 21, 2006--Standard & Poor's Ratings Services today revised its outlook on Washington Real Estate Investment Trust (Washington REIT) to negative from stable. At the same time, the 'A-' corporate credit and senior unsecured debt ratings were affirmed. These rating actions affect approximately $728 million in outstanding senior unsecured debt. "The outlook revision was prompted by the gradual deterioration of Washington REIT's cash flow coverage measures over the past few years," explained Standard & Poor's credit analyst Tom Taillon. "This decline is the result of largely debt-financed investment growth, combined with increased capitalized interest from development projects and elevated principal amortization from assets acquired with mortgage debt." The affirmation of the ratings on Washington REIT,Washington Real Estate Investment Trust305599NEWSSTRUCGLOBISSRECCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/553644spcred/553644normThe latest Research Update from S&P12/23/2007 11:36:31 PMResearch Update175structuredglobal553644Structured FinanceGlobal IssuersReal Estate CompaniesCorporationsResearch UpdateOn Dec. 21, 2006, Standard & Poor's Ratings Services revised its outlook on Washington Real Estate Investment Trust (Washington REIT) to negative from stable. At the same time, the 'A-' corporate credit and senior unsecured debt ratings were affirmed (see list). These rating actions affect approximately $728 million in outstanding senior unsecured debt. The outlook revision was prompted by the gradual deterioration of Washington REIT's cash flow coverage measures over the past few years. This decline is the result of largely debt-financed investment growth, combined with increased capitalized interest from development projects and elevated principal amortization from assets acquired with mortgage debt. The affirmation of the ratings on Washington REIT, however, acknowledges a very stable revenue stream from a growingWashington Real Estate Investment Trust305599RESUPDSTRUCGLOBISSRECCORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1657760ccbn/T1657760norm10/25/2007 5:09:00 PMWashington Real Estate Investment Trust54.0000FinalQ3 2007 Washington Real Estate Investment Trust Earnings Conference Call TranscriptWRE11:00am ET...Greetings and welcome to the Washington Real Estate Investment Trust third-quarter earnings call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Sara Grootwassink, Executive Vice President and Chief Financial Officer for Washington Real Estate Investment Trust. Thank you. Ms. Grootwassink, you may begin. ... TranscriptT1657760Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/srp/27668srp/27668norm...Address:#### Executive Boulevard, Suite ###, Rockville, Maryland ##### Incorporated:MarylandWeb Site: www.washreit.comSIC Classification: Real Estate Investment Trusts (####) Business Description: Washington Real Estate Investment Trust is a self-administered, self-managed, equity real estate investment trust investing in income-producing real properties. The company owns a diversified portfolio of retailcenters, office buildings, multifamily buildings and industrial/flex properties. Indices:Russell ####, Russell #### ... 27668939653101WRE10/6/2006 12:23:00 PM27668Credit & Investment ResearchSharkRepellent.net