Key Developments: Weingarten Realty Investors (WRI.N)

WRI.N on New York Stock Exchange

35.08USD
24 Dec 2014
Price Change (% chg)

$-0.09 (-0.26%)
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Latest Key Developments (Source: Significant Developments)

Weingarten Realty Investors Declares Quarterly Cash Dividend
Thursday, 31 Oct 2013 04:08pm EDT 

Weingarten Realty Investors announced that it has declared a quarterly cash dividend of $0.305 per common share payable on December 13, 2013 to shareholders of record on December 5, 2013. 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 December 13, 2013 to shareholders of record on December 5, 2013.  Full Article

Weingarten Realty Investors Acquires In-Fill Shopping Center in Austin, Texas
Tuesday, 8 Oct 2013 11:45am EDT 

Weingarten Realty Investors announced the acquisition of Mueller Regional Retail Center in Austin, Texas. The power center is 350,000 square feet and is anchored by Home Depot, Marshalls, Bed Bath & Beyond, and PetSmart. The property is part of the Mueller Regional Retail District, a 700 acre master planned community that will include over four million square feet of commercial space and 4,600 residential units when fully built out.  Full Article

Weingarten Realty Investors Announces Pricing of $250 Million Public Offering of Senior Unsecured Notes
Thursday, 3 Oct 2013 05:15pm EDT 

Weingarten Realty Investors announced the pricing of $250 million of 4.45% Notes due 2024 in an underwritten public offering. The notes were offered at 99.583% of the principal amount with a yield to maturity of 4.499%. The offering is scheduled to close on October 15, 2013, subject to customary closing conditions. Weingarten intends to use a portion of the net proceeds of the offering to repay amounts outstanding under its unsecured revolving credit facility and net excess proceeds will be invested in short-term instruments and used to pay down future debt maturities or for general business purposes. J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC served as joint book-running managers. Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., PNC Capital Markets LLC, Regions Securities LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc., SMBC Nikko Securities America, Inc., and The Williams Capital Group, L.P. served as co-managers for the offering.  Full Article

Weingarten Realty Investors Raises Prior FY 2013 FFO Guidance
Wednesday, 31 Jul 2013 04:00pm EDT 

Weingarten Realty Investors announced that for fiscal 2013, it is increasing guidance for recurring FFO guidance to a new range of $1.89 - $1.93 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report FFO of $1.90 for fiscal 2013.  Full Article

Weingarten Realty Investors Declares Quarterly Cash Dividend
Wednesday, 31 Jul 2013 04:00pm EDT 

Weingarten Realty Investors announced that it has declared a quarterly cash dividend of $0.305 per common share payable on September 13, 2013 to shareholders of record on September 5, 2013.  Full Article

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

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