Intrinsic value of Weingarten Realty Investors - WRI

Previous Close

$32.76

  Intrinsic Value

$2.99

stock screener

  Rating & Target

str. sell

-91%

Previous close

$32.76

 
Intrinsic value

$2.99

 
Up/down potential

-91%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as WRI.

We calculate the intrinsic value of WRI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.21
  7.40
  7.16
  6.94
  6.75
  6.57
  6.42
  6.28
  6.15
  6.03
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.16
  5.14
  5.13
  5.11
Revenue, $m
  550
  591
  633
  677
  723
  770
  820
  871
  925
  980
  1,038
  1,099
  1,162
  1,228
  1,297
  1,369
  1,444
  1,523
  1,605
  1,691
  1,781
  1,876
  1,974
  2,078
  2,186
  2,300
  2,419
  2,543
  2,674
  2,811
  2,955
Variable operating expenses, $m
 
  303
  325
  347
  371
  395
  420
  447
  474
  503
  533
  564
  596
  630
  665
  702
  741
  781
  824
  868
  914
  962
  1,013
  1,066
  1,121
  1,180
  1,241
  1,305
  1,372
  1,442
  1,516
Fixed operating expenses, $m
 
  75
  77
  79
  81
  83
  85
  87
  89
  91
  93
  96
  98
  101
  103
  106
  108
  111
  114
  117
  120
  123
  126
  129
  132
  135
  139
  142
  146
  149
  153
Total operating expenses, $m
  353
  378
  402
  426
  452
  478
  505
  534
  563
  594
  626
  660
  694
  731
  768
  808
  849
  892
  938
  985
  1,034
  1,085
  1,139
  1,195
  1,253
  1,315
  1,380
  1,447
  1,518
  1,591
  1,669
Operating income, $m
  196
  213
  232
  251
  271
  292
  314
  337
  361
  386
  412
  439
  468
  498
  529
  561
  595
  631
  668
  707
  748
  791
  836
  883
  933
  985
  1,039
  1,096
  1,156
  1,220
  1,286
EBITDA, $m
  359
  388
  419
  451
  485
  520
  557
  595
  635
  676
  719
  765
  812
  861
  912
  966
  1,022
  1,081
  1,143
  1,207
  1,275
  1,346
  1,420
  1,498
  1,579
  1,665
  1,755
  1,849
  1,947
  2,051
  2,160
Interest expense (income), $m
  80
  85
  92
  100
  109
  117
  126
  136
  145
  155
  166
  177
  188
  200
  213
  226
  239
  254
  268
  284
  300
  317
  335
  354
  373
  394
  415
  438
  461
  486
  512
Earnings before tax, $m
  183
  128
  139
  151
  163
  175
  188
  202
  216
  231
  246
  263
  279
  297
  316
  335
  356
  377
  399
  423
  448
  474
  501
  529
  559
  591
  624
  659
  695
  734
  774
Tax expense, $m
  7
  35
  38
  41
  44
  47
  51
  54
  58
  62
  67
  71
  75
  80
  85
  91
  96
  102
  108
  114
  121
  128
  135
  143
  151
  160
  168
  178
  188
  198
  209
Net income, $m
  138
  93
  102
  110
  119
  128
  137
  147
  158
  169
  180
  192
  204
  217
  231
  245
  260
  275
  292
  309
  327
  346
  366
  386
  408
  431
  455
  481
  508
  536
  565

