Washington Real Estate Investment Trust Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

Real estate rental revenue as a percentage of the total for each of the reportable operating segments in continuing operations for the three years ended December 31, 2013 was as follows:



	Year Ended December 31,
	2013		2012		2011
Office	58	%	58	%	57	%
Retail	21	%	21	%	21	%
Multifamily	21	%	21	%	22	%

Percentage of Real Estate Assets by Segment

The percentage of total income producing real estate assets, at cost, for each of the reportable operating segments in continuing operations as of December 31, 2013 and 2012 was as follows:



	December 31,
	2013		2012
Office	62	%	63	%
Retail	20	%	20	%
Multifamily	18	%	17	%

Reconciliation Of Net Operating Income Of Reportable Segments

The following tables present revenues, net operating income, capital expenditures and total assets for the three years ended December 31, 2013 from these segments, and reconciles net operating income of reportable segments to net income attributable to the controlling interests as reported (in thousands):



	Year Ended December 31, 2013
	Office		Medical Office		Retail		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	152,339	$	—	$	56,189	$	54,496	$	—	$	263,024
Real estate expenses	57,293		—		13,768		22,232		—		93,293
Net operating income	$	95,046	$	—	$	42,421	$	32,264	$	—	$	169,731
Depreciation and amortization											(85,740		)
General and administrative											(17,535		)
Acquisition costs											(1,265		)
Interest expense											(63,573		)
Other income											926
Gain (loss) on extinguishment of debt											(2,737		)
Discontinued operations:
Income from properties sold or held for sale											15,395
Gain on sale of real estate											22,144
Net income											37,346
Less: Net income attributable to noncontrolling interests											—
Net income attributable to the controlling interests											$	37,346
Capital expenditures	$	37,777	$	3,695	$	4,204	$	10,153	$	162	$	55,991
Total assets	$	1,073,302	$	84,001	$	344,207	$	309,117	$	164,866	$	1,975,493



	Year Ended December 31, 2012
	Office		Medical Office		Retail		Multifamily		Corporate and Other		Consolidated
Real estate rental revenue	$	147,401	$	—	$	54,506	$	52,887	$	—	$	254,794
Real estate expenses	53,376		—		12,702		20,467		—		86,545
Net operating income	$	94,025	$	—	$	41,804	$	32,420	$	—	$	168,249
Depreciation and amortization											(85,107		)
General and administrative											(15,488		)
Acquisition costs											(234		)
Interest expense											(60,627		)
Other income											975
Discontinued operations:
Income from properties sold or held for sale											10,816
Gain on sale of real estate											5,124
Net income											23,708
Less: Net income attributable to noncontrolling interests											—
Net income attributable to the controlling interests											$	23,708
Capital expenditures	$	35,330	$	7,004	$	2,977	$	5,869	$	555	$	51,735
Total assets	$	1,140,046	$	327,573	$	355,585	$	249,503	$	51,669	$	2,124,376



	Year Ended December 31, 2011
	Office		Medical Office		Retail		Multifamily		Industrial/Flex		Corporate and Other		Consolidated
Real estate rental revenue	$	133,333	$	—	$	50,421	$	50,979	$	—	$	—	$	234,733
Real estate expenses	45,634		—		14,273		19,717		—		—		79,624
Net operating income	$	87,699	$	—	$	36,148	$	31,262	$	—	$	—	$	155,109
Depreciation and amortization													(74,403		)
General and administrative													(15,728		)
Real estate impairment													(14,526		)
Acquisition costs													(3,607		)
Interest expense													(61,402		)
Other income													1,144
Loss on extinguishment of debt													(976		)
Discontinued operations:
Income from properties sold or held for sale													23,414
Gain on sale of real estate													97,491
Income tax expense													(1,138		)
Net income													105,378
Less: Net income attributable to noncontrolling interests													(494		)
Net income attributable to the controlling interests													$	104,884
Capital expenditures	$	21,065	$	5,654	$	2,922	$	2,823	$	351	$	621	$	33,436
Total assets	$	1,118,074	$	347,735	$	365,164	$	247,170	$	—	$	42,615	$	2,120,758

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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