WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C. More Details
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.
7 Day Return
1 Year Return
Return vs Industry: WRE underperformed the US REITs industry which returned -14.2% over the past year.
Return vs Market: WRE underperformed the US Market which returned 18.3% over the past year.
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 month ago | Simply Wall StWashington Real Estate Investment Trust's(NYSE:WRE) Share Price Is Down 35% Over The Past Three Years.
2 months ago | Simply Wall StHow Does Washington Real Estate Investment Trust's (NYSE:WRE) CEO Salary Compare to Peers?
2 months ago | Simply Wall StHow Much Of Washington Real Estate Investment Trust (NYSE:WRE) Do Institutions Own?
Is Washington Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRE ($19.25) is trading below our estimate of fair value ($31.25)
Significantly Below Fair Value: WRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WRE is poor value based on its PE Ratio (39.1x) compared to the US REITs industry average (34.5x).
PE vs Market: WRE is poor value based on its PE Ratio (39.1x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: WRE is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: WRE is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.4x).
How is Washington Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRE's forecast earnings growth (28% per year) is above the savings rate (2.2%).
Earnings vs Market: WRE's earnings (28% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WRE's revenue (4.5% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: WRE's revenue (4.5% 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 (0.4%).
How has Washington Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRE has a large one-off gain of $54.4M impacting its June 30 2020 financial results.
Growing Profit Margin: WRE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: WRE's earnings have declined by 38% per year over the past 5 years.
Accelerating Growth: WRE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: WRE has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (5.1%).
Return on Equity
High ROE: WRE's Return on Equity (3.2%) is considered low.
How is Washington Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: WRE's short term assets ($157.6M) exceed its short term liabilities ($80.7M).
Long Term Liabilities: WRE's short term assets ($157.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: WRE's debt to equity ratio (83.7%) is considered high.
Reducing Debt: WRE's debt to equity ratio has reduced from 148% to 83.7% over the past 5 years.
Debt Coverage: WRE's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: WRE's interest payments on its debt are not well covered by EBIT (0.7x coverage).
What is Washington Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WRE's dividend (6.23%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: WRE's dividend (6.23%) is in the top 25% of dividend payers in the US market (4.56%)
Stability and Growth of Payments
Stable Dividend: WRE's dividend payments have been volatile in the past 10 years.
Growing Dividend: WRE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.2%), WRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WRE's dividends in 3 years are forecast to be covered by earnings (75.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul McDermott (58 yo)
Mr. Paul T. McDermott serves as the Chief Executive Officer, President and Trustee at Washington Real Estate Investment Trust since October 1, 2013 and has been its Chairman of Board since May 31, 2018. Pr ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD3.88M) is about average for companies of similar size in the US market ($USD4.43M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|Chairman of Board||7yrs||US$3.88m||0.43% |
|Executive VP & CFO||5.67yrs||US$2.05m||0.12% |
|Senior VP||3.58yrs||US$1.23m||0.043% |
|Vice President of Investments||5.92yrs||no data||no data|
|VP, Chief Accounting Officer & Treasurer||5.25yrs||no data||0.020% |
|Chief Information Officer & VP of Information Technology||4.5yrs||no data||no data|
|Vice President of Investor Relations||1.25yrs||no data||no data|
|Senior Director of Marketing & Communications||3.08yrs||no data||no data|
|Vice President of Human Resources||4.75yrs||no data||no data|
|Managing Director of Development & Multifamily Division||no data||no data||0.027% |
|Vice President of Asset Management||no data||US$156.45k||no data|
|Controller||2.75yrs||no data||no data|
Experienced Management: WRE's management team is considered experienced (4.6 years average tenure).
|Chairman of Board||7yrs||US$3.88m||0.43% |
|Lead Independent Trustee||1.75yrs||US$187.79k||0.070% |
|Independent Trustee||5.75yrs||US$161.72k||0.027% |
|Independent Trustee||10.42yrs||US$150.72k||0.094% |
|Independent Trustee||6.25yrs||US$148.55k||no data|
|Independent Trustee||3.33yrs||US$158.97k||0.015% |
|Independent Trustee||9.25yrs||US$159.47k||0.039% |
Experienced Board: WRE's board of directors are considered experienced (5.8 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Washington Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Washington Real Estate Investment Trust
- Ticker: WRE
- Exchange: NYSE
- Founded: 1960
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$1.585b
- Market Cap: US$1.585b
- Shares outstanding: 82.36m
- Website: https://www.washreit.com
Number of Employees
- Washington Real Estate Investment Trust
- 1775 Eye Street, NW
- Suite 1000
- District Of Columbia
- United States
|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|
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 strat ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/25 00:37|
|End of Day Share Price||2020/10/23 00:00|
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.