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Weingarten Realty (NYSE: WRI) has issued corrections to previously announced rental growth data. For the period ending December 31, 2020, the rental rate growth showed 4.2% for Q4 2020 and 7.1% year-to-date. New leases increased by 5.0% in Q4 and 9.2% YTD, while renewals reported 3.8% for Q4 and 6.6% YTD. The company manages 159 properties across 15 states, encompassing approximately 30.2 million square feet.
Weingarten Realty (NYSE: WRI) reported its fourth quarter 2020 results, showing a net income of $23.1 million, or $0.18 per share, down from $75.2 million, or $0.58 per share in Q4 2019. Core Funds From Operations (Core FFO) also decreased to $0.43 per share from $0.53 per share in the prior year. The company announced a 67% increase in its quarterly dividend to $0.30 per share. Despite pandemic challenges, cash collections were at 94% and leasing production reached its highest since 2015 with $14.6 million in new leases and renewals.
Weingarten Realty Investors (NYSE: WRI) has announced the rescheduling of its fourth quarter 2020 earnings due to weather-related power outages in Southeast Texas. The earnings report will now be released after market hours on February 22, 2021, with a conference call scheduled for February 23, 2021, at 10:00 AM Central Time. Weingarten Realty is a prominent shopping center owner and manager, overseeing 162 properties across 15 states, with approximately 31 million square feet of space.
Weingarten Realty Investors (NYSE: WRI) announced the federal income tax treatment for its 2020 cash distributions to common shareholders. The total distribution for the year amounted to $1.295, with ordinary dividends at $1.035312 and total capital gain distribution of $0.259689. Notably, shareholders are advised to consult tax professionals regarding specific tax implications. The company owns and operates 162 properties across 15 states, covering approximately 31.0 million square feet of space. This announcement reflects Weingarten's commitment to transparency in its financial reporting.
Weingarten Realty Investors (NYSE:WRI) reported significant transaction activity for Q4 2020, purchasing 42% of Village Plaza at Bunker Hill in Houston and exiting the Charlotte market through the sale of Galleria Shopping Center. For the full year, WRI disposed of 11 shopping centers and four land parcels for $248 million, while acquiring two shopping centers and investing in new developments totaling $75 million. Cash collections rose to 92% in Q4, highlighting the resilience of its grocery-anchored portfolio despite COVID-19 challenges.
Weingarten Realty Investors (NYSE: WRI) is set to release its fourth quarter 2020 earnings after the market closes on February 17, 2021. A conference call will be held on February 18, 2021, at 10:00 AM CT to discuss these results. The company currently manages 162 properties across 15 states, representing about 31 million square feet, with approximately 21 million square feet of leasable area. Forward-looking statements include discussions of risks associated with the COVID-19 pandemic and various financial projections.
Weingarten Realty Investors (NYSE:WRI) has declared a special cash dividend of $0.36 per common share, scheduled for payment on December 29, 2020, to shareholders of record by December 22, 2020. This dividend reflects significant gains from property dispositions throughout 2020. As of September 30, 2020, the company managed 162 properties across 15 states, totaling approximately 31.0 million square feet of space.
Weingarten Realty (NYSE: WRI) reported a significant increase in rent collections, achieving 91% for Q3 and 90% for October 2020 despite the ongoing challenges posed by the COVID-19 pandemic. CEO Drew Alexander emphasized the resilience of their grocery-anchored properties, which provide essential goods and services. The company’s portfolio spans 162 properties across 15 states, totaling approximately 31 million square feet. Weingarten remains cautious about future projections due to uncertainties surrounding the pandemic, as outlined in their forward-looking statements.
Weingarten Realty Investors (NYSE: WRI) announces CEO Andrew "Drew" Alexander will present at Nareit’s REITworld: 2020 Virtual Investor Conference on November 18, 2020, from 11:30 a.m. to 12:00 p.m. ET. Attendees must register for the event via the provided link. Weingarten Realty manages a diverse portfolio of shopping centers, owning or managing 162 properties across 15 states, totaling approximately 31 million square feet. For more details, visit their Investor Relations page.
Weingarten Realty (NYSE: WRI) reported a net income of $25.1 million or $0.20 per share for Q3 2020, a decline from $106.7 million or $0.82 per share in Q3 2019. Cash collections improved to 90%, up from 82% in Q2. Core Funds From Operations (FFO) was $0.44 per share, down from $0.53 a year ago. The company sold properties totaling $64 million in Q3, enhancing liquidity. Occupancy rates stood at 93.0%, with essential tenants representing 63% of rents. A dividend of $0.18 per share was declared, signaling commitment to shareholder returns amidst challenges.
