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WRE

Washington Real Estate Investment Trust NYSE:WRE Stock Report

Last Price

US$21.46

Market Cap

US$1.9b

7D

0.5%

1Y

-11.4%

Updated

17 Aug, 2022

Data

Company Financials +
WRE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends1/6

WRE Stock Overview

WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area.

Washington Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Washington Real Estate Investment Trust
Historical stock prices
Current Share PriceUS$21.46
52 Week HighUS$26.79
52 Week LowUS$20.06
Beta0.87
1 Month Change4.02%
3 Month Change-7.22%
1 Year Change-11.43%
3 Year Change-18.25%
5 Year Change-34.87%
Change since IPO71.68%

Recent News & Updates

Shareholder Returns

WREUS REITsUS Market
7D0.5%1.1%1.1%
1Y-11.4%-2.9%-9.0%

Return vs Industry: WRE underperformed the US REITs industry which returned -3.3% over the past year.

Return vs Market: WRE underperformed the US Market which returned -8.9% over the past year.

Price Volatility

Is WRE's price volatile compared to industry and market?
WRE volatility
WRE Average Weekly Movement3.4%
REITs Industry Average Movement4.2%
Market Average Movement7.6%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

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

FoundedEmployeesCEOWebsite
196053Paul McDermotthttps://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

How do Washington Real Estate Investment Trust's earnings and revenue compare to its market cap?
WRE fundamental statistics
Market CapUS$1.88b
Earnings (TTM)-US$45.96m
Revenue (TTM)US$186.43m

10.1x

P/S Ratio

-40.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WRE income statement (TTM)
RevenueUS$186.43m
Cost of RevenueUS$73.51m
Gross ProfitUS$112.92m
Other ExpensesUS$158.88m
Earnings-US$45.96m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.53
Gross Margin60.57%
Net Profit Margin-24.65%
Debt/Equity Ratio43.6%

How did WRE perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

151%

Payout Ratio

Does WRE pay a reliable dividends?

See WRE dividend history and benchmarks
When do you need to buy WRE by to receive an upcoming dividend?
Washington Real Estate Investment Trust dividend dates
Ex Dividend DateSep 20 2022
Dividend Pay DateOct 05 2022
Days until Ex dividend32 days
Days until Dividend pay date47 days

Does WRE pay a reliable dividends?

See WRE dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is WRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WRE?

Other financial metrics that can be useful for relative valuation.

WRE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.9x
Enterprise Value/EBITDA29x
PEG Ration/a

Price to Sales Ratio vs Peers

How does WRE's PS Ratio compare to its peers?

WRE PS Ratio vs Peers
The above table shows the PS ratio for WRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.8x
AIV Apartment Investment and Management
7.4xn/aUS$1.4b
NXRT NexPoint Residential Trust
6.8x5.9%US$1.6b
CSR Centerspace
5.9x6.7%US$1.5b
BRG Bluerock Residential Growth REIT
3.2xn/aUS$1.1b
WRE Washington Real Estate Investment Trust
10.1x6.6%US$1.9b

Price-To-Sales vs Peers: WRE is expensive based on its Price-To-Sales Ratio (10.1x) compared to the peer average (5.8x).


Price to Earnings Ratio vs Industry

How does WRE's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Sales vs Industry: WRE is expensive based on its Price-To-Sales Ratio (10.1x) compared to the US REITs industry average (6x)


Price to Sales Ratio vs Fair Ratio

What is WRE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WRE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.1x
Fair PS Ratio5.3x

Price-To-Sales vs Fair Ratio: WRE is expensive based on its Price-To-Sales Ratio (10.1x) compared to the estimated Fair Price-To-Sales Ratio (5.3x).


Share Price vs Fair Value

What is the Fair Price of WRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WRE ($21.46) is trading below our estimate of fair value ($28.89)

Significantly Below Fair Value: WRE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Washington Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.4%

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 (6.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: WRE's revenue (6.6% 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.


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Past Performance

How has Washington Real Estate Investment Trust performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-59.3%

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 59.3% 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 (47.9%).


Return on Equity

High ROE: WRE has a negative Return on Equity (-3.51%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Washington Real Estate Investment Trust's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WRE's short term assets ($96.3M) exceed its short term liabilities ($54.8M).

Long Term Liabilities: WRE's short term assets ($96.3M) do not cover its long term liabilities ($576.0M).


Debt to Equity History and Analysis

Debt Level: WRE's net debt to equity ratio (40%) is considered high.

Reducing Debt: WRE's debt to equity ratio has reduced from 112% to 43.6% over the past 5 years.

Debt Coverage: WRE's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: Insufficient data to determine if WRE's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Washington Real Estate Investment Trust current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.17%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 18 2022Ex Dividend DateSep 20 2022Dividend Pay DateOct 05 202215 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WRE's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: WRE's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.95%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (150.6%), WRE's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (102.7%), WRE's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Paul McDermott (60 yo)

8.83yrs

Tenure

US$4,416,256

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 ($USD4.42M) is about average for companies of similar size in the US market ($USD5.43M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WRE's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: WRE's board of directors are considered experienced (8.5 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 3.3%.


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: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$1.876b
  • Market Cap: US$1.876b
  • Shares outstanding: 87.41m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.