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Weingarten Realty Investors

Market Cap

US$4.1b

Last Updated

2021/05/12 22:41 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

6 star dividend payer with imperfect balance sheet.


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 +/- 5% a week.

Volatility Over Time: WRI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

WRI

-1.7%

US REITs

-2.8%

US Market


1 Year Return

113.6%

WRI

37.7%

US REITs

49.4%

US Market

Return vs Industry: WRI exceeded the US REITs industry which returned 37.1% over the past year.

Return vs Market: WRI exceeded the US Market which returned 48.6% over the past year.


Shareholder returns

WRIIndustryMarket
7 Day-0.9%-1.7%-2.8%
30 Day16.1%1.1%-2.3%
90 Day26.8%6.5%-1.3%
1 Year126.0%113.6%43.4%37.7%51.8%49.4%
3 Year44.5%16.0%41.7%24.7%57.5%47.6%
5 Year19.6%-14.3%50.4%20.2%121.7%97.1%

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?

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WRI ($31.47) is trading below our estimate of fair value ($38.36)

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 poor value based on its PE Ratio (45.6x) compared to the US REITs industry average (45.2x).

PE vs Market: WRI is poor value based on its PE Ratio (45.6x) compared to the US market (19.9x).


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 (2.5x) compared to the US REITs industry average (1.8x).


Future Growth

How is Weingarten Realty Investors forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-5.5%

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 (-5.5% per year).

Earnings vs Market: WRI's earnings are forecast to decline over the next 3 years (-5.5% 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 (8.8% 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: Insufficient data to determine if WRI's Return on Equity is forecast to be high in 3 years time


Past Performance

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

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WRI has a large one-off gain of $36.5M impacting its March 31 2021 financial results.

Growing Profit Margin: WRI's current net profit margins (19.7%) are lower than last year (67.1%).


Past Earnings Growth Analysis

Earnings Trend: WRI's earnings have declined by 3.9% 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 (-72.5%) over the past year, making it difficult to compare to the REITs industry average (-8.8%).


Return on Equity

High ROE: WRI's Return on Equity (5.3%) is considered low.


Financial Health

How is Weingarten Realty Investors's financial position?


Financial Position Analysis

Short Term Liabilities: WRI's short term assets ($131.8M) exceed its short term liabilities ($83.6M).

Long Term Liabilities: WRI's short term assets ($131.8M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: WRI's debt to equity ratio (98.6%) is considered high.

Reducing Debt: WRI's debt to equity ratio has reduced from 133.8% to 98.6% over the past 5 years.

Debt Coverage: WRI's debt is not well covered by operating cash flow (12.4%).

Interest Coverage: WRI's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

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

3.81%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 13 2021Ex Dividend DateJun 09 2021Dividend Pay DateJun 15 20216 days from Ex DividendBuy in the next 27 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WRI's dividend (3.81%) is higher than the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: WRI's dividend (3.81%) is in the top 25% of dividend payers in the US market (3.43%)


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.5%), WRI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WRI's dividends in 3 years are forecast to be covered by earnings (65.2% payout ratio).


Next Steps

Management

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

13.3yrs

Average management tenure


CEO

Drew Alexander (63 yo)

20.33yrs

Tenure

US$5,698,602

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 ($USD5.70M) is about average for companies of similar size in the US market ($USD5.33M).

Compensation vs Earnings: Drew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WRI's management team is seasoned and experienced (13.3 years average tenure).


Board Members

Experienced Board: WRI's board of directors are seasoned and experienced ( 13.8 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.


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$4.063b
  • Market Cap: US$4.016b
  • Shares outstanding: 129.06m
  • Website: https://www.weingarten.com

Number of Employees


Location

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

Listings


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 Analysis2021/05/12 22:41
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
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.