Weingarten Realty Investors (WRI) Tops Q1 EPS by 1c, Affirms Guidance

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Go back to Weingarten Realty Investors (WRI) Tops Q1 EPS by 1c, Affirms Guidance

Weingarten Realty Increases Recurring Funds from Operations by 9.6% and Rental Rates by 13.1%

April 21, 2016 4:41 PM EDT

HOUSTON--(BUSINESS WIRE)-- Weingarten Realty (NYSE: WRI) announced today the results of its operations for the first quarter ended March 31, 2016.

Operating and Financial Highlights

Recurring Funds from Operations (FFO) was $0.57 per diluted share, up 9.6% from the prior year; Same Property Net Operating Income (SPNOI) increased by 3.1% over the first quarter of the prior year; Rental rates on new leases and renewals increased 13.1%; Sold $40 million of common shares under the Companys ATM program; Extended and renewed its $500 million revolving credit facility;... More