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Weingarten Realty Investors

NYSE:WRI
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WRI
NYSE
$4B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. The last earnings update was 21 days ago. More info.


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WRI Share Price and Events
7 Day Returns
0.9%
NYSE:WRI
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
2.6%
NYSE:WRI
13.8%
US REITs
1.3%
US Market
WRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Weingarten Realty Investors (WRI) 0.9% 0.2% -1% 2.6% -22.4% -8.2%
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • WRI underperformed the REITs industry which returned 13.8% over the past year.
  • WRI outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
WRI
Industry
5yr Volatility vs Market

WRI Value

 Is Weingarten Realty Investors undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Weingarten Realty Investors to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Weingarten Realty Investors.

NYSE:WRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:WRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (48.57%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.821 * 5.96%)
7.62%

Discounted Cash Flow Calculation for NYSE:WRI using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Weingarten Realty Investors is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Weingarten Realty Investors is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:WRI DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.62%)
2019 221.02 Analyst x5 205.37
2020 228.54 Analyst x5 197.32
2021 237.31 Analyst x3 190.38
2022 240.30 Analyst x1 179.13
2023 256.80 Analyst x1 177.87
2024 265.46 Est @ 3.37% 170.85
2025 273.90 Est @ 3.18% 163.80
2026 282.24 Est @ 3.05% 156.83
2027 290.57 Est @ 2.95% 150.03
2028 298.95 Est @ 2.88% 143.42
Present value of next 10 years cash flows $1,735.00
NYSE:WRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $298.95 × (1 + 2.73%) ÷ (7.62% – 2.73%)
$6,278.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,278.87 ÷ (1 + 7.62%)10
$3,012.33
NYSE:WRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,735.00 + $3,012.33
$4,747.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,747.32 / 130.08
$36.76
NYSE:WRI Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.76
Current discount Discount to share price of $29.19
= -1 x ($29.19 - $36.76) / $36.76
20.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Weingarten Realty Investors is available for.
Intrinsic value
21%
Share price is $29.19 vs Future cash flow value of $36.76
Current Discount Checks
For Weingarten Realty Investors to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Weingarten Realty Investors's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Weingarten Realty Investors's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Weingarten Realty Investors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Weingarten Realty Investors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.81
NYSE:WRI Share Price ** NYSE (2019-05-24) in USD $29.19
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Weingarten Realty Investors.

NYSE:WRI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WRI Share Price ÷ EPS (both in USD)

= 29.19 ÷ 1.81

16.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Weingarten Realty Investors is good value based on earnings compared to the US REITs industry average.
  • Weingarten Realty Investors is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Weingarten Realty Investors's expected growth come at a high price?
Raw Data
NYSE:WRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-8.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NYSE:WRI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.16x ÷ -8.2%

-1.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Weingarten Realty Investors earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Weingarten Realty Investors's assets?
Raw Data
NYSE:WRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.30
NYSE:WRI Share Price * NYSE (2019-05-24) in USD $29.19
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:WRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WRI Share Price ÷ Book Value per Share (both in USD)

= 29.19 ÷ 12.30

2.37x

* Primary Listing of Weingarten Realty Investors.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Weingarten Realty Investors is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Weingarten Realty Investors's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Weingarten Realty Investors has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WRI Future Performance

 How is Weingarten Realty Investors expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Weingarten Realty Investors expected to grow at an attractive rate?
  • Weingarten Realty Investors's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Weingarten Realty Investors's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Weingarten Realty Investors's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WRI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WRI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -8.2%
NYSE:WRI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -0.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:WRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WRI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 115
2022-12-31 117
2021-12-31 509 129 2
2020-12-31 494 131 4
2019-12-31 499 136 1
NYSE:WRI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 522 283 230
2018-12-31 531 286 328
2018-09-30 543 263 436
2018-06-30 558 269 466
2018-03-31 562 275 451
2017-12-31 573 270 335
2017-09-30 577 274 211
2017-06-30 571 269 191
2017-03-31 561 251 163
2016-12-31 550 252 239
2016-09-30 523 259 242
2016-06-30 520 248 234

