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Last $32.17 USD
Change Today -0.33 / -1.02%
Volume 191.5K
As of 11:29 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

weingarten realty investors (WRI) Key Developments

Weingarten Realty Investors Announces Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Weingarten Realty Investors announced consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $126,804,000, operating income of $46,041,000, income from continuing operations of $29,623,000, net income attributable to common shareholders - basic and diluted of $25,222,000 or $0.20 per diluted share, funds from operations - basic of $65,062,000 or $0.53 per diluted share, recurring funds from operations - diluted of $68,283,000 or $0.54 per diluted share compared to the total revenues of $130,000, operating income of $47,463,000, income from continuing operations of $31,803,000, net income attributable to common shareholders - basic and diluted of $32,686,000 or $0.27 per diluted share, funds from operations - basic of $65,062,000 or $0.53 per diluted share, recurring funds from operations - diluted of $63,897,000 or $0.51 per diluted share for the same quarter a year ago. For the year to date, the company reported total revenues of $252,783,000, operating income of $90,905,000, income from continuing operations of $56,323,000, net income attributable to common shareholders - basic and diluted of $70,159,000 or $0.57 per diluted share, funds from operations - basic of $117,728,000 or $0.96 per basic share, recurring funds from operations - diluted of $133,722,000 or $0.95 per diluted share compared to the total revenues of $257,783,000, operating income of $89,254,000, income from continuing operations of $54,930,000, net income attributable to common shareholders - basic and diluted of $93,279,000 or $0.76 per diluted share, funds from operations - basic of $127,695,000 or $1.04 per diluted share, recurring funds from operations - diluted of $125,141,000 or $1.01 per diluted share for the same period a year ago. Given the strength of the first half of the year and the outlook for the balance of 2015, the company has increased its guidance for Recurring FFO to a range of $2.14 to $2.18 per share from $2.12 to $2.17 and for Reported FFO to a range of $2.02 to $2.06 per share from $2.00 to $2.05. Guidance for SPNOI for the full year has also been increased to a range of 3% to 4% from 2.5% to 3.5%.

Weingarten Realty Mulls Acquisitions

Weingarten Realty Investors (NYSE:WRI) intends to pursue acquisitions. "We're not going to have a lot of short-term floating rate debt on our balance sheet. So we'll continue to do some acquisitions. We always will look to do as much development and redevelopment of quality as we can. And I think between all the different arrows we have in our quiver to grow in our existing portfolio, we can produce good, risk-adjusted FFO growth," Drew Alexander, President and Chief Executive Officer.

Weingarten Realty Investors Declares Dividend for the Second Quarter Ended June 30, 2015, Payable on September 15, 2015

The Board of Trust Managers of Weingarten Realty Investors declared a quarterly cash dividend of $0.345 per common share payable on September 15, 2015 to shareholders of record on September 8, 2015.

Weingarten Realty Investors to Report Q2, 2015 Results on Jul 28, 2015

Weingarten Realty Investors announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

Weingarten Realty Investors, Q2 2015 Earnings Call, Jul 29, 2015

Weingarten Realty Investors, Q2 2015 Earnings Call, Jul 29, 2015

 

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