Last $36.22 USD
Change Today +0.07 / 0.19%
Volume 499.1K
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

weingarten realty investors (WRI) Snapshot

Open
$36.14
Previous Close
$36.15
Day High
$36.45
Day Low
$35.88
52 Week High
01/29/15 - $38.48
52 Week Low
03/20/14 - $28.56
Market Cap
4.4B
Average Volume 10 Days
717.2K
EPS TTM
$1.89
Shares Outstanding
122.5M
EX-Date
03/5/15
P/E TM
19.2x
Dividend
$1.38
Dividend Yield
4.28%
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: $508.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $508.3K
Compensation as of Fiscal Year 2013.

weingarten realty investors (WRI) Key Developments

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.

Weingarten Realty Investors Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015; Reports Impairment for the Fourth Quarter of 2014

Weingarten Realty Investors announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $126,102,000, operating income of $43,969,000, income from continuing operations of $28,732,000, net income attributable to common shareholders - diluted of $87,073,000 or $0.70 per diluted share, funds from operations - basic of $62,460,000 or $0.51 per diluted share, recurring funds from operations - diluted of $63,097,000 or $0.51 per diluted share compared to the total revenues of $126,071,000, operating income of $38,832,000, income from continuing operations of $48,314,000, net income attributable to common shareholders - diluted of $47,668,000 or $0.38 per diluted share, funds from operations - basic of $51,493,000 or $0.42 per diluted share, recurring funds from operations - diluted of $59,488,000 or $0.48 per diluted share for the same quarter a year ago. 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 $0.05 per share for the quarter compared to last year. For the year, the company reported total revenues of $514,406,000, operating income of $182,038,000, income from continuing operations of $116,365,000, net income attributable to common shareholders - diluted of $279,339,000 or $2.25 per diluted share, funds from operations - basic of $254,518,000 or $2.06 per diluted share, recurring funds from operations - diluted of $255,285,000 or $2.05 per diluted share compared to the total revenues of $489,195,000, operating income of $159,868,000, income from continuing operations of $132,977,000, net income attributable to common shareholders - diluted of $184,145,000 or $1.50 per diluted share, funds from operations - basic of $222,732,000 or $1.81 per diluted share, recurring funds from operations - diluted of $243,073,000 or $1.96 per diluted share for the same period a year ago. The increase in recurring FFO was primarily due to the company's acquisition and new development programs, improvements in the existing portfolio and reduced interest expense. These increases were offset by the impact of dispositions, which reduced FFO by $0.14 per share compared to the prior year. Net debt as of December 31, 2014 was $1,938,188,000 compared to $2,299,844,000 as of December 31, 2013. The company provided earnings guidance for the full year of 2015. The company’s full year 2015 recurring FFO guidance is in the range of $2.12 to $2.17 per share. Including debt extinguishment costs of approximately $0.05 per share the company expects to incur during 2015, full year guidance for reported FFO is in the range of $2.07 to $2.12 per share. New development spending is estimated at $50 to $100 million. The company reported impairment for the fourth quarter of 2014. For the quarter, the company reported impairment loss of $1,024,000.

Weingarten Realty Acquisitions

Weingarten Realty Investors (NYSE:WRI) intends to pursue acquisitions. "Looking ahead to 2015, we will focus on growing the cash flow and the NAV of the Company through accretive acquisitions and new developments, as well as our existing operations. With our transformed portfolio and balance sheet, we're very excited about the future of WRI," Drew Alexander, President and Chief Executive Officer, said.

 

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