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WRIT’s FFO drops in quarter

Washington REIT, of Rockville, an equity real estate investment trust investing in income-producing properties in the Washington metro region, reported a drop in funds from operations for the second quarter — $25.2 million, or 38 cents per diluted share, compared to $30.8 million and 46 cents in the same period last year. The company said the decrease in FFO is primarily due to the reinvestment timing of the Medical Office Building sale proceeds.

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