NYSE:WRI

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Weingarten Realty Investors

Executive Summary

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Weingarten Realty Investors's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WRI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: WRI's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

0.5%

WRI

0.07%

US REITs

2.8%

US Market


1 Year Return

-30.7%

WRI

-8.6%

US REITs

20.9%

US Market

Return vs Industry: WRI underperformed the US REITs industry which returned -8.7% over the past year.

Return vs Market: WRI underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

WRIIndustryMarket
7 Day0.5%0.07%2.8%
30 Day38.2%9.6%11.1%
90 Day24.2%2.1%6.5%
1 Year-26.8%-30.7%-4.8%-8.6%23.6%20.9%
3 Year-15.0%-33.2%17.8%3.8%47.3%37.6%
5 Year-11.8%-35.7%47.6%17.9%94.3%72.9%

Long-Term Price Volatility Vs. Market

How volatile is Weingarten Realty Investors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Weingarten Realty Investors undervalued compared to its fair value and its price relative to the market?

15.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WRI ($22.06) is trading below our estimate of fair value ($26.06)

Significantly Below Fair Value: WRI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WRI is good value based on its PE Ratio (17.1x) compared to the US REITs industry average (37.8x).

PE vs Market: WRI is good value based on its PE Ratio (17.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: WRI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WRI is overvalued based on its PB Ratio (1.7x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

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

-32.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WRI's earnings are forecast to decline over the next 3 years (-32.3% per year).

Earnings vs Market: WRI's earnings are forecast to decline over the next 3 years (-32.3% per year).

High Growth Earnings: WRI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WRI's revenue (2.8% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: WRI's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WRI's Return on Equity is forecast to be low in 3 years time (5%).


Next Steps

Past Performance

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

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WRI has a large one-off gain of $77.6M impacting its September 30 2020 financial results.

Growing Profit Margin: WRI's current net profit margins (37.2%) are lower than last year (60.6%).


Past Earnings Growth Analysis

Earnings Trend: WRI's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: WRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WRI had negative earnings growth (-45.2%) over the past year, making it difficult to compare to the REITs industry average (2%).


Return on Equity

High ROE: WRI's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Weingarten Realty Investors's financial position?


Financial Position Analysis

Short Term Liabilities: WRI's short term assets ($143.5M) exceed its short term liabilities ($132.7M).

Long Term Liabilities: WRI's short term assets ($143.5M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: WRI's debt to equity ratio (92.7%) is considered high.

Reducing Debt: WRI's debt to equity ratio has reduced from 136.3% to 92.7% over the past 5 years.

Debt Coverage: WRI's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: WRI's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Next Steps

Dividend

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

3.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WRI's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: WRI's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: WRI's dividends per share have been stable in the past 10 years.

Growing Dividend: WRI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.6%), WRI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WRI's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Drew Alexander (63 yo)

19.83yrs

Tenure

US$6,360,288

Compensation

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 Weing...


CEO Compensation Analysis

Compensation vs Market: Drew's total compensation ($USD6.36M) is about average for companies of similar size in the US market ($USD5.14M).

Compensation vs Earnings: Drew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Alexander
Chairman19.83yrsUS$6.36m1.7%
$ 48.5m
Stephen Richter
Executive VP & CFO20.83yrsUS$3.38m0.35%
$ 10.1m
Johnny Hendrix
Executive VP & COO10.5yrsUS$3.13m0.26%
$ 7.5m
Joe Shafer
Senior VP21.83yrsno datano data
Michelle Wiggs
Vice President of Investor Relations8.83yrsno datano data
Mark Stout
Senior VP & General Counselno datano datano data
Carrie Murray
Marketing & Communications Directorno datano datano data
Michael Townsell
Senior Vice President of Human Resources15yrsno datano data
Alan Kofoed
Senior Vice President of Construction9.67yrsno datano data
F. Goeke
Senior Vice President of Property Managementno datano datano data
Gerald Crump
Senior VP & Director of Central Regionno datano datano data
Richard Carson
Senior Vice President of Development & Acquisitions3.67yrsno datano data

12.8yrs

Average Tenure

63yo

Average Age

Experienced Management: WRI's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Alexander
Chairman19.83yrsUS$6.36m1.7%
$ 48.5m
Stephen Lasher
Independent Trust Manager40.83yrsUS$194.00k0.18%
$ 5.1m
C. Shaper
Independent Trust Manager13.33yrsUS$196.00k0.052%
$ 1.5m
Thomas Ryan
Independent Trust Manager8.25yrsUS$195.00k0.038%
$ 1.1m
Stanford Alexander
Chairman Emeritus1.75yrsUS$406.69k3.52%
$ 100.6m
Marc J. Shapiro
Independent Trust Manager35.83yrsUS$193.00k0.13%
$ 3.8m
Douglas Schnitzer
Independent Trust Manager36.83yrsUS$192.00k0.060%
$ 1.7m
Shelaghmichael Brown
Lead Independent Trust Managerno dataUS$191.00k0.026%
$ 736.6k

13.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: WRI's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WRI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Weingarten Realty Investors's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Weingarten Realty Investors
  • Ticker: WRI
  • Exchange: NYSE
  • Founded: 1948
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$2.859b
  • Market Cap: US$2.827b
  • Shares outstanding: 129.58m
  • Website: https://www.weingarten.com

Number of Employees


Location

  • Weingarten Realty Investors
  • 2600 Citadel Plaza Drive
  • Suite 125
  • Houston
  • Texas
  • 77008
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WRINYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1975
WP4DB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1975
WRI.PRFNYSE (New York Stock Exchange)PFD F 1/100USUSDJan 2007

Biography

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, the Company owned or operated under long-term leases, either directly or through its intere...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:53
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.