Weingarten Realty Investors Q1 FFO Shrinks - Quick Facts

(RTTNews) - Weingarten Realty Investors (WRI) Thursday said first-quarter funds from operations, or FFO, decreased to $63.1 million or $0.51 per share from $66.0 million or $0.53 per share in the same period last year.

Recurring FFO for the quarter was $61.2 million or $0.49 per share. On average, 14 analysts polled by Thomson Reuters expected the company to report FFO of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders totaled $60.6 million or $0.49 per share, up from $33.7 million or $0.28 per share last year.

Revenues increased to $127.59 million from $117.83 million last year. Analysts expected revenues of $125.49 million.

Looking ahead to the fiscal 2014, the company has affirmed its previous guidance for Recurring FFO of $1.95 to $2.01 per share.