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  16
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,427
  4,726
  5,064
  5,416
  5,781
  6,161
  6,557
  6,968
  7,396
  7,843
  8,308
  8,793
  9,298
  9,826
  10,378
  10,954
  11,555
  12,185
  12,843
  13,531
  14,251
  15,005
  15,795
  16,622
  17,489
  18,397
  19,348
  20,346
  21,391
  22,488
  23,637
Adjusted assets (=assets-cash), $m
  4,411
  4,726
  5,064
  5,416
  5,781
  6,161
  6,557
  6,968
  7,396
  7,843
  8,308
  8,793
  9,298
  9,826
  10,378
  10,954
  11,555
  12,185
  12,843
  13,531
  14,251
  15,005
  15,795
  16,622
  17,489
  18,397
  19,348
  20,346
  21,391
  22,488
  23,637
Revenue / Adjusted assets
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
  0.125
Average production assets, $m
  3,417
  3,669
  3,932
  4,205
  4,489
  4,784
  5,091
  5,411
  5,743
  6,090
  6,451
  6,827
  7,220
  7,630
  8,058
  8,505
  8,973
  9,461
  9,972
  10,507
  11,066
  11,652
  12,265
  12,907
  13,580
  14,285
  15,024
  15,798
  16,610
  17,462
  18,355
Working capital, $m
  0
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -47
  -49
  -52
  -54
  -57
  -60
  -63
  -67
  -70
  -74
  -78
  -82
  -86
Total debt, $m
  2,357
  2,565
  2,787
  3,018
  3,257
  3,507
  3,766
  4,036
  4,317
  4,610
  4,915
  5,233
  5,565
  5,911
  6,273
  6,651
  7,045
  7,458
  7,890
  8,341
  8,814
  9,309
  9,827
  10,369
  10,938
  11,533
  12,157
  12,812
  13,498
  14,217
  14,971
Total liabilities, $m
  2,892
  3,100
  3,322
  3,553
  3,792
  4,042
  4,301
  4,571
  4,852
  5,145
  5,450
  5,768
  6,100
  6,446
  6,808
  7,186
  7,580
  7,993
  8,425
  8,876
  9,349
  9,844
  10,362
  10,904
  11,473
  12,068
  12,692
  13,347
  14,033
  14,752
  15,506
Total equity, $m
  1,535
  1,626
  1,742
  1,863
  1,989
  2,119
  2,255
  2,397
  2,544
  2,698
  2,858
  3,025
  3,199
  3,380
  3,570
  3,768
  3,975
  4,191
  4,418
  4,655
  4,902
  5,162
  5,434
  5,718
  6,016
  6,328
  6,656
  6,999
  7,359
  7,736
  8,131
Total liabilities and equity, $m
  4,427
  4,726
  5,064
  5,416
  5,781
  6,161
  6,556
  6,968
  7,396
  7,843
  8,308
  8,793
  9,299
  9,826
  10,378
  10,954
  11,555
  12,184
  12,843
  13,531
  14,251
  15,006
  15,796
  16,622
  17,489
  18,396
  19,348
  20,346
  21,392
  22,488
  23,637
Debt-to-equity ratio
  1.536
  1.580
  1.600
  1.620
  1.640
  1.650
  1.670
  1.680
  1.700
  1.710
  1.720
  1.730
  1.740
  1.750
  1.760
  1.760
  1.770
  1.780
  1.790
  1.790
  1.800
  1.800
  1.810
  1.810
  1.820
  1.820
  1.830
  1.830
  1.830
  1.840
  1.840
Adjusted equity ratio
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344
  0.344

