Weingarten Realty Investors
Market Cap
US$2.1b
Last Updated
2020/10/20 00:36 UTC
Data Sources
Company Financials +
Executive Summary
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 32.7% per year for the next 3 years
Snowflake Analysis
Undervalued 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
-4.1%
WRI
-3.5%
US REITs
-2.4%
US Market
1 Year Return
-46.6%
WRI
-16.4%
US REITs
18.2%
US Market
Return vs Industry: WRI underperformed the US REITs industry which returned -15.1% over the past year.
Return vs Market: WRI underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| WRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -3.5% | -2.4% |
| 30 Day | -8.8% | -0.5% | 4.2% |
| 90 Day | -9.0% | 0.3% | 6.3% |
| 1 Year | -43.6%-46.6% | -13.0%-16.4% | 20.9%18.2% |
| 3 Year | -36.2%-49.9% | 12.8%-0.4% | 41.2%31.8% |
| 5 Year | -38.9%-55.9% | 37.3%9.7% | 84.8%63.9% |
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
1 week ago | Simply Wall St
What Type Of Returns Would Weingarten Realty Investors'(NYSE:WRI) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?1 month ago | Simply Wall St
How Does Weingarten Realty Investors' (NYSE:WRI) CEO Salary Compare to Peers?2 months ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Weingarten Realty Investors' (NYSE:WRI) Shares?Valuation
Is Weingarten Realty Investors undervalued compared to its fair value and its price relative to the market?
36.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WRI ($15.78) is trading below our estimate of fair value ($24.71)
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 (8.2x) compared to the US REITs industry average (34x).
PE vs Market: WRI is good value based on its PE Ratio (8.2x) compared to the US market (19x).
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 good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.4x).
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?
-32.7%
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 (-32.7% per year).
Earnings vs Market: WRI's earnings are forecast to decline over the next 3 years (-32.7% per year).
High Growth Earnings: WRI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WRI's revenue (1.3% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: WRI's revenue (1.3% 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 (4.5%).
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Past Performance
How has Weingarten Realty Investors performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRI has a large one-off gain of $141.5M impacting its June 30 2020 financial results.
Growing Profit Margin: WRI's current net profit margins (54.6%) are higher than last year (47.1%).
Past Earnings Growth Analysis
Earnings Trend: WRI's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: WRI's earnings growth over the past year (3.9%) is below its 5-year average (8.8% per year).
Earnings vs Industry: WRI earnings growth over the past year (3.9%) exceeded the REITs industry 3.3%.
Return on Equity
High ROE: WRI's Return on Equity (13.6%) is considered low.
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Financial Health
How is Weingarten Realty Investors's financial position?
Financial Position Analysis
Short Term Liabilities: WRI's short term assets ($126.0M) exceed its short term liabilities ($112.6M).
Long Term Liabilities: WRI's short term assets ($126.0M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: WRI's debt to equity ratio (92.5%) is considered high.
Reducing Debt: WRI's debt to equity ratio has reduced from 134.5% to 92.5% over the past 5 years.
Debt Coverage: WRI's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: WRI's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Dividend
What is Weingarten Realty Investors's current dividend yield, its reliability and sustainability?
4.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WRI's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: WRI's dividend (4.56%) is low compared to the top 25% of dividend payers in the US market (4.66%).
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 (74.2%), 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 (59.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
12.7yrs
Average management tenure
CEO
Drew Alexander (63 yo)
19.75yrs
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 above average for companies of similar size in the US market ($USD4.44M).
Compensation vs Earnings: Drew's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.75yrs | US$6.36m | 1.7% $ 35.2m | |
| Executive VP & CFO | 20.75yrs | US$3.38m | 0.35% $ 7.3m | |
| Executive VP & COO | 10.42yrs | US$3.13m | 0.26% $ 5.5m | |
| Senior VP | 21.75yrs | no data | no data | |
| Vice President of Investor Relations | 8.75yrs | no data | no data | |
| Senior VP & General Counsel | no data | no data | no data | |
| Marketing & Communications Director | no data | no data | no data | |
| Senior Vice President of Human Resources | 14.92yrs | no data | no data | |
| Senior Vice President of Construction | 9.58yrs | no data | no data | |
| Senior Vice President of Property Management | no data | no data | no data | |
| Senior VP & Director of Central Region | no data | no data | no data | |
| Senior Vice President of Development & Acquisitions | 3.58yrs | no data | no data |
12.7yrs
Average Tenure
63yo
Average Age
Experienced Management: WRI's management team is seasoned and experienced (12.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.75yrs | US$6.36m | 1.7% $ 35.2m | |
| Independent Trust Manager | 40.75yrs | US$194.00k | 0.18% $ 3.7m | |
| Independent Trust Manager | 13.25yrs | US$196.00k | 0.052% $ 1.1m | |
| Independent Trust Manager | 8.17yrs | US$195.00k | 0.038% $ 787.3k | |
| Chairman Emeritus | 1.67yrs | US$406.69k | 3.52% $ 73.1m | |
| Independent Trust Manager | 35.75yrs | US$193.00k | 0.13% $ 2.7m | |
| Independent Trust Manager | 36.75yrs | US$192.00k | 0.060% $ 1.2m | |
| Lead Independent Trust Manager | no data | US$191.00k | 0.029% $ 593.6k |
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: 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$2.078b
- Market Cap: US$2.021b
- Shares outstanding: 129.54m
- 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.PRF | 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 June 30, 2020, the Company owned or operated under long-term leases, either directly or through its interest in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:36 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.