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Weingarten Realty Announces Second Quarter 2011 Results

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Soapy Bubbles   Wednesday, 08/03/11 04:27:10 PM
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Weingarten Realty Announces Second Quarter 2011 Results
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Weingarten (NYSE:WRI)
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Today : Wednesday 3 August 2011
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Weingarten Realty (NYSE: WRI) announced today the results of its operations for the quarter ended June 30, 2011. The supplemental financial package with additional information can be found on the Company’s website under the Investor Relations tab.

Second Quarter Operating and Financial Highlights

Recurring Funds from Operations (“FFO”) for the quarter increased 4.8% on a per share basis from a year ago to $0.44 per diluted share. Reported FFO was $0.30 per diluted share for the quarter;
Retail Same Property Net Operating Income (“NOI”) increased for the fifth consecutive quarter by 0.2%;
Occupancy for retail spaces less than 10,000 square feet (referred to as “small shop space”) increased 1.2% to 86.3% from 85.1% which helped boost retail occupancy to 92.4% for the second quarter; and
Industrial occupancy also increased 1.0% to 88.0% from 87.0% improving the Company’s total occupancy to 91.2% up from 90.8% for the same period in 2010.


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