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Weingarten Realty Investors's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Weingarten Realty Investors's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Weingarten Realty Investors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WRI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.90 0.90 0.90 1.00
2022-12-31 0.92 0.92 0.92 1.00
2021-12-31 1.01 1.05 0.96 2.00
2020-12-31 1.01 1.16 0.94 4.00
2019-12-31 1.09 1.20 0.97 4.00
NYSE:WRI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.81
2018-12-31 2.57
2018-09-30 3.41
2018-06-30 3.65
2018-03-31 3.53
2017-12-31 2.62
2017-09-30 1.66
2017-06-30 1.50
2017-03-31 1.28
2016-12-31 1.90
2016-09-30 1.94
2016-06-30 1.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Weingarten Realty Investors will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Weingarten Realty Investors's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Weingarten Realty Investors has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WRI Past Performance

  How has Weingarten Realty Investors performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Weingarten Realty Investors's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Weingarten Realty Investors's year on year earnings growth rate has been positive over the past 5 years.
  • Weingarten Realty Investors's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Weingarten Realty Investors's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Weingarten Realty Investors's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Weingarten Realty Investors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WRI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 521.83 230.44 28.38
2018-12-31 531.15 327.60 24.60
2018-09-30 542.70 436.06 26.40
2018-06-30 558.02 465.71 26.54
2018-03-31 561.95 451.27 26.62
2017-12-31 573.16 335.27 28.44
2017-09-30 576.66 211.45 27.79
2017-06-30 571.15 190.72 29.07
2017-03-31 560.80 162.69 28.94
2016-12-31 549.56 238.93 27.27
2016-09-30 522.67 242.07 27.58
2016-06-30 519.95 233.57 26.58
2016-03-31 519.66 222.97 26.65
2015-12-31 512.84 160.84 27.68
2015-09-30 528.46 199.83 27.04
2015-06-30 528.08 254.05 27.00
2015-03-31 526.93 258.08 26.36
2014-12-31 514.41 232.24 24.90
2014-09-30 548.45 187.93 24.44
2014-06-30 541.38 107.61 24.26
2014-03-31 533.86 41.86 24.62
2013-12-31 526.21 52.73 25.37
2013-09-30 488.80 28.98 26.25
2013-06-30 487.60 23.19 26.70
2013-03-31 479.00 44.53 26.90
2012-12-31 469.52 14.67 28.54
2012-09-30 480.28 3.07 27.68
2012-06-30 479.79 -38.84 27.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Weingarten Realty Investors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Weingarten Realty Investors used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Weingarten Realty Investors's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Weingarten Realty Investors's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Weingarten Realty Investors has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WRI Health

 How is Weingarten Realty Investors's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Weingarten Realty Investors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Weingarten Realty Investors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Weingarten Realty Investors's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Weingarten Realty Investors's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Weingarten Realty Investors Company Filings, last reported 1 month ago.

NYSE:WRI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,760.43 1,830.98 60.57
2018-12-31 1,750.70 1,794.68 65.87
2018-09-30 1,922.72 1,793.13 24.41
2018-06-30 1,923.99 1,827.18 13.10
2018-03-31 1,906.34 1,928.57 88.24
2017-12-31 1,809.84 2,081.15 15.25
2017-09-30 1,785.36 2,214.32 40.08
2017-06-30 1,760.11 2,291.47 7.28
2017-03-31 1,746.86 2,323.45 4.49
2016-12-31 1,716.90 2,356.53 16.38
2016-09-30 1,694.51 2,325.01 9.77
2016-06-30 1,669.71 2,060.46 14.53
2016-03-31 1,622.59 2,193.94 29.77
2015-12-31 1,545.01 2,114.00 24.83
2015-09-30 1,537.36 2,117.30 15.65
2015-06-30 1,536.90 2,088.01 17.13
2015-03-31 1,675.53 1,942.36 44.11
2014-12-31 1,638.94 1,930.12 27.08
2014-09-30 1,627.25 2,008.09 17.01
2014-06-30 1,567.01 2,073.89 20.80
2014-03-31 1,569.93 2,096.50 14.07
2013-12-31 1,687.98 2,300.32 96.86
2013-09-30 1,594.29 2,294.44 64.57
2013-06-30 1,551.35 2,351.30 36.99
2013-03-31 1,667.74 2,326.49 63.74
2012-12-31 1,740.16 2,204.80 29.53
2012-09-30 1,796.85 2,228.25 29.94
2012-06-30 1,797.27 2,195.47 25.95
  • Weingarten Realty Investors's level of debt (104%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (133.5% vs 104% today).
  • Debt is not well covered by operating cash flow (15.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Weingarten Realty Investors's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Weingarten Realty Investors has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WRI Dividends

