Company:Weingarten Realty
 | |
| Type | Public company |
|---|---|
| NYSE: WRI S&P 400 component | |
| Industry | Real estate investment trust |
| Founded | 1948 |
| Headquarters | Houston, Texas |
Key people | Stanford Alexander, Chairman Andrew M. Alexander, CEO Stephen C. Richter, CFO |
| Revenue |  $486 million (2019) |
| $322 million (2019) | |
| Total assets |  $3.937 billion (2019) |
| Total equity | $1.876 billion (2019) |
Number of employees | 239 (2019) |
| Website | weingarten |
| Footnotes / references [1] | |
Weingarten Realty Investors is a publicly traded real estate investment trust that invests in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores.[1]
As of December 31, 2019, the company owned interests in 170 properties comprising 32.5 million square feet.[1]
During 2019, 20.0% of the company's revenues were generated from properties in the Houston area and 29.3% of the company's revenues were generated from properties in Texas.[1] The company's largest tenants, Kroger and TJX Companies, each accounted for 2.5% of revenue in 2019.[1]
History
In the 1880s, Hersch Harris Weingarten, a poor Jewish immigrant from Łańcut (what was then Austria-Hungary),[2][3] started a grocery business in Houston called Weingarten's.[4]
In 1948, Joseph Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business.[4] In 1980, Safeway Inc. purchased the grocery operations.[4]
In 1985, the company became a public company via an initial public offering.[4]
In 2002, the company acquired 3 shopping centers for $46.2 million.[5][6]
In 2012, the company sold all of its industrial assets for $382.4 million.[7]
In 2021, Kimco Realty announced its intent to acquire Weingarten.[8]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Weingarten Realty Investors 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/828916/000082891620000010/wri-20191231x10k.htm.
- ↑ "The Weingarten Story – Part One: The Harris Weingarten Era". 23 January 2018. http://blog.weingarten.com/weingarten-story-part-one/.
- ↑ "Hersch, Harris Weingarten 1854-1934". https://www.myheritage.com/names/harris_weingarten.
- ↑ 4.0 4.1 4.2 4.3 Keenan, Charles (November 11, 2016). "Weingarten Realty Investors is a Family Affair". National Association of Real Estate Investment Trusts. https://www.reit.com/news/reit-magazine/november-december-2016/weingarten-realty-investors-family-affair.
- ↑ "Weingarten adds three shopping centers". American City Business Journals. December 20, 2002. https://www.bizjournals.com/memphis/stories/2002/12/16/daily44.html.
- ↑ "Raleigh shopping center part of $46.2M in deals". American City Business Journals. December 20, 2002. https://www.bizjournals.com/triangle/stories/2002/12/16/daily58.html.
- ↑ Dawson, Jennifer (April 11, 2012). "Weingarten Realty selling $382.4M in assets". American City Business Journals. https://www.bizjournals.com/houston/blog/breaking-ground/2012/04/weingarten-realty-selling-3824m-in.html.
- ↑ [1]
External links
- Business data for Weingarten Realty Investors:
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