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  138
  93
  102
  110
  119
  128
  137
  147
  158
  169
  180
  192
  204
  217
  231
  245
  260
  275
  292
  309
  327
  346
  366
  386
  408
  431
  455
  481
  508
  536
  565
Depreciation, amort., depletion, $m
  163
  175
  187
  200
  214
  228
  242
  258
  273
  290
  307
  325
  344
  363
  384
  405
  427
  451
  475
  500
  527
  555
  584
  615
  647
  680
  715
  752
  791
  832
  874
Funds from operations, $m
  220
  268
  289
  310
  333
  356
  380
  405
  431
  459
  487
  517
  548
  580
  614
  650
  687
  726
  766
  809
  854
  901
  950
  1,001
  1,055
  1,112
  1,171
  1,233
  1,298
  1,367
  1,439
Change in working capital, $m
  -27
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
Cash from operations, $m
  247
  269
  290
  312
  334
  357
  381
  406
  433
  460
  489
  519
  550
  582
  616
  652
  689
  728
  769
  812
  856
  903
  952
  1,004
  1,058
  1,115
  1,174
  1,237
  1,302
  1,371
  1,443
Maintenance CAPEX, $m
  0
  -163
  -175
  -187
  -200
  -214
  -228
  -242
  -258
  -273
  -290
  -307
  -325
  -344
  -363
  -384
  -405
  -427
  -451
  -475
  -500
  -527
  -555
  -584
  -615
  -647
  -680
  -715
  -752
  -791
  -832
New CAPEX, $m
  -602
  -253
  -263
  -273
  -284
  -295
  -307
  -319
  -333
  -347
  -361
  -377
  -393
  -410
  -428
  -447
  -467
  -489
  -511
  -535
  -559
  -586
  -613
  -642
  -673
  -705
  -739
  -774
  -812
  -851
  -893
Cash from investing activities, $m
  -389
  -416
  -438
  -460
  -484
  -509
  -535
  -561
  -591
  -620
  -651
  -684
  -718
  -754
  -791
  -831
  -872
  -916
  -962
  -1,010
  -1,059
  -1,113
  -1,168
  -1,226
  -1,288
  -1,352
  -1,419
  -1,489
  -1,564
  -1,642
  -1,725
Free cash flow, $m
  -142
  -146
  -147
  -149
  -150
  -152
  -154
  -155
  -158
  -160
  -162
  -165
  -168
  -172
  -175
  -179
  -183
  -188
  -193
  -198
  -203
  -209
  -216
  -222
  -229
  -237
  -245
  -253
  -262
  -271
  -281
Issuance/(repayment) of debt, $m
  201
  208
  222
  231
  240
  249
  259
  270
  281
  293
  305
  318
  332
  346
  362
  378
  395
  413
  432
  452
  473
  495
  518
  543
  568
  596
  624
  654
  686
  719
  754
Issuance/(repurchase) of shares, $m
  137
  13
  15
  11
  7
  3
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  321
  221
  237
  242
  247
  252
  259
  270
  281
  293
  305
  318
  332
  346
  362
  378
  395
  413
  432
  452
  473
  495
  518
  543
  568
  596
  624
  654
  686
  719
  754
Total cash flow (excl. dividends), $m
  179
  75
  89
  93
  97
  100
  106
  114
  123
  133
  143
  153
  164
  175
  186
  199
  212
  225
  239
  254
  269
  285
  302
  320
  339
  359
  379
  401
  424
  448
  473
Retained Cash Flow (-), $m
  -146
  -107
  -116
  -121
  -126
  -131
  -136
  -142
  -147
  -154
  -160
  -167
  -174
  -182
  -190
  -198
  -207
  -216
  -226
  -237
  -248
  -259
  -272
  -285
  -298
  -312
  -327
  -343
  -360
  -377
  -396
Prev. year cash balance distribution, $m
 
  16
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -16
  -27
  -28
  -29
  -30
  -30
  -27
  -24
  -21
  -17
  -14
  -10
  -7
  -3
  1
  5
  9
  13
  17
  21
  26
  31
  36
  41
  46
  52
  58
  64
  71
  78
Discount rate, %
 
  9.70
  10.19
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.38
  29.79
  31.28
  32.85
  34.49
  36.21
  38.03
  39.93
PV of cash for distribution, $m
 
  -14
  -22
  -21
  -19
  -17
  -15
  -12
  -9
  -6
  -4
  -3
  -2
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  99.7
  99.4
  99.1
  99.0
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9
  98.9

Weingarten Realty Investors is a real estate investment trust (REIT). The Company's primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers. As of December 31, 2016, the Company had owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 220 centers, primarily neighborhood and community shopping centers, which were located in 18 states spanning the country from coast to coast with approximately 44.7 million square feet of gross leasable area. Its centers are located principally in the South, West Coast and Southeast Coast of the United States with concentrations in Arizona, California, Florida and Texas. It also owned interests in 28 parcels of land that totaled approximately 19.8 million square feet, as of December 31, 2016.

FINANCIAL RATIOS  of  Weingarten Realty Investors (WRI)

Valuation Ratios
P/E Ratio 30.4
Price to Sales 7.6
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 17
Price to Free Cash Flow -11.8
Growth Rates
Sales Growth Rate 7.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 97.4%
Cap. Spend. - 3 Yr. Gr. Rate 26.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 153.6%
Total Debt to Equity 153.6%
Interest Coverage 3
Management Effectiveness
Return On Assets 5.2%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 3.7%
Ret/ On T. Cap. - 3 Yr. Avg. 3.7%
Return On Equity 9.4%
Return On Equity - 3 Yr. Avg. 9.1%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 69.8%
Gross Margin - 3 Yr. Avg. 69.8%
EBITDA Margin 77.5%
EBITDA Margin - 3 Yr. Avg. 71.6%
Operating Margin 35.8%
Oper. Margin - 3 Yr. Avg. 35.4%
Pre-Tax Margin 33.3%
Pre-Tax Margin - 3 Yr. Avg. 26.5%
Net Profit Margin 25.1%
Net Profit Margin - 3 Yr. Avg. 25%
Effective Tax Rate 3.8%
Eff/ Tax Rate - 3 Yr. Avg. 1%
Payout Ratio 134.1%

