| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
WRE Overview
WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.08 |
| 52 Week High | US$16.95 |
| 52 Week Low | US$27.05 |
| Beta | 0.94 |
| 1 Month Change | 2.37% |
| 3 Month Change | 6.18% |
| 1 Year Change | 28.62% |
| 3 Year Change | -18.17% |
| 5 Year Change | -19.41% |
| Change since IPO | 100.64% |
Recent News & Updates
Shareholder Returns
| WRE | US REITs | US Market | |
|---|---|---|---|
| 7D | -0.7% | -0.8% | -0.5% |
| 1Y | 28.6% | 38.7% | 37.5% |
Return vs Industry: WRE underperformed the US REITs industry which returned 38.7% over the past year.
Return vs Market: WRE underperformed the US Market which returned 37.5% over the past year.
Price Volatility
| WRE volatility | |
|---|---|
| WRE Beta | 0.94 |
| Industry Beta | 0.83 |
| Market Beta | 1 |
Stable Share Price: WRE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: WRE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1960 | 112 | Paul McDermott | https://www.washreit.com |
WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.
Washington Real Estate Investment Trust Fundamentals Summary
| WRE fundamental statistics | |
|---|---|
| Market Cap | US$2.13b |
| Earnings (TTM) | -US$22.54m |
| Revenue (TTM) | US$286.52m |
7.4x
P/S Ratio-94.1x
P/E RatioIs WRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WRE income statement (TTM) | |
|---|---|
| Revenue | US$286.52m |
| Cost of Revenue | US$111.55m |
| Gross Profit | US$174.98m |
| Expenses | US$197.52m |
| Earnings | -US$22.54m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
| Earnings per share (EPS) | -0.27 |
| Gross Margin | 61.07% |
| Net Profit Margin | -7.87% |
| Debt/Equity Ratio | 78.1% |
How did WRE perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield95%
Payout RatioValuation
Is Washington Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
3.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRE ($25.08) is trading below our estimate of fair value ($25.96)
Significantly Below Fair Value: WRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WRE is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: WRE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WRE is good value based on its PB Ratio (1.7x) compared to the US REITs industry average (2x).
Future Growth
How is Washington Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
39.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: WRE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: WRE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: WRE's revenue (2.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: WRE's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WRE is forecast to be unprofitable in 3 years.
Past Performance
How has Washington Real Estate Investment Trust performed over the past 5 years?
-62.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRE is currently unprofitable.
Growing Profit Margin: WRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WRE is unprofitable, and losses have increased over the past 5 years at a rate of 62.2% per year.
Accelerating Growth: Unable to compare WRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WRE is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).
Return on Equity
High ROE: WRE has a negative Return on Equity (-1.73%), as it is currently unprofitable.
Financial Health
How is Washington Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: WRE's short term assets ($913.2M) exceed its short term liabilities ($86.0M).
Long Term Liabilities: WRE's short term assets ($913.2M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: WRE's debt to equity ratio (78.1%) is considered high.
Reducing Debt: WRE's debt to equity ratio has reduced from 130.9% to 78.1% over the past 5 years.
Debt Coverage: WRE's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: WRE's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Dividend
What is Washington Real Estate Investment Trust current dividend yield, its reliability and sustainability?
2.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WRE's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: WRE's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (3.59%).
Stability and Growth of Payments
Stable Dividend: WRE's dividend payments have been volatile in the past 10 years.
Growing Dividend: WRE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (95.4%), WRE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WRE's dividends in 3 years are forecast to be covered by earnings (70.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Paul McDermott (59 yo)
7.92yrs
Tenure
US$4,598,897
Compensation
Mr. Paul T. McDermott serves as the Chief Executive Officer, President and Trustee at Washington Real Estate Investment Trust since October 1, 2013 and has been its Chairman of Board since May 31, 2018. Pr...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD4.60M) is about average for companies of similar size in the US market ($USD3.67M).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: WRE's management team is seasoned and experienced (5.7 years average tenure).
Board Members
Experienced Board: WRE's board of directors are considered experienced (6.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Top Shareholders
Company Information
Washington Real Estate Investment Trust's employee growth, exchange listings and data sources
Key Information
- Name: Washington Real Estate Investment Trust
- Ticker: WRE
- Exchange: NYSE
- Founded: 1960
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$2.135b
- Market Cap: US$2.135b
- Shares outstanding: 84.62m
- Website: https://www.washreit.com
Number of Employees
Location
- Washington Real Estate Investment Trust
- 1775 Eye Street, NW
- Suite 1000
- Washington
- District Of Columbia
- 20006
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/24 22:23 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.