WashREIT Announces 2021 Dividend Income Tax Treatment

Rhea-AI Summary

WashREIT (NYSE:WRE) announced the income tax treatment for its 2021 dividend distributions, confirming final income allocations for shareholders. Total gross distribution per share amounted to $1.07000, with a return of capital of $1.07000. The payments were made quarterly: $0.30000 on January 6, April 5, and July 6, and $0.17000 on October 5. Shareholders should consult tax advisors for personalized guidance. The company focuses on providing quality housing to middle-income renters in the Washington, DC metro and Southeast regions, backed by a proven track record in residential repositioning.

Positive

• Total gross distribution per share is $1.07000, which is favorable for investors.
• Steady quarterly dividends of $0.30000 and a final payment of $0.17000 demonstrate commitment to shareholder returns.
• Focus on underserved markets and geographical diversification indicates growth potential.

Negative

• None.

WASHINGTON, Jan. 20, 2022 (GLOBE NEWSWIRE) -- WashREIT (NYSE:WRE) announced the income tax treatment of its 2021 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of WashREIT dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.

Dividend Paid Date	Gross Distribution Per Share	Ordinary Taxable Income Per Share	Section 199A Dividends Per Share	(Return of Capital) Non- Taxable Distribution Per Share
01/6/2021	$0.30000	$0.00000	$0.00000	$0.30000
04/05/2021	$0.30000	$0.00000	$0.00000	$0.30000
07/06/2021	$0.30000	$0.00000	$0.00000	$0.30000
10/5/2021	$0.17000	$0.00000	$0.00000	$0.17000
TOTALS:	$1.07000	$0.00000	$0.00000	$1.07000
	100.00%	0%	0%	100%

WashREIT owns approximately 7,300 residential apartment homes in the Washington, DC metro and the Southeast. WashREIT also owns and operates approximately 300,000 square feet of commercial space in the Washington, DC metro region. We are focused on providing quality housing to under-served, middle-income renters in submarkets poised for strong, sustained demand. With a proven track record in residential repositioning, we are utilizing the experience and research from the Washington, DC metro region to continue to grow as we geographically diversify into Southeastern markets.

Contact: Amy Hopkins
Phone: 202-774-3253
E-mail: ahopkins@washreit.com

FAQ

What is the dividend amount for WashREIT in 2021?

The total gross distribution per share for WashREIT in 2021 was $1.07000.

When was the 2021 dividend for WashREIT paid?

Dividends were paid on January 6, April 5, July 6, and October 5, 2021.

What should shareholders know about the tax treatment of WashREIT's dividends?

Shareholders are encouraged to consult with tax advisors regarding the specific tax treatment of WashREIT's dividend distributions.

How does the Section 199A dividend impact WashREIT's shareholders?

For 2021, WashREIT indicated that there were no ordinary taxable income allocations per share, with all distributions being categorized as return of capital.

What is WashREIT's focus in the real estate market?

WashREIT is focused on providing quality housing to underserved, middle-income renters, particularly in markets with strong demand.