WRI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WRI stock intrinsic value calculation we used $550 million for the last fiscal year's total revenue generated by Weingarten Realty Investors. The default revenue input number comes from 2016 income statement of Weingarten Realty Investors. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WRI stock valuation model: a) initial revenue growth rate of 7.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.7%, whose default value for WRI is calculated based on our internal credit rating of Weingarten Realty Investors, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Weingarten Realty Investors.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WRI stock the variable cost ratio is equal to 51.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $73 million in the base year in the intrinsic value calculation for WRI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.6% for Weingarten Realty Investors.

Corporate tax rate of 27% is the nominal tax rate for Weingarten Realty Investors. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WRI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WRI are equal to 621.2%.

Life of production assets of 21 years is the average useful life of capital assets used in Weingarten Realty Investors operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WRI is equal to -2.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1535 million for Weingarten Realty Investors - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 128.562 million for Weingarten Realty Investors is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Weingarten Realty Investors at the current share price and the inputted number of shares is $4.2 billion.

RELATED COMPANIES Price Int.Val. Rating
REG Regency Center 68.59 3.81  str.sell
NNN National Retai 42.18 6.56  str.sell
BRX Brixmor Proper 18.08 2.40  str.sell
SKT Tanger Factory 25.53 2.88  str.sell
RPAI Retail Propert 13.04 2.33  str.sell
BBY Best Buy 63.52 79.65  buy
BBBY Bed Bath&Beyon 23.18 102.67  str.buy
ROST Ross Stores 76.41 72.61  hold

COMPANY NEWS

▶ Kingwood Randalls now open after repairing damage from Harvey   [Nov-16-17 12:45PM  American City Business Journals]
▶ What Is Weingarten Realty Investorss (WRI) Share Price Doing?   [Nov-09-17 06:45PM  Simply Wall St.]
▶ Weingarten Realty reports 3Q results   [Oct-24-17 05:13PM  Associated Press]
▶ Construction date set for River Oaks Shopping Center residential tower   [12:10PM  American City Business Journals]
▶ River Oaks Shopping Center bar closes to make way for residential tower   [Sep-15-17 10:25AM  American City Business Journals]
▶ Heres how dead malls across America could be saved   [Aug-08-17 02:02PM  Yahoo Finance Video]
▶ Done Deal: Atlanta real estate firm buys Bartlett shopping center   [Jul-24-17 03:10PM  American City Business Journals]
▶ Weingarten Realty reports 1Q results   [Apr-24-17 04:52PM  Associated Press]
▶ 2 Retail REIT Picks Selling At A Discount   [Mar-21-17 10:32AM  Barrons.com]
▶ 2 Retail REIT Picks Selling At A Discount   [10:32AM  at Barrons.com]
▶ Weingarten Realty Announces Promotions   [Mar-10-17 09:00AM  Business Wire]
▶ Residential tower to rise in River Oaks Shopping Center   [12:55PM  American City Business Journals]
▶ Weingarten Realty reports 4Q results   [Feb-21-17 05:30PM  Associated Press]
▶ REIT Pivots That Paid Off   [Jan-16-17 07:00AM  at Forbes]
▶ How Weingarten Realty Investors (WRI) Stacks Up Against Its Peers   [Dec-18-16 01:49PM  at Insider Monkey]
▶ Amazon Go: The Power Of Clicks And Bricks   [Dec-12-16 07:00AM  at Forbes]
▶ Should You Avoid Dicks Sporting Goods Inc (DKS)?   [Nov-28-16 10:14AM  at Insider Monkey]
▶ Weingarten Realty sells Wake Forest retail center for $36.6M   [Oct-03-16 01:45PM  at bizjournals.com]
Financial statements of WRI
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.