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Last $32.71 USD
Change Today -0.10 / -0.30%
Volume 432.1K
WRI On Other Exchanges
Symbol
Exchange
New York
As of 3:45 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

weingarten realty investors (WRI) Snapshot

Open
$32.85
Previous Close
$32.81
Day High
$32.94
Day Low
$32.57
52 Week High
01/29/15 - $38.48
52 Week Low
05/6/14 - $30.63
Market Cap
4.1B
Average Volume 10 Days
678.3K
EPS TTM
$2.10
Shares Outstanding
123.9M
EX-Date
06/4/15
P/E TM
15.6x
Dividend
$1.38
Dividend Yield
4.80%
Current Stock Chart for WEINGARTEN REALTY INVESTORS (WRI)

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weingarten realty investors (WRI) Details

Weingarten Realty Investors is a publically owned equity real estate investment trust. The firm invests in the real estate markets of United States. The firm engages in ownership, management, acquisition, development and redevelopment. It makes its investments in neighborhood and community shopping centers. Weingarten Realty Investors was formed in 1948, and is based in Houston, Texas.

315 Employees
Last Reported Date: 02/19/15
Founded in 1948

weingarten realty investors (WRI) Top Compensated Officers

Chief Executive Officer, President, Trust Man...
Total Annual Compensation: $700.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $522.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $522.5K
Compensation as of Fiscal Year 2014.

weingarten realty investors (WRI) Key Developments

Weingarten Realty Investors Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Recurring FFO Guidance for the Year 2015; Declares Quarterly cash Dividend, Payable on June 15, 2015

Weingarten Realty Investors reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $125,599,000 against $127,592,000 a year ago. Operating income was $44,864,000 against $41,791,000 a year ago. Income from continuing operations was $26,700,000 against $23,127,000 a year ago. Net income attributable to common shareholders was $44,937,000 or $0.36 per diluted share against $60,593,000 or $0.49 per diluted share a year ago. For the current quarter Reported FFO was $60.3 million or $0.48 per share compared to $63.1 million or $0.51 per share for 2014. Included in Reported FFO were debt extinguishment costs of $0.05 per share offset by a gain on the settlement of a lawsuit of $0.01 per share. Recurring FFO for the first quarter of 2015 was $0.52 per share or $65.4 million. For the same quarter last year, Recurring FFO was $0.49 per share or $61.2 million. This increase in Recurring FFO per share over the prior year was primarily due to the Company’s acquisition and new development programs, increased operating income from the existing portfolio and reduced interest expense due to favorable refinancing transactions. These increases were partially offset by the impact of the Company’s disposition program, which reduced Recurring FFO by $0.06 per share for the quarter compared to last year. Same Property NOI for the first quarter increased by 4.2% versus a year ago. These results are primarily driven by increased occupancy, rental rate increases and reduced tenant fallouts. Occupancy increased to 95.5% in the first quarter, an increase of 100 basis points over the same quarter of 2014. Occupancy of spaces less than 10,000 square feet, often referred to as shop occupancy, increased to 90.3% from 88.3% in the prior year, an increase of 200 basis points. For the year 2015, the company affirms its full year Recurring FFO guidance in the range of $2.12 to $2.17 per share. Including debt extinguishment costs of approximately $0.05 per share the Company incurred during the first quarter of 2015, full year guidance for Reported FFO remains in the range of $2.07 to $2.12 per share. The Board of Trust Managers declared a quarterly cash dividend of $0.345 per common share payable on June 15, 2015 to shareholders of record on June 8, 2015.

Weingarten Realty Investors to Report Q1, 2015 Results on Apr 28, 2015

Weingarten Realty Investors announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 28, 2015

Weingarten Realty Investors, Q1 2015 Earnings Call, Apr 29, 2015

Weingarten Realty Investors, Q1 2015 Earnings Call, Apr 29, 2015

 

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