| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 1/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.46 |
| 52 Week High | US$26.79 |
| 52 Week Low | US$20.06 |
| Beta | 0.87 |
| 1 Month Change | 4.02% |
| 3 Month Change | -7.22% |
| 1 Year Change | -11.43% |
| 3 Year Change | -18.25% |
| 5 Year Change | -34.87% |
| Change since IPO | 71.68% |
Recent News & Updates
Shareholder Returns
| WRE | US REITs | US Market | |
|---|---|---|---|
| 7D | 0.5% | 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
| WRE volatility | |
|---|---|
| WRE Average Weekly Movement | 3.4% |
| REITs Industry Average Movement | 4.2% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
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 | 53 | 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$1.88b |
| Earnings (TTM) | -US$45.96m |
| Revenue (TTM) | US$186.43m |
10.1x
P/S Ratio-40.8x
P/E RatioIs WRE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WRE income statement (TTM) | |
|---|---|
| Revenue | US$186.43m |
| Cost of Revenue | US$73.51m |
| Gross Profit | US$112.92m |
| Other Expenses | US$158.88m |
| Earnings | -US$45.96m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.53 |
| Gross Margin | 60.57% |
| Net Profit Margin | -24.65% |
| Debt/Equity Ratio | 43.6% |
How did WRE perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield151%
Payout RatioDoes WRE pay a reliable dividends?
See WRE dividend history and benchmarks| Washington Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | Sep 20 2022 |
| Dividend Pay Date | Oct 05 2022 |
| Days until Ex dividend | 32 days |
| Days until Dividend pay date | 47 days |
Does WRE pay a reliable dividends?
See WRE dividend history and benchmarksValuation
Is WRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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.
| What is WRE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.88b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 12.9x |
| Enterprise Value/EBITDA | 29x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does WRE's PS Ratio compare to its peers?
| WRE PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.8x | ||
AIV Apartment Investment and Management | 7.4x | n/a | US$1.4b |
NXRT NexPoint Residential Trust | 6.8x | 5.9% | US$1.6b |
CSR Centerspace | 5.9x | 6.7% | US$1.5b |
BRG Bluerock Residential Growth REIT | 3.2x | n/a | US$1.1b |
WRE Washington Real Estate Investment Trust | 10.1x | 6.6% | 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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 10.1x |
| Fair PS Ratio | 5.3x |
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
0/6Future 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
0/6Past 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
2/6Financial 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
1/6Dividend Score 1/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.17%
Current Dividend Yield
Upcoming Dividend Payment
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.
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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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/17 00:00 |
| End of Day Share Price | 2022/08/17 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.