Weingarten Realty Investors Declares Special Cash Dividend
December 02 2020 - 4:10PM
Business Wire
Weingarten Realty Investors (NYSE:WRI) announced today that its
Board of Trust Managers declared a special cash dividend of $0.36
per common share payable on December 29, 2020 to shareholders of
record on December 22, 2020. This special dividend is largely a
result of significant gains realized on dispositions of properties
during 2020.
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/20201202005869/en/
Michelle Wiggs, Phone: 713.866.6050
Weingarten Realty Invest... (NYSE:WRI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Weingarten Realty Invest... (NYSE:WRI)
Historical Stock Chart
From Sep 2023 to Sep 2024