 What is Weingarten Realty Investors's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.41%
Current annual income from Weingarten Realty Investors dividends. Estimated to be 5.88% next year.
If you bought $2,000 of Weingarten Realty Investors shares you are expected to receive $108 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Weingarten Realty Investors's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Weingarten Realty Investors's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase Weingarten Realty Investors before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:WRI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WRI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.65 2.00
2022-12-31 1.64 2.00
2021-12-31 1.63 3.00
2020-12-31 1.64 7.00
2019-12-31 1.85 8.00
NYSE:WRI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 1.580 5.460
2019-04-30 1.580 5.438
2019-02-28 1.580 5.510
2019-02-20 1.580 5.419
2018-10-31 1.580 5.722
2018-10-25 1.580 5.644
2018-08-01 1.580 5.339
2018-07-31 1.580 5.202
2018-05-02 1.580 5.361
2018-04-25 1.580 5.816
2018-02-28 1.580 5.727
2018-02-23 1.580 5.758
2018-02-22 1.580 5.736
2017-10-24 1.540 4.961
2017-07-27 1.540 4.768
2017-05-03 1.540 4.998
2017-04-25 1.540 4.635
2017-02-28 1.540 4.581
2017-02-22 1.540 4.258
2016-11-09 1.460 4.099
2016-10-28 1.460 4.165
2016-08-01 1.460 3.683
2016-07-29 1.460 3.371
2016-05-02 1.460 3.710
2016-04-22 1.460 3.888
2016-02-24 1.460 3.953
2016-02-17 1.460 4.153
2015-11-02 1.380 4.028
2015-10-30 1.380 3.833
2015-08-03 1.380 4.122
2015-07-29 1.380 3.924
2015-05-04 1.380 4.083
2015-04-29 1.380 4.151
2015-02-19 1.380 3.899
2015-02-17 1.380 3.815
2014-10-23 1.300 3.612
2014-07-24 1.300 3.925
2014-04-24 1.300 4.042
2014-02-26 1.300 4.289
2014-02-18 1.300 4.223
2013-10-31 1.220 4.216
2013-07-31 1.220 4.075
2013-02-14 1.220 3.822
2012-10-31 1.160 4.211
2012-08-07 1.160 4.167
2012-05-08 1.160 4.446
2012-02-29 1.160 4.482
2011-10-31 1.100 4.912
2011-08-02 1.100 4.956
2011-05-04 1.100 4.300
2011-02-28 1.100 4.407
2010-11-01 1.040 4.289
2010-08-05 1.040 4.777
2010-05-06 1.040 5.046
2010-02-24 1.040 4.655
2009-10-26 1.000 5.145
2009-07-30 1.000 5.208

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Weingarten Realty Investors's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (183.2x coverage).
X
Income/ dividend checks
We assess Weingarten Realty Investors's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Weingarten Realty Investors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Weingarten Realty Investors has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WRI Management

 What is the CEO of Weingarten Realty Investors's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Drew Alexander
COMPENSATION $4,758,715
AGE 61
TENURE AS CEO 18.3 years
CEO Bio

