NYSE:WRI

Stock Analysis Report

Weingarten Realty Investors

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-2.5%

NYSE:WRI

0.2%

US REITs

-1.0%

US Market


1 Year Return

-12.6%

NYSE:WRI

8.2%

US REITs

-0.4%

US Market

WRI underperformed the REITs industry which returned 7.6% over the past year.

WRI underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

WRIIndustryMarket
7 Day-2.5%0.2%-1.0%
30 Day-1.2%2.0%-3.3%
90 Day-6.2%2.9%0.4%
1 Year-2.6%-12.6%13.0%8.2%1.8%-0.4%
3 Year-16.8%-33.7%25.0%8.7%39.4%30.4%
5 Year9.3%-20.1%58.7%25.0%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

30%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

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

Weingarten Realty Investors is overvalued based on assets compared to the US REITs industry average.


Next Steps

Future Growth

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

-12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Weingarten Realty Investors's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

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 growth is positive but not above the United States of America market average.

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 earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Weingarten Realty Investors is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

13.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

Weingarten Realty Investors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Weingarten Realty Investors used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

Weingarten Realty Investors's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Weingarten Realty Investors's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Weingarten Realty Investors's level of debt (98.4%) 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 (130.9% vs 98.4% today).

Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


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Dividend

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

6.39%

Expected Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield and Payments Analysis

Weingarten Realty Investors's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Weingarten Realty Investors's dividend is above the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (185.9x coverage).


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?

13.8yrs

Average management tenure


CEO

Drew Alexander (62yo)

18.6yrs

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

Drew's remuneration is about average for companies of similar size in United States of America.

Drew's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

13.8yrs

Average Tenure

62yo

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.


Board Age and Tenure

12.1yrs

Average Tenure

65.5yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$4,241,25003 May 19
Stephen Lasher
EntityIndividual
Role
Member of the Board of Directors
Shares145,000
Max PriceUS$29.25

Ownership Breakdown


Management Team

  • Johnny Hendrix (61yo)

    Executive VP & COO

    • Tenure: 9.3yrs
    • Compensation: $2.30m
  • Steve Richter (64yo)

    Executive VP & CFO

    • Tenure: 19.6yrs
    • Compensation: $2.38m
  • Joe Shafer

    Senior VP

    • Tenure: 20.6yrs
  • Carrie Murray

    Marketing & Communications Director

  • Drew Alexander (62yo)

    Chairman

    • Tenure: 18.6yrs
    • Compensation: $4.76m
  • Michelle Wiggs

    Vice President of Investor Relations

    • Tenure: 7.6yrs
  • Bill Goeke

    Senior Vice President of Property Management

  • Alan Kofoed

    Senior Vice President of Construction

    • Tenure: 8.4yrs
  • Mickey Townsell

    Senior Vice President of Human Resources

    • Tenure: 13.8yrs
  • Mark Stout

    Senior VP & General Counsel


Board Members

  • Steve Lasher (71yo)

    Trust Manager

    • Tenure: 39.6yrs
    • Compensation: $196.07k
  • C. Shaper (50yo)

    Trust Manager

    • Tenure: 12.1yrs
    • Compensation: $198.07k
  • Tom Ryan (54yo)

    Trust Manager

    • Tenure: 7.0yrs
    • Compensation: $197.07k
  • Stanford Alexander (90yo)

    Chairman Emeritus

    • Tenure: 0.5yrs
    • Compensation: $290.45k
  • Marc Shapiro (71yo)

    Trust Manager

    • Tenure: 34.6yrs
    • Compensation: $195.07k
  • Douglas Schnitzer (62yo)

    Trust Manager

    • Tenure: 35.6yrs
    • Compensation: $192.07k
  • Drew Alexander (62yo)

    Chairman

    • Tenure: 0.5yrs
    • Compensation: $4.76m
  • Shelaghmichael Brown (69yo)

    Lead Independent Trust Manager

    • Compensation: $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$3.492b
  • Market Cap: US$3.493b
  • Shares outstanding: 130.10m
  • Website: Click here

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 PRFCLNYSE (New York Stock Exchange)PFD F 1/100USUSDJan 2007

Biography

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2019, the Company owned or operated under long-term leases, either directly or through its interest in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 23:45
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.