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

0.1%

WRI

-0.2%

US REITs

1.3%

US Market


1 Year Return

5.1%

WRI

19.9%

US REITs

5.9%

US Market

Return vs Industry: WRI underperformed the US REITs industry which returned 19.9% over the past year.

Return vs Market: WRI underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

WRIIndustryMarket
7 Day0.1%-0.2%1.3%
30 Day2.7%2.0%-1.9%
90 Day5.1%4.2%-1.8%
1 Year17.4%5.1%25.3%19.9%8.3%5.9%
3 Year-3.0%-23.1%34.1%17.0%45.6%36.2%
5 Year17.9%-14.2%64.2%29.5%66.1%47.9%

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

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

Undervalued: WRI ($28.9) is trading below our estimate of fair value ($37.27)

Significantly Undervalued: 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 (15.6x) compared to the REITs industry average (35.3x).

PE vs Market: WRI is good value based on its PE Ratio (15.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low 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 (2.3x) 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?

-17.9%

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 (-17.9% per year).

Earnings vs Market: WRI's earnings are forecast to decline over the next 3 years (-17.9% 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 (7.3% 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

High Future ROE: WRI's Return on Equity is forecast to be low in 3 years time (8.5%).


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

Earnings Trend: WRI's earnings have grown by 13.6% 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 (-49.3%) over the past year, making it difficult to compare to the REITs industry average (17%).


Return on Equity

High ROE: WRI's Return on Equity (14.1%) is considered low.


Return on Assets

ROA vs Industry: WRI has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: WRI's Return on Capital Employed has declined over the past 3 years.


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 0.1x 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?

5.47%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.7%forecastin3Years6.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WRI's dividend (5.47%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: WRI's dividend (5.47%) is in the top 25% of dividend payers in the US market (3.77%)

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 (72.2%), 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 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?

13.9yrs

Average management tenure


CEO

Drew Alexander (62yo)

18.8yrs

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

13.9yrs

Average Tenure

62yo

Average Age

Experienced Management: WRI's management team is seasoned and experienced (13.9 years average tenure).


Board Age and Tenure

12.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: WRI's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$117,72820 Aug 19
Shelaghmichael Brown
EntityIndividual
Role
Lead Director
Lead Independent Trust Manager
Shares4,333
Max PriceUS$27.17
SellUS$4,241,25003 May 19
Stephen Lasher
EntityIndividual
Role
Member of the Board of Directors
Trust Manager
Shares145,000
Max PriceUS$29.25

Ownership Breakdown


Management Team

  • Steve Richter (64yo)

    Executive VP & CFO

    • Tenure: 19.8yrs
    • Compensation: US$2.38m
  • Alan Kofoed

    Senior Vice President of Construction

    • Tenure: 8.6yrs
  • Drew Alexander (62yo)

    Chairman

    • Tenure: 18.8yrs
    • Compensation: US$4.76m
  • Joe Shafer

    Senior VP

    • Tenure: 20.8yrs
  • 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: 9.4yrs
    • Compensation: US$2.30m
  • Mickey Townsell

    Senior Vice President of Human Resources

    • Tenure: 13.9yrs
  • Carrie Murray

    Marketing & Communications Director

    • Tenure: 0yrs
  • Michelle Wiggs

    Vice President of Investor Relations

    • Tenure: 7.8yrs

Board Members

  • Steve Lasher (71yo)

    Trust Manager

    • Tenure: 39.8yrs
    • Compensation: US$196.07k
  • C. Shaper (50yo)

    Trust Manager

    • Tenure: 12.3yrs
    • Compensation: US$198.07k
  • Tom Ryan (54yo)

    Trust Manager

    • Tenure: 7.2yrs
    • Compensation: US$197.07k
  • Stanford Alexander (90yo)

    Chairman Emeritus

    • Tenure: 0.7yrs
    • Compensation: US$290.45k
  • Marc J. Shapiro (71yo)

    Trust Manager

    • Tenure: 34.8yrs
    • Compensation: US$195.07k
  • Douglas Schnitzer (62yo)

    Trust Manager

    • Tenure: 35.8yrs
    • Compensation: US$192.07k
  • Drew Alexander (62yo)

    Chairman

    • Tenure: 18.8yrs
    • 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$3.760b
  • Market Cap: US$3.719b
  • Shares outstanding: 130.10m
  • 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 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 Analysis2019/10/14 01:23
End of Day Share Price2019/10/11 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.