Weingarten Realty Investors (WRI) Tops Q3 EPS by 10c, Revenues Beat

Weingarten Realty Investors (NYSE: WRI) reported Q3 EPS of $0.34, $0.10 better than the analyst estimate of $0.24. Revenue for the quarter came in at $128.79 million versus the consensus estimate of $126.21 million.

“Operations remained strong this quarter, a reflection of our significantly improved portfolio of properties. Our increase in rental rates on new leases of 12.7% for the quarter and 13.2% year-to-date is a reflection of this improvement. Additionally, the number of tenant failures for the quarter was 25% lower than any other quarter in the last five years, a further validation of the improvement in the portfolio,” said Johnny Hendrix, Executive Vice President and Chief Operating Officer.

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

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