Weingarten Realty Investors operates as a real estate investment trust (REIT). The company’s primary business is leasing space to tenants in the shopping and industrial centers it owns or leases. As of December 31, 2012, the company’s real estate properties included 294 locations in 21 states throughout the United States. As of December 31, 2012, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 292 developed income-producing properties and 2 properties under various stages of construction and development. The total number of centers included 288 neighborhood and community shopping centers and 6 other operating properties located in 21 states spanning the country from coast to coast. The portfolio of properties contains approximately 53.7 million square feet of gross leasable area that is either owned by the company or others. The company also owned interests in 38 parcels of land held for development that totaled approximately 27.5 million square feet. Strategy The company’s long-term strategy is to focus on improving its core operations and increasing shareholder value. The company accomplishes this through hands-on leasing and management, selective redevelopment of the existing portfolio of properties, disciplined growth from strategic acquisitions and new developments, as well as dispositions of assets that no longer meet its ownership criteria. Tax Status The company intends to qualify as a REIT for U.S. federal income tax purposes, as such it distributes 90% of its REIT taxable income to its shareholders. History Weingarten Realty Investors was founded in 1948.
weingarten realty investors
2600 Citadel Plaza Drive
Houston, TX 77008
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