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Last $34.36 USD
Change Today +0.05 / 0.15%
Volume 441.9K
WRI On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

weingarten realty investors (WRI) Snapshot

Open
$34.37
Previous Close
$34.31
Day High
$34.61
Day Low
$33.95
52 Week High
01/29/15 - $38.48
52 Week Low
04/28/14 - $30.44
Market Cap
4.2B
Average Volume 10 Days
409.6K
EPS TTM
$1.89
Shares Outstanding
123.0M
EX-Date
03/5/15
P/E TM
18.2x
Dividend
$1.38
Dividend Yield
4.57%
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 Enters $200,000,000 Unsecured Term Loan Agreement

On March 2, 2015, Weingarten Realty Investors entered into a $200,000,000 unsecured term loan pursuant to a term loan agreement with Regions Bank, as administrative agent, Regions Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint book runners, and U.S. Bank National Association, as syndication agent. Other lenders involved in this transaction include: Royal Bank of Canada, The Bank of Nova Scotia, Branch Banking and Trust Company and The Northern Trust Company. The agreement is for a $200,000,000 unsecured term loan with floating borrowing rates at a margin above LIBOR and/or prime. The borrowing margin is priced off a grid in accordance with the company's senior unsecured credit ratings. The term loan matures on March 2, 2020, and the company has the option to repay the loan without penalty at any time. Additionally, the Agreement contains an accordion feature which allows the company to increase the loan amount up to an additional $100 million. The company intends to use the proceeds from the loan to repay amounts outstanding under its unsecured revolving credit facility. Pursuant to the terms of the agreement, the company is subject to various covenants, which include requiring the maintenance of maximum leverage ratios on both unsecured and secured debt and unsecured interest expense and fixed charge coverage ratios. The agreement also contains customary representations and warranties, affirmative covenants, notice provisions, and events of default, including change of control, cross-defaults to other debt, and judgment defaults.

Weingarten Realty Investors Announces Closing of $200 Million Unsecured Term Loan

Weingarten Realty Investors announced the closing of a $200 million unsecured term loan that will mature on March 2, 2020. The loan was priced at a spread of 115 basis points over LIBOR. The loan was swapped to a fixed coupon of 2.64%. Weingarten intends to use the proceeds of the term loan to repay amounts outstanding under its unsecured revolving credit facility.

Weingarten Realty Declares Common Dividend for the First Quarter of 2015 Payable on March 16, 2015; Declares Quarterly Dividend on 6.50% Series F Cumulative Redeemable Preferred Shares Payable on March 16, 2015

Weingarten Realty announced that on February 16, 2015, the board of trust managers declared an increase in the common dividend to $0.345 per share for the first quarter of 2015. This represents a 6.2% increase, resulting in an annualized dividend of $1.38 per share. The dividend is payable in cash on March 16, 2015 to shareholders of record on March 9, 2015. The board of trust managers also declared dividends on the company’s 6.50% Series F Cumulative Redeemable Preferred Shares of $0.40625 per share for the quarter payable on March 16, 2015 to shareholders of record on March 9, 2015.

 

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