weingarten realty investors (WRI) Key Developments
Weingarten Realty Investors Declares Quarterly Cash Dividend on Common Share and 6.50% Series F Cumulative Redeemable Preferred Shares, Payable on June 13, 2014
Apr 24 14
The Board of Weingarten Realty Investors declared a quarterly cash dividend of $0.325 per common share payable on June 13, 2014 to shareholders of record on June 5, 2014 and dividends on the Company's 6.50% Series F Cumulative Redeemable Preferred Shares of $0.40625 per share for the quarter payable on June 13, 2014 to shareholders of record on June 5, 2014.
Weingarten Realty Investors Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Affirms Earnings Guidance for the Year 2014
Apr 24 14
Weingarten Realty Investors reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $127,592,000 compared to $117,827,000 a year ago. Operating income was $41,791,000 compared to $38,292,000 a year ago. Net income attributable to common shareholders was $60,593,000 or $0.49 diluted per share compared to $33,668,000 or $0.28 diluted per share a year ago. Funds from operations were $62,633,000 or $0.51 diluted per share compared to $65,597,000 or $0.53 diluted per share a year ago. Recurring funds from operations were $61,244,000 or $0.49 diluted per share compared to $58,902,000 or $0.48 diluted per share a year ago. Recurring FFO increased due to improved operations of the company's existing portfolio, reduced interest expense due to favorable refinancing transactions and the impact of 2013 acquisitions. Income from continuing operations was $23,127,000 compared to $40,978,000 a year ago.
The company affirms its previous guidance for recurring FFO of $1.95 to $2.01 per share.
Weingarten Realty Investors Presents at REITWeek: NAREIT's Investor Forum, Jun-04-2014 03:00 PM
Apr 23 14
Weingarten Realty Investors Presents at REITWeek: NAREIT's Investor Forum, Jun-04-2014 03:00 PM. Venue: Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States. Speakers: Andrew M. Alexander, Chief Executive Officer, President, Trust Manager, Chairman of Executive Committee and Chairman of Pricing Committee.
Weingarten Realty Announces Management Promotions
Mar 13 14
Weingarten Realty Investors announced the promotion of Karl Brinkman to Area Vice President of Leasing and Terri Klages to Divisional Vice President /Assistant Controller. Karl joined Weingarten in 2006 as Leasing Executive and in 2012 was promoted to Regional Leasing Director. Karl leads the Southeast Region consisting of 20 shopping centers encompassing approximately 2 million square feet. In his role as Area Vice President, Karl will continue to be actively involved in the existing asset portfolio as well as tenant leasing, acquisition, new development and redevelopment efforts. Terri joined Weingarten in 2007 as Assistant Controller of Financial Reporting. During Terri's years with Weingarten, she has expanded the services provided by her functional areas, implemented several cost saving initiatives, as well as improved the quality of reporting.
Weingarten Realty Investors to Report Q1, 2014 Results on Apr 24, 2014
Mar 10 14
Weingarten Realty Investors announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Apr 24, 2014