Mr. Andrew M. Alexander, also known as Drew, has been the Chief Executive Officer at Weingarten Realty Investors since January 2001 and has been its President since 1997. Mr. Alexander is Chairman of Weingarten Realty Investors since February 2019. Mr. Alexander served as an Executive Vice President and Asset Manager at Weingarten Realty from 1993 to 1996. He joined Weingarten Realty in 1978 as a Leasing Executive in the Retail Division. He served as the President at Weingarten Realty Management Company since 1993, Senior Vice President and Asset Manager from 1991 to 1993 and Vice President from 1990 to 1991 and prior to Weingarten Realty Investors' reorganization in 1984, Vice President from 1988 to 1990. He is active in a number of civic and charitable organizations. He serves as Trustee of the International Council of Shopping Centers Inc. He has been Trust Manager of WeingarTen Realty Investors since 1983. He has been a Director of Susser Holdings Corporation since September 12, 2013. Mr. Alexander serves on the board of the Texas Medical Center Corporation, Gladney Center Endowment and Houston Food Bank Endowment. He served as a Director of Greater Houston Partnership, Inc. and Academy Sports and Outdoors, Inc. He served as Director of Charter Bancshares Inc. and of its subsidiary, Charter National Bank - Houston since 1984. He served on a number of Boards including Houston Achievement Place, The Gladney Center and The Houston Food Bank. Mr. Alexander was a Trustee of the National Association of Real Estate Investment Trust. He served as Director of International Council Of Shopping Centers Inc. He graduated with highest Honors majoring in Real Estate from the University of Texas (Austin).

CEO Compensation
  • Drew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Drew's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Weingarten Realty Investors management team in years:

13.5
Average Tenure
61
Average Age
  • The average tenure for the Weingarten Realty Investors management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Drew Alexander

TITLE
Chairman
COMPENSATION
$5M
AGE
61
TENURE
18.3 yrs

Steve Richter

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
63
TENURE
19.3 yrs

Johnny Hendrix

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
60
TENURE
9 yrs

Joe Shafer

TITLE
Senior VP
TENURE
20.3 yrs

Michelle Wiggs

TITLE
Vice President of Investor Relations
TENURE
7.3 yrs

Mark Stout

TITLE
Senior VP & General Counsel

Carrie Murray

TITLE
Marketing & Communications Director

Mickey Townsell

TITLE
Senior Vice President of Human Resources
TENURE
13.5 yrs

Alan Kofoed

TITLE
Senior Vice President of Construction
TENURE
8.2 yrs

Bill Goeke

TITLE
Senior Vice President of Property Management
Board of Directors Tenure

Average tenure and age of the Weingarten Realty Investors board of directors in years:

11.8
Average Tenure
64.5
Average Age
  • The average tenure for the Weingarten Realty Investors board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Drew Alexander

TITLE
Chairman
COMPENSATION
$5M
AGE
61
TENURE
0.3 yrs

Stanford Alexander

TITLE
Chairman Emeritus
COMPENSATION
$290K
AGE
89
TENURE
0.3 yrs

C. Shaper

TITLE
Trust Manager
COMPENSATION
$198K
AGE
49
TENURE
11.8 yrs

Shelaghmichael Brown

TITLE
Lead Independent Trust Manager
COMPENSATION
$193K
AGE
68

Tom Ryan

TITLE
Trust Manager
COMPENSATION
$197K
AGE
53
TENURE
6.8 yrs

Douglas Schnitzer

TITLE
Trust Manager
COMPENSATION
$192K
AGE
61
TENURE
35.3 yrs

Marc Shapiro

TITLE
Trust Manager
COMPENSATION
$195K
AGE
70
TENURE
34.3 yrs

Steve Lasher

TITLE
Trust Manager
COMPENSATION
$196K
AGE
70
TENURE
39.3 yrs
Who owns this company?
Recent Insider Trading
  • Weingarten Realty Investors insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. May 19 Sell Stephen Lasher Individual 02. May 19 02. May 19 -145,000 $29.25 $-4,241,250
X
Management checks
We assess Weingarten Realty Investors's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Weingarten Realty Investors has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WRI News

Simply Wall St News

Does Weingarten Realty Investors (NYSE:WRI) Have A Particularly Volatile Share Price?

