| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
128 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
468 |
| Net Income (TTM) (Millions $) |
97 |
| Cash Flow (TTM) (Millions $) |
57 |
| Capital Exp. (TTM) (Millions $) |
138 |
Business Description
Weingarten Realty Investors is a real estate investment trust (REIT) company that specializes in the ownership, management, acquisition, development, and redevelopment of shopping centers located primarily in the United States. The company was founded in 1948 and is headquartered in Houston, Texas.
Weingarten Realty Investors is committed to creating long-term value for its shareholders through a disciplined and strategic approach to real estate investing. The company has a strong focus on generating sustainable cash flows and increasing assets under management through a strategic mix of property investments.
The company owns a diversified portfolio of shopping centers, which includes more than 150 properties across 16 states, totaling approximately 29 million square feet of gross leasable area. The company's properties are located in urban markets and have a mix of national, regional, and local tenants.
Weingarten Realty Investors is constantly looking for opportunities to enhance the value of its properties through redevelopment and expansion projects. The company's development initiatives focus on improving the tenant mix, increasing rent, and creating more attractive and efficient spaces for shoppers.
As a REIT, Weingarten Realty Investors is required to pay out at least 90% of its taxable income to shareholders annually in the form of dividends. The company has a long history of paying dividends to its shareholders and is consistently ranked as one of the best and most reliable dividend-paying REITs in the industry.
The company has a dedicated and experienced management team that is committed to the success of its operations. The team's focus on operational efficiency and driving growth through prudent capital allocation has helped Weingarten Realty Investors establish a solid reputation in the market.
In summary, Weingarten Realty Investors is a well-established and successful REIT that has a diverse portfolio of shopping centers across the United States. The company's strong focus on generating sustainable cash flows, increasing assets under management, and creating value for shareholders makes it an attractive investment option for many real estate investors.
Company Address: 2600 Citadel Plaza Drive Houston, 77292 TX
Company Phone Number: 866-6000 Stock Exchange / Ticker: NYSE WRI
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