Washington REIT buys back $28.9 million 3.875% convertibles at discount after quarter-end

By Susanna Moon

Chicago, May 8 - Washington Real Estate Investment Trust repurchased $28.9 million principal amount of its 3.875% convertible notes after the close of the quarter ending March 31, according to a 10-Q filing with the Securities and Exchange Commission.

The company bought the notes at prices from 84 to 91.875.

As previously noted, Washington REIT repurchased $48.6 million of the 3.875% convertibles at discounts ranging from 16% to 20% during the first quarter.

The company bought the notes at discount prices ranging from 80 to 84.

Washington is a Rockville, Md.-based REIT that owns, operates and develops properties in the Washington and Baltimore region.

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