Weingarten Realty Investors Reschedules Fourth Quarter 2020 Earnings Release and Conference Call Dates Due to Winter Weather Power Outages Across Southeast Texas

Rhea-AI Summary

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.

Positive

• Rescheduled earnings report allows for clearer financial assessment.
• Company manages significant real estate portfolio (162 properties, 31 million square feet).

Negative

• Rescheduling indicates potential operational disruptions due to weather.
• Dependence on external conditions (e.g., COVID-19 pandemic) poses risks to future performance.

Weingarten Realty Investors (NYSE:WRI) announced today that the Company has rescheduled its fourth quarter 2020 earnings due to weather related power outages across Southeast Texas. The Company will now release earnings after the market closes on Monday, February 22, 2021. Senior Management will host our quarterly earnings conference call on Tuesday, February 23, 2021 at 10:00 a.m. Central Time.

Event:		Weingarten Realty’s Fourth Quarter 2020 Earnings Results
When:		10:00 AM CT, Tuesday, February 23, 2021
Dial#:		1.888.895.5271 / Conference ID #49825276

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.

Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, volume and pricing of properties held for disposition, volume and pricing of acquisitions, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the ranges indicated. The above ranges represents management’s estimate of results based upon these assumptions as of the date of this press release. Accordingly, there is no assurance that our projections will be realized.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006236/en/

FAQ

When will Weingarten Realty Investors report its fourth quarter 2020 earnings?

Weingarten Realty Investors will release its fourth quarter 2020 earnings after market close on February 22, 2021.

What time is the Weingarten Realty Investors earnings conference call?

The earnings conference call for Weingarten Realty Investors is scheduled for 10:00 AM Central Time on February 23, 2021.

What is the significance of the rescheduled earnings report for Weingarten Realty Investors?

The rescheduled earnings report allows the company to provide a clearer financial assessment despite operational disruptions caused by weather events.