WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C.
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 matched the US REITs industry which returned 16% over the past year.
Return vs Market: WRE underperformed the US Market which returned 17.9% 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 week ago | Simply Wall StWhy Washington Real Estate Investment Trust (NYSE:WRE) Could Be Worth Watching
1 month ago | Simply Wall StIntroducing Washington Real Estate Investment Trust (NYSE:WRE), A Stock That Climbed 27% In The Last Year
2 months ago | Simply Wall StIs Washington Real Estate Investment Trust (NYSE:WRE) Overpaying Its CEO?
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 ($31.15) is trading below our estimate of fair value ($41.31)
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 (92x) compared to the REITs industry average (37.2x).
PE vs Market: WRE is poor value based on its PE Ratio (92x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: WRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (2.1x).
How is Washington Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRE's earnings are forecast to decline over the next 3 years (-29.5% per year).
Earnings vs Market: WRE's earnings are forecast to decline over the next 3 years (-29.5% per year).
High Growth Earnings: WRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WRE's revenue (5.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: WRE's revenue (5.3% 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.
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 $51.6M impacting its December 31 2019 financial results.
Growing Profit Margin: WRE's current net profit margins (8.8%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: WRE's earnings have declined by -27.7% per year over the past 5 years.
Accelerating Growth: WRE's earnings growth over the past year (4233.3%) exceeds its 5-year average (-27.7% per year).
Earnings vs Industry: WRE earnings growth over the past year (4233.3%) exceeded the REITs industry 7.6%.
Return on Equity
High ROE: WRE's Return on Equity (2.1%) is considered low.
Return on Assets
Return on Capital Employed
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
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.
What is Washington Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Washington Real Estate Investment Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WRE's dividend (3.85%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: WRE's dividend (3.85%) is in the top 25% of dividend payers in the US market (3.73%)
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 (71.8%), 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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul McDermott (57yo)
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 ($USD4.87M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|Chairman of Board||6.3yrs||US$3.55m||0.43% $11.0m|
|Executive VP & CFO||5yrs||US$1.88m||0.12% $3.1m|
|Senior VP||2.9yrs||US$1.07m||0.043% $1.1m|
|Vice President of Investments||5.3yrs||no data||no data|
|VP, Chief Accounting Officer & Treasurer||4.6yrs||no data||0.020% $503.2k|
|Chief Information Officer & VP of Information Technology||3.8yrs||no data||no data|
|Vice President of Investor Relations||0.6yrs||no data||no data|
|Senior Director of Marketing & Communications||2.4yrs||no data||no data|
|Vice President of Human Resources||4.1yrs||no data||no data|
|Managing Director of Development & Multifamily Division||0yrs||no data||0.027% $702.0k|
Experienced Management: WRE's management team is considered experienced (4.1 years average tenure).
|Chairman of Board||6.3yrs||US$3.55m||0.43% $11.0m|
|Lead Independent Trustee||1.1yrs||US$159.82k||0.066% $1.7m|
|Independent Trustee||5.1yrs||US$161.65k||0.023% $585.3k|
|Independent Trustee||9.8yrs||US$159.92k||0.086% $2.2m|
|Independent Trustee||5.6yrs||US$147.01k||no data|
|Independent Trustee||2.7yrs||US$161.80k||0.011% $284.7k|
|Independent Trustee||8.6yrs||US$157.99k||0.035% $895.9k|
Experienced Board: WRE's board of directors are considered experienced (5.1 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 not been meaningfully diluted in the past year.
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$2.558b
- Market Cap: US$2.558b
- Shares outstanding: 82.13m
- 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. metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. The Company's portfolio of 46 properties includes approximately 3.9 million square feet of commercial space and 6,861 multifamily apartment units. These 46 properties consist of 22 multifamily properties, 16 office properties, and 8 retail centers. Our shares trade on the NYSE and our company currently has an enterprise value of more than $3.5 billion. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:47|
|End of Day Share Price||2020/02/21 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.