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WRE

Washington Real Estate Investment TrustNYSE:WRE Stock Report

Market Cap

US$2.1b

7D

-0.7%

1Y

28.6%

Updated

24 Sep, 2021

Data

Company Financials +
WRE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends3/6

WRE Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Washington Real Estate Investment Trust
Historical stock prices
Current Share PriceUS$25.08
52 Week HighUS$16.95
52 Week LowUS$27.05
Beta0.94
1 Month Change2.37%
3 Month Change6.18%
1 Year Change28.62%
3 Year Change-18.17%
5 Year Change-19.41%
Change since IPO100.64%

Recent News & Updates

Shareholder Returns

WREUS REITsUS Market
7D-0.7%-0.8%-0.5%
1Y28.6%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

Is WRE's price volatile compared to industry and market?
WRE volatility
WRE Beta0.94
Industry Beta0.83
Market Beta1

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
1960112Paul 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$2.13b
Earnings (TTM)-US$22.54m
Revenue (TTM)US$286.52m

7.4x

P/S Ratio

-94.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WRE income statement (TTM)
RevenueUS$286.52m
Cost of RevenueUS$111.55m
Gross ProfitUS$174.98m
ExpensesUS$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 Margin61.07%
Net Profit Margin-7.87%
Debt/Equity Ratio78.1%

How did WRE perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

95%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 22:23
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.