If you're interested in Weingarten Realty Investors (NYSE:WRI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

What To Know Before Buying Weingarten Realty Investors (NYSE:WRI) For Its Dividend

Could Weingarten Realty Investors (NYSE:WRI) be an attractive dividend share to own for the long haul? … A high yield and a long history of paying dividends is an appealing combination for Weingarten Realty Investors. … Explore this interactive chart for our latest analysis on Weingarten Realty Investors!

Simply Wall St -

Does Weingarten Realty Investors's (NYSE:WRI) CEO Pay Compare Well With Peers?

How Does Drew Alexander's Compensation Compare With Similar Sized Companies. … Our data indicates that Weingarten Realty Investors is worth US$3.8b, and total annual CEO compensation is US$4.8m. … The median total CEO compensation was US$4.8m.

Simply Wall St -

Those Who Purchased Weingarten Realty Investors (NYSE:WRI) Shares Three Years Ago Have A 26% Loss To Show For It

We regret to report that long term Weingarten Realty Investors (NYSE:WRI) shareholders have had that experience, with the share price dropping 26% in three years, versus a market return of about 48%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the unfortunate three years of share price decline, Weingarten Realty Investors actually saw its earnings per share (EPS) improve by 25% per year.

Simply Wall St -

What Kind Of Investor Owns Most Of Weingarten Realty Investors (NYSE:WRI)?

A look at the shareholders of Weingarten Realty Investors (NYSE:WRI) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of US$3.9b, Weingarten Realty Investors is rather large.

Simply Wall St -

Why Weingarten Realty Investors (NYSE:WRI) Could Have A Place In Your Portfolio

Participate in a short research study and receive a subscription valued at $60. … Weingarten Realty Investors (NYSE:WRI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Is Weingarten Realty Investors (NYSE:WRI) A Healthy REIT?

Weingarten Realty Investors is a US$3.3b. … View our latest analysis for Weingarten Realty Investors. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Is Weingarten Realty Investors (NYSE:WRI) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Weingarten Realty Investors (NYSE:WRI). … Over the last twelve months Weingarten Realty Investors has recorded a ROE of 24%.

Simply Wall St -

Have Insiders Been Selling Weingarten Realty Investors (NYSE:WRI) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Weingarten Realty Investors (NYSE:WRI). … Weingarten Realty Investors Insider Transactions Over The Last Year. … So we know that an insider sold shares at around the present share price of US$28.21.

Simply Wall St -

Why Weingarten Realty Investors's (NYSE:WRI) CEO Salary Matters To You

Drew Alexander became the CEO of Weingarten Realty Investors (NYSE:WRI) in 2001. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Weingarten Realty Investors has a market capitalization of US$3.8b, and pays its CEO total annual compensation worth US$5m.

Simply Wall St -

WRI Company Info

Description

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 177 properties which are located in 17 states spanning the country from coast to coast. These properties represent approximately 34.6 million square feet of which our interests in these properties aggregated approximately 22.6 million square feet of leasable area.

Details
Name: Weingarten Realty Investors
WRI
Exchange: NYSE
Founded: 1948
$3,769,664,787
$3,755,181,118
130,078,150
Website: http://www.weingarten.com
Address: Weingarten Realty Investors
2600 Citadel Plaza Drive,
Suite 125,
Houston,
Texas, 77008,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WRI Common Shares New York Stock Exchange US USD 06. Jan 1975
DB WP4 Common Shares Deutsche Boerse AG DE EUR 06. Jan 1975
NYSE WRI PRFCL PFD F 1/100 New York Stock Exchange US USD 26. Jan 2007
Number of employees
Current staff
Staff numbers
254
Weingarten Realty Investors employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:48
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.