Weingarten Realty Investors Releases Tax Characteristics of 2020 Distributions
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.
- Total cash distribution per share for 2020 increased to $1.295.
- Ordinary dividends increased to $1.035312 per share.
- The total capital gain distribution is relatively modest at $0.259689 per share.
- Shareholders face uncertainties regarding tax implications due to complex distribution classifications.
Weingarten Realty Investors (NYSE: WRI) released today the Federal income tax treatment of its 2020 distributions to holders of its Common Shares of Beneficial Interest.
Weingarten Realty Investors Common Shares |
Symbol: WRI |
CUSIP: 948741103 |
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Ex-Dividend
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Record
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Payable
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Total
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Ordinary
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Total Capital
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Unrecaptured
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Return of
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Section 199A
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3/5/2020 |
3/6/2020 |
3/13/2020 |
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6/5/2020 |
6/8/2020 |
6/16/2020 |
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9/4/2020 |
9/8/2020 |
9/15/2020 |
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10/7/2020 |
10/8/2020 |
10/13/2020 |
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12/21/2020 |
12/22/2020 |
12/29/2020 |
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2020 Total |
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| (1) | Represents additional characterization of, and is included in, “Total Capital Gain Distribution.” |
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| (2) |
Represents dividends eligible for the |
Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Weingarten Realty Investors cash distributions. For additional information, contact Weingarten’s Investor Relations Department.
About Weingarten Realty Investors
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, 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 162 properties which are located in 15 states spanning the country from coast to coast. These properties represent approximately 31.0 million square feet of which our interests in these properties aggregated approximately 21.0 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.
Forward-Looking Statements
Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. These risks and uncertainties include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact, as well as those discussed in the Company’s regulatory filings with the Securities and Exchange Commission, which include other information or factors that may impact the Company’s performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005145/en/
FAQ
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