Weingarten Realty
 | |
| Company 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]
References
- ^ a b c d e "Weingarten Realty Investors 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "The Weingarten Story – Part One: The Harris Weingarten Era". 23 January 2018.
{{cite web}}: CS1 maint: url-status (link) - ^ "Hersch, Harris Weingarten 1854-1934". Retrieved 23 September 2020.
{{cite web}}: CS1 maint: url-status (link) - ^ a b c d Keenan, Charles (November 11, 2016). "Weingarten Realty Investors is a Family Affair". National Association of Real Estate Investment Trusts.
- ^ "Weingarten adds three shopping centers". American City Business Journals. December 20, 2002.
- ^ "Raleigh shopping center part of $46.2M in deals". American City Business Journals. December 20, 2002.
- ^ Dawson, Jennifer (April 11, 2012). "Weingarten Realty selling $382.4M in assets". American City Business Journals.
External links
- Business data for Weingarten Realty Investors: