Washington Real Estate Investment Trust
Market Cap
US$2.5b
Last Updated
2020/01/22 23:51 UTC
Data Sources
Company Financials +
Executive Summary
WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -63.1% per year for the next 3 years
Snowflake Analysis
Average dividend payer and fair value.
Share Price & News
How has Washington Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WRE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
WRE
0.9%
US REITs
0.6%
US Market
1 Year Return
26.9%
WRE
18.9%
US REITs
24.6%
US Market
Return vs Industry: WRE exceeded the US REITs industry which returned 17.9% over the past year.
Return vs Market: WRE exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| WRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 0.9% | 0.6% |
| 30 Day | 4.8% | 3.9% | 3.0% |
| 90 Day | 3.0% | 0.1% | 10.6% |
| 1 Year | 32.4%26.9% | 23.8%18.9% | 27.3%24.6% |
| 3 Year | 6.1%-6.2% | 35.5%18.4% | 50.5%40.8% |
| 5 Year | 28.4%4.1% | 46.8%16.5% | 78.9%59.1% |
Price Volatility Vs. Market
How volatile is Washington Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Introducing Washington Real Estate Investment Trust (NYSE:WRE), A Stock That Climbed 27% In The Last Year1 month ago | Simply Wall St
Is Washington Real Estate Investment Trust (NYSE:WRE) Overpaying Its CEO?2 months ago | Simply Wall St
How Washington Real Estate Investment Trust (NYSE:WRE) Can Impact Your Portfolio VolatilityValuation
Is Washington Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
30.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRE ($30.09) is trading below our estimate of fair value ($43.97)
Significantly Below Fair Value: WRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WRE is unprofitable, so we can't compare its PE Ratio to the 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 (1.8x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Washington Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-63.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: WRE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WRE's is expected to become profitable in the next 3 years.
Revenue vs Market: WRE's revenue (4.1% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: WRE's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WRE's Return on Equity is forecast to be low in 3 years time (3.4%).
Next Steps
Past Performance
How has Washington Real Estate Investment Trust performed over the past 5 years?
-17.1%
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 -17.1% 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 (8.1%).
Return on Equity
High ROE: WRE has a negative Return on Equity (-0.067%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Washington Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WRE has a high level of physical assets or inventory.
Debt Coverage by Assets: WRE's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: WRE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if WRE has a sufficient allowance for bad loans.
Low Risk Liabilities: WRE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if WRE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WRE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if WRE has an appropriate level of bad loans.
Next Steps
Dividend
What is Washington Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
3.94%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WRE's dividend (3.99%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: WRE's dividend (3.99%) is in the top 25% of dividend payers in the US market (3.66%)
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: With its reasonable payout ratio (69.4%), WRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WRE's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
Next Steps
Management
What is the CEO of Washington Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Paul McDermott (57yo)
6.3yrs
Tenure
US$3,548,997
Compensation
Mr. Paul T. McDermott serves as the Chief Executive Officer, President and Trustee at Washington Real Estate Investment Trust since October 1, 2013 and has been its Chairman of Board since May 31, 2018. Pr ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD3.55M) is about average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.0yrs
Average Tenure
51yo
Average Age
Experienced Management: WRE's management team is considered experienced (4 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: WRE's board of directors are considered experienced (5 years average tenure).
Insider Trading
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 not been meaningfully diluted in the past year.
Management Team
Steve Riffee (61yo)
Executive VP & CFO
- Tenure: 4.9yrs
- Compensation: US$1.88m
Paul McDermott (57yo)
Chairman of Board
- Tenure: 6.3yrs
- Compensation: US$3.55m
Brian Guttman
Vice President of Human Resources
- Tenure: 4yrs
Edward Murn (51yo)
Managing Director of Development & Multifamily Division
Wade Hammond (44yo)
VP, Chief Accounting Officer & Treasurer
- Tenure: 4.5yrs
Susan Gerock
Chief Information Officer & VP of Information Technology
- Tenure: 3.8yrs
Andrew Leahy
Vice President of Investments
- Tenure: 5.2yrs
Taryn Fielder (41yo)
Senior VP
- Tenure: 2.8yrs
- Compensation: US$1.07m
Deanna Schmidt
Senior Director of Marketing & Communications
- Tenure: 2.3yrs
Amy Hopkins
Vice President of Investor Relations
- Tenure: 0.5yrs
Board Members
Ed Civera (68yo)
Lead Independent Trustee
- Tenure: 1yrs
- Compensation: US$159.82k
Tom Nolan (61yo)
Independent Trustee
- Tenure: 5yrs
- Compensation: US$161.65k
Bill Byrnes (68yo)
Independent Trustee
- Tenure: 9.7yrs
- Compensation: US$159.92k
Ben Butcher (66yo)
Independent Trustee
- Tenure: 5.5yrs
- Compensation: US$147.01k
Paul McDermott (57yo)
Chairman of Board
- Tenure: 6.3yrs
- Compensation: US$3.55m
Ellen Goitia (59yo)
Independent Trustee
- Tenure: 2.6yrs
- Compensation: US$161.80k
Anthony Winns (63yo)
Independent Trustee
- Tenure: 8.5yrs
- Compensation: US$157.99k
Company Information
Washington Real Estate Investment Trust's company bio, 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$2.462b
- Market Cap: US$2.453b
- Shares outstanding: 80.61m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WRE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1971 |
| WRI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1971 |
Biography
WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C. market. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 25, 2019, the Company's portfolio of 46 properties includes approximately 4 million square feet of commercial space and 6,658 multifamily apartment units. These 46 properties consist of 17 office properties, 8 retail centers and 21 multifamily properties. Our shares trade on the NYSE and our company currently has an enterprise value of more than $3 billion as of September 30, 2019. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 23:51 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.