Weingarten Realty Investors
Market Cap
US$4.1b
Last Updated
2019/12/06 23:44 UTC
Data Sources
Company Financials +
Executive Summary
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -27.3% per year for the next 3 years
Snowflake Analysis
Good value average dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
WRI
-0.7%
US REITs
-0.3%
US Market
1 Year Return
8.8%
WRI
12.2%
US REITs
18.6%
US Market
Return vs Industry: WRI underperformed the US REITs industry which returned 12.2% over the past year.
Return vs Market: WRI underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| WRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -0.7% | -0.3% |
| 30 Day | -2.3% | 0.6% | 2.2% |
| 90 Day | 14.8% | -0.8% | 5.6% |
| 1 Year | 21.4%8.8% | 17.0%12.2% | 21.1%18.6% |
| 3 Year | 9.9%-13.0% | 35.2%18.3% | 45.6%36.2% |
| 5 Year | 26.1%-8.6% | 56.0%23.8% | 71.1%52.2% |
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
2 weeks ago | Simply Wall St
The Weingarten Realty Investors (NYSE:WRI) Share Price Is Down 14% So Some Shareholders Are Getting Worried1 month ago | Simply Wall St
What Did Weingarten Realty Investors's (NYSE:WRI) CEO Take Home Last Year?1 month ago | Simply Wall St
Could Weingarten Realty Investors's (NYSE:WRI) Investor Composition Influence The Stock Price?Valuation
Is Weingarten Realty Investors undervalued compared to its fair value and its price relative to the market?
22.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRI ($31.18) is trading below our estimate of fair value ($40.25)
Significantly Below Fair Value: WRI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WRI is good value based on its PE Ratio (13.3x) compared to the REITs industry average (38.8x).
PE vs Market: WRI is good value based on its PE Ratio (13.3x) compared to the US market (18.5x).
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 (2.4x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Weingarten Realty Investors forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-27.3%
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 (-27.3% per year).
Earnings vs Market: WRI's earnings are forecast to decline over the next 3 years (-27.3% per year).
High Growth Earnings: WRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WRI's revenue (2.3% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: WRI's revenue (2.3% 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 (7.1%).
Next Steps
Past Performance
How has Weingarten Realty Investors performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRI has a large one-off gain of $173.4M impacting its September 30 2019 financial results.
Growing Profit Margin: WRI's current net profit margins (60.6%) are lower than last year (80.4%).
Past Earnings Growth Analysis
Earnings Trend: WRI's earnings have grown by 10.8% 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 (-31.3%) over the past year, making it difficult to compare to the REITs industry average (8.3%).
Return on Equity
High ROE: WRI's Return on Equity (16.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Weingarten Realty Investors's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WRI has a high level of physical assets or inventory.
Debt Coverage by Assets: WRI's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: WRI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if WRI has a sufficient allowance for bad loans.
Low Risk Liabilities: WRI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if WRI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WRI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if WRI has an appropriate level of bad loans.
Next Steps
Dividend
What is Weingarten Realty Investors's current dividend yield, its reliability and sustainability?
5.07%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WRI's dividend (5.07%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: WRI's dividend (5.07%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: WRI's dividend payments have been volatile 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 (74.4%), 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 thoroughly covered by earnings (0.5% payout ratio).
Next Steps
Management
What is the CEO of Weingarten Realty Investors's salary, the management and board of directors tenure and is there insider trading?
14.1yrs
Average management tenure
CEO
Drew Alexander (62yo)
18.9yrs
Tenure
US$4,758,715
Compensation
Mr. Andrew M. Alexander, also known as Drew, has been the Chief Executive Officer at Weingarten Realty Investors since January 2001 and has been its President since 1997. Mr. Alexander is Chairman of Weing ...
CEO Compensation Analysis
Compensation vs Market: Drew's total compensation ($USD4.76M) is about average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Drew's compensation has been consistent with company performance over the past year.
Management Age and Tenure
14.1yrs
Average Tenure
62yo
Average Age
Experienced Management: WRI's management team is seasoned and experienced (14.1 years average tenure).
Board Age and Tenure
12.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: WRI's board of directors are seasoned and experienced ( 12.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Trust Manager |
| Shares | 4,333 |
| Max Price | US$27.17 |
| Entity | Individual |
| Role | Member of the Board of Directors Trust Manager |
| Shares | 145,000 |
| Max Price | US$29.25 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Steve Richter (64yo)
Executive VP & CFO
- Tenure: 19.9yrs
- Compensation: US$2.38m
Alan Kofoed
Senior Vice President of Construction
- Tenure: 8.8yrs
Drew Alexander (62yo)
Chairman
- Tenure: 18.9yrs
- Compensation: US$4.76m
Joe Shafer
Senior VP
- Tenure: 20.9yrs
Bill Goeke
Senior Vice President of Property Management
- Tenure: 0yrs
Mark Stout
Senior VP & General Counsel
- Tenure: 0yrs
Johnny Hendrix (61yo)
Executive VP & COO
- Tenure: 9.6yrs
- Compensation: US$2.30m
Mickey Townsell
Senior Vice President of Human Resources
- Tenure: 14.1yrs
Carrie Murray
Marketing & Communications Director
- Tenure: 0yrs
Michelle Wiggs
Vice President of Investor Relations
- Tenure: 7.9yrs
Board Members
Steve Lasher (71yo)
Trust Manager
- Tenure: 39.9yrs
- Compensation: US$196.07k
C. Shaper (50yo)
Trust Manager
- Tenure: 12.4yrs
- Compensation: US$198.07k
Tom Ryan (54yo)
Trust Manager
- Tenure: 7.3yrs
- Compensation: US$197.07k
Stanford Alexander (90yo)
Chairman Emeritus
- Tenure: 0.8yrs
- Compensation: US$290.45k
Marc J. Shapiro (71yo)
Trust Manager
- Tenure: 34.9yrs
- Compensation: US$195.07k
Douglas Schnitzer (62yo)
Trust Manager
- Tenure: 35.9yrs
- Compensation: US$192.07k
Drew Alexander (62yo)
Chairman
- Tenure: 18.9yrs
- Compensation: US$4.76m
Shelaghmichael Brown (69yo)
Lead Independent Trust Manager
- Tenure: 0yrs
- Compensation: US$193.07k
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$4.120b
- Market Cap: US$4.075b
- Shares outstanding: 130.11m
- Website: https://www.weingarten.com
Number of Employees
Location
- Weingarten Realty Investors
- 2600 Citadel Plaza Drive
- Suite 125
- Houston
- Texas
- 77008
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WRI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1975 |
| WP4 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1975 |
| WRI PRFCL | NYSE (New York Stock Exchange) | PFD F 1/100 | US | USD | Jan 2007 |
Biography
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2019, the Company owned or operated under long-term leases, either directly or through its intere ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/06 23:44 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.