Item 5. Market for Registrant’s Common Equity
ITEM 5: MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market and Shareholder Information: Our shares trade on the New York Stock Exchange under the symbol WRE. As of February 11, 2021, there were 3,225 shareholders of record.
Issuer Repurchases; Unregistered Sales of Securities: A summary of our repurchases of shares of our common stock for the three months ended December 31, 2020 was as follows:
Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased
October 1 - October 31, 2020 — $ — N/A N/A
November 1 - November 30, 2020 — — N/A N/A
December 1 - December 31, 2020 39,623 21.99 N/A N/A
Total 39,623 21.99 N/A N/A
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(1) Represents restricted shares surrendered by employees to WashREIT to satisfy such employees' applicable statutory minimum tax withholding obligations in connection with the vesting of restricted shares.
Performance Graph:
The following line graph sets forth, for the period from December 31, 2015, through December 31, 2020, a comparison of the percentage change in the cumulative total stockholder return on our common stock compared to the cumulative total return of the Standard & Poor's 500 Stock Index and the MSCI US REIT Index. The graph assumes that $100 was invested on December 31, 2015, in shares of our common stock and each of the aforementioned indices and that all dividends were reinvested without the payment of any commissions. There can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below.
This performance graph shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or incorporated by reference into any filing by us under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
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ITEM 6: SELECTED FINANCIAL DATA
The following table sets forth our selected financial data on a historical basis. The following data should be read in conjunction with our financial statements and notes thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Form 10-K.
2020 2019 2018 2017 2016
(in thousands, except per share data)
Real estate rental revenue $ 294,118 $ 309,180 $ 291,730 $ 280,281 $ 268,672
(Loss) income from continuing operations $ (15,680) $ 29,132 $ 1,153 $ (3,568) $ 96,261
Discontinued operations:
Income from operations of properties sold or held for sale $ — $ 16,158 $ 24,477 $ 23,180 $ 23,027
Gain on sale of real estate $ — $ 339,024 $ — $ — $ —
Net (loss) income $ (15,680) $ 383,550 $ 25,630 $ 19,612 $ 119,288
Net (loss) income attributable to the controlling interests $ (15,680) $ 383,550 $ 25,630 $ 19,668 $ 119,339
(Loss) income from continuing operations attributable to the controlling interests per share – diluted $ (0.20) $ 0.36 $ 0.01 $ (0.05) $ 1.33
Net (loss) income attributable to the controlling interests per share – diluted $ (0.20) $ 4.75 $ 0.32 $ 0.25 $ 1.65
Total assets $ 2,409,818 $ 2,628,328 $ 2,417,104 $ 2,359,426 $ 2,253,619
Amounts outstanding on line of credit $ 42,000 $ 56,000 $ 188,000 $ 166,000 $ 120,000
Mortgage notes payable, net $ — $ 47,074 $ 48,277 $ 81,624 $ 133,117
Notes payable, net $ 945,370 $ 996,722 $ 995,397 $ 894,358 $ 843,084
Shareholders’ equity $ 1,320,787 $ 1,411,726 $ 1,068,127 $ 1,094,971 $ 1,050,946
Cash dividends declared $ 99,775 $ 96,964 $ 95,502 $ 92,834 $ 87,570
Cash dividends declared per share $ 1.20 $ 1.20 $ 1.20 $ 1.20 $ 1.20
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