Key Developments: Weingarten Realty Investors (WRI.N)

WRI.N on New York Stock Exchange

33.54USD
11 Jul 2014
Price Change (% chg)

$0.12 (+0.36%)
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$33.42
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$33.68
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Latest Key Developments (Source: Significant Developments)

Weingarten Realty Investors In Joint Venture Acquires Urban Seattle Property
Tuesday, 4 Jun 2013 11:40am EDT 

Weingarten Realty Investors announced the acquisition of Queen Anne Marketplace in Seattle, Washington. The shopping center is 70,000 square feet and anchored by Metropolitan Market, an upscale neighborhood grocer operating in a densely populated, high barrier-to-entry urban infill location. The 3 mile trade area enjoys a population of over 200,000 people with over 68% holding college degrees. The property was purchased in a joint venture between Weingarten Realty Investors and Bouwinvest in which WRI will hold a 51% interest. This is the first acquisition in the joint venture that seeks to invest approximately $275 million in high quality community and neighborhood shopping centers anchored by market-dominant retailers utilizing up to 50% leverage.  Full Article

Weingarten Realty Investors Reaffirms FY 2013 FFO Guidance
Tuesday, 30 Apr 2013 04:32pm EDT 

Weingarten Realty Investors announced that for fiscal 2013, affirms its previous guidance for Recurring FFO of $1.84 to $1.90 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $1.88 for fiscal 2013.  Full Article

Weingarten Realty Investors Announces Pricing of $300 Million Public Offering of Senior Unsecured Notes
Tuesday, 19 Mar 2013 06:08pm EDT 

Weingarten Realty Investors announced the pricing of $300 million of 3.50% Notes due 2023 in an underwritten public offering. The notes were offered at 99.528% of the principal amount with a yield to maturity of 3.556%. The offering is scheduled to close on March 22, 2013, subject to customary closing conditions. Weingarten intends to use the net proceeds of the offering to repay amounts outstanding under its unsecured revolving credit facility and general business purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as joint book-running managers. Regions Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., The Williams Capital Group, L.P. and SMBC Nikko Capital Markets Limited served as co-managers for the offering.  Full Article

Weingarten Realty Investors Reaffirms FY 2013 FFO Guidance-Conference Call
Friday, 15 Feb 2013 04:00pm EST 

Weingarten Realty Investors announced that for fiscal 2013, the Company is affirming guidance communicated last quarter for recurring FFO of $1.84 to $1.90 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $1.88 for fiscal 2013.  Full Article

Weingarten Realty Investors Declares Common Dividend
Thursday, 14 Feb 2013 04:10pm EST 

Weingarten Realty Investors announced that the Board of Trust Managers declared an increase in the common dividend to $0.305 per share for the first quarter of 2013. This represents a 5.2% increase resulting in an annualized dividend of $1.22 per share. The dividend is payable in cash on March 15, 2013 to shareholders of record on March 7, 2013.  Full Article

Weingarten Realty Investors Raises Low End Of Prior FY 2012 FFO Guidance; Issues FY 2013 FFO Guidance In Line With Analysts' Estimates
Monday, 29 Oct 2012 06:00am EDT 

Weingarten Realty Investors announced that with respect to fiscal 2012 guidance, the Company once again raised the lower end of guidance for recurring FFO from $1.78 to $1.84 per share to $1.80 to $1.84 per share and also improved its rental growth assumption from -1% to +2% to +2% to +4%. Recurring FFO guidance for fiscal 2013 is a range from $1.84 to $1.90 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $1.80 for fiscal 2012; and FFO of $1.83 for fiscal 2013.  Full Article

Weingarten Realty Investors Declares Common Dividend
Sunday, 28 Oct 2012 08:00pm EDT 

Weingarten Realty Investors announced that the Board declared a common dividend of $0.29 per share for the third quarter of 2012. The dividend is payable in cash on December 14, 2012 to shareholders of record on December 6, 2012.  Full Article

Weingarten Realty Investors Announces Pricing Of $300 Million Public Offering Of Senior Unsecured Notes
Tuesday, 2 Oct 2012 05:38pm EDT 

Weingarten Realty Investors announced the pricing of $300 million of 3.375% Notes due 2022 in an underwritten public offering through Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC as joint book-running managers. The notes were offered at 99.616% of the principal amount with a yield to maturity of 3.421%. RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., Capital One Southcoast, Inc., The Williams Capital Group, L.P., SMBC Nikko Capital Markets Limited, and BB&T Capital Markets (a division of Scott and Stringfellow LLC) are serving as co-managers for the offering. Weingarten intends to use the net proceeds of the offering to repay amounts outstanding under its unsecured revolving credit facility, retire some or all of its 3.95% convertible senior unsecured notes and for general business purposes.  Full Article

Weingarten Realty Investors Acquires Pike Center In Rockville, Maryland For $54 Million From JBG Companies And JBG Rosenfeld Retail
Tuesday, 14 Aug 2012 05:33pm EDT 

Weingarten Realty Investors announced that it acquired Pike Center in Rockville, Maryland for $54 million from JBG Companies and JBG Rosenfeld Retail. Pike Center is a dominant, 81,300 square foot, community shopping center located in affluent Montgomery County, Maryland, between North Bethesda and Rockville at the heavily trafficked intersection of Rockville Pike (Maryland Hwy 355) and Bou Avenue.  Full Article

Weingarten Realty Investors Raises Low End Of Prior FY 2012 FFO Guidance To A Range In Line With Analysts' Estimates-Conference Call
Wednesday, 8 Aug 2012 01:00pm EDT 

Weingarten Realty Investors announced that for fiscal 2012, it expects recurring funds from operations (FFO) per share to be in the range of $1.78-$1.84. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $1.80 for fiscal 2012.  Full Article

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