Weingarten Realty Investors Q4 FFO Down - Quick Facts

(RTTNews) - Weingarten Realty Investors (WRI) Thursday said fourth-quarter funds from operations, or FFO, decreased to $51.9 million or $0.42 per share from $57.0 million or $0.46 per share in the same period last year.

Recurring FFO for the quarter was $59.5 million or $0.48 per share. On average, 14 analysts polled by Thomson Reuters expected the company to report FFO of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders increased to $47.2 million or $0.38 per share from $42.9 million or $0.35 per share last year.

Looking ahead the company continues to project full-year recurring FFO in the range of $1.95 to $2.01 per share. Analysts currently expect the company to report full-year FFO of $2.00 per share.