Weingarten Realty Investors (WRI) Reports In-Line Q1 EPS, Core FFO Up 7% to $0.61

Weingarten Realty Investors (NYSE: WRI) reported Q1 EPS of $0.24, in-line with the analyst estimate of $0.24.

• Net income attributable to common shareholders (“Net Income”) for the quarter was $0.24 per diluted share compared to $0.85 per share in the same quarter of 2016;
• Core Funds From Operations Attributable to Common Shareholders ("Core FFO") for the quarter increased 7% to $0.61 per share from $0.57 per share a year ago;
• Same Property Net Operating Income (“SPNOI”) including redevelopments increased 3.7% over the same quarter of the prior year;
• Rental rates on new leases and renewals were up 9.5%; and
• Dispositions for the quarter totaled $47.4 million and transactions closed after quarter-end totaled an additional $52.2 million.

For earnings history and earnings-related data on Weingarten Realty Investors (WRI) click here.

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