Last $35.08 USD
Change Today 0.00 / 0.00%
Volume 0.0
WRI On Other Exchanges
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Exchange
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

weingarten realty investors (WRI) Snapshot

Open
$35.24
Previous Close
$35.17
Day High
$35.38
Day Low
$35.03
52 Week High
11/10/14 - $36.86
52 Week Low
01/2/14 - $27.01
Market Cap
4.3B
Average Volume 10 Days
1.2M
EPS TTM
$1.52
Shares Outstanding
122.3M
EX-Date
12/19/14
P/E TM
23.0x
Dividend
$1.30
Dividend Yield
4.42%
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.

316 Employees
Last Reported Date: 02/26/14
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 Investors Declares Special Cash Dividend Payable December 30, 2014

On December 12, 2014, Weingarten Realty Investors announced that Board of Trust Managers has declared a special cash dividend on its common shares of $0.25 per share, payable December 30, 2014, to shareholders of record as of the close of business on December 23, 2014.

WRI Seeking Acquisitions

Weingarten Realty Investors (NYSE:WRI) is seeking acquisitions. Drew Alexander, President and Chief Executive Office of WRI said, “We will be looking to invest capital both in acquisitions, new redevelopments after we finish the transformation at the end of 2014.”

Weingarten Realty Investors Declares Quarterly Dividend on Common Share and 6.50% Series F Cumulative Redeemable Preferred Shares Payable on December 15, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Funds from Operations Guidance for 2014

The Board of Trust Managers of Weingarten Realty Investors declared a quarterly cash dividend of $0.325 per common share payable on December 15, 2014 to shareholders of record on December 8, 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 December 15, 2014 to shareholders of record on December 8, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to common shareholders of $97.6 million or $0.79 per diluted share as compared to $57.8 million or $0.47 per share for the same period in 2013. The increase is due primarily to significant gains on sales of properties in 2014. Reported FFO was $64.8 million or $0.52 per share compared to $60.5 million or $0.49 per share for 2013. Recurring FFO was $0.53 per diluted share or $66.2 million. For the same quarter last year, recurring FFO was $0.51 per diluted share or $63.3 million. The increase in recurring FFO over the prior year was primarily due to increases in net operating income from its existing portfolio, reduced interest expense from favorable debt refinancings and reduced preferred share dividends due to redemptions. These increases were partially offset by the impact of the company's disposition program, which reduced recurring FFO by $0.03 per share year-over-year. Same property net operating income was increased by a strong 3.8% for the quarter primarily due to increased occupancy and a reduction in merchant fallouts. Total revenues were $130.521 million compared to $123.302 million for the same period of last year. Operating income was $48.815 million compared to $40.485 million for the same period of last year. Income from continuing operations was $32.703 million compared to $21.689 million for the same period of last year. Net income attributable to diluted common shareholders was $98.074 million compared to $57.832 million for the same period of last year. Year-to-date, reported FFO was $193.4 million or $1.56 per diluted share for 2014 compared to $172.6 million or $1.39 per diluted share for 2013. Recurring FFO was $191.4 million or $1.54 per diluted share compared to $183.6 million or $1.48 per diluted share for 2013. Same property net operating income has increased 3.7%. Total revenues were $388.304 million compared to $363.124 million for the same period of last year. Operating income was $138.069 million compared to $121.036 million for the same period of last year. Income from continuing operations was $87.633 million compared to $84.663 million for the same period of last year. Net income attributable to basic common shareholders was $190.898 million compared to $136.921 million for the same period of last year. Net income attributable to diluted common shareholders was $192.266 million compared to $136.921 million for the same period of last year. For 2014, the company raised its previous guidance for recurring FFO from a range $1.95 to $2.01 per share to a range of $2.01 to $2.03 per share and increased the range for dispositions from a range of $300 million to $400 million to a range of $350 million to $450